He has been a huge supporter behind-the-scenes. Mahomes is believed to have put $10 million into the Royals. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. (function() { And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. Copyright 2023 Sporting News Holdings Limited. Why did Mr. Narendra Modi buy the property? At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. League sources told ESPN's Adam Schefter that the deal is worth $450 . The investment should be a pretty sound one as the value of sports franchises continues to rise. @NWSL team next? Mahomes isnt buying a stake as an investment in reality. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. The source also added that Mahomes has attended at least 12 MLS matches at Childrens Mercy Park, and even led the I Believe chant prior to a 2018 playoff game.. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Earlier his month, Patrick Mahomes became the first North Americanathlete to rake in a half-a-billion dollar deal after he signed a10-year, $503 million extensionwith Kansas City Chiefs. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. And now the newest member of the @SportingKC ownership group! Sign up for notifications from Insider! The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. The team has an average winning percentage of 11.9 victories per season over the last five years. Go @Royals!! Imagine being an NFL superstar and owning an MLB team. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. July 28th, 2020. He is the quarterback for the Kansas City Chiefs. Its unlikely he bought any one owner out (which is why my guess is that he doesnt own much of the team) as the new ownership hasnt even been in place for a year yet, and there may be a lock-up period attached. By clicking Sign up, you agree to receive marketing emails from Insider Mahomes is the son of Pat Mahomes, a former major league pitcher. There is also a possibility that once his playing days are over he may want to transition into a bigger role in running the club, as other former athletes like Derek Jeter and Magic Johnson have done. He signed a 10-year, $503 million extension with Kansas City Chiefs. Patrick Mahomes has a 10-year contract that could be worth $500 million. That's not bad for a 27-year-old, one whose value seems boundless given his various business holdings, as well as the gaudy nature of his contract. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. Patrick Mahomes led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. "We are very proud and excited to have Patrick as our partner in the ownershipgroup of this franchise," John Sherman, chairman, CEO and principal owner of the Royals, said in a statement. As the quarterback of the Kansas City Chiefs, Patrick Mahomes has led his team to victory in some of the most high-profile games in recent memory. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. Just weeks after inking a 10-year . Its cool to be able to say I own part of a sports team and celebrity ownership of franchises is a storied history that includes owners like Jay-Z (who owned less than 1 percent of the Brooklyn Nets), Jennifer Lopez and then husband Marc Anthony (unreported amount of the Miami Dolphins), Bill Maher (who at one pint owned 1-4% of the Mets), Justin Timberlake (Memphis Grizzlies), Will Smith (Philadelphia 76ers), and others. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. His $500 million sports career is the most ever by a professional athlete. Seriously, is there anything this man cant do? Mahomes, at 24 years old, will be the youngest part owner in sports history. The news of Mahomes becoming an owner of an MLB franchise was greeted with delight by the rest of the sports fraternity: The Tigers were quick to note that they "drafted Mahomes first" -, Ladies and gentlemen, we drafted him first. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. } This is an annual salary of approximately $45 million. The 24-year old becomes becomes the youngest sports owner in history. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. Those partners may have their own information they've collected about you. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? That's not bad for a 27-year-old, one whose value seems boundless given his various business. Whatcha think @PatrickMahomes ? The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. as well as other partner offers and accept our. In 2020, Mahomes became the youngest Super Bowl-winning quarterback in NFL history, when the Chiefs defeated the San Francisco 49ers in Super Bowl LIV. Even a 1% ownership stake would cost him about $10 million. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. The son of former Major League Baseball (MLB) pitcher Pat Mahomes, he initially played college football and baseball at Texas Tech University.Following his sophomore year, he quit baseball to focus solely on football. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. In fiscal year 2011, the private sector generated $26.98 billion in revenue. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". The quarterback is apparently wasting no time to put his enormous payday to use. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". watch a Juve match live. He also won the NFL MVP in 2018. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. You could also argue that Mahomes is attempting to appear wealthy. Mahomes is also investing in businesses around Kansas City. Top editors give you the stories you want delivered right to your inbox each weekday. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. "I love this city and the people of this great town. The Royals did not say how much of a stake he took in the team, or the value of his share. Mahomes' baseball path begins with his dad, also named Pat Mahomes. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. The Detroit Tigers drafted him in 2014, though he never played for them. This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. That's a lot of zeroes before you even get to his endorsements and investments. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. With His Second Super Bowl Win Patrick Mahomes Is On Pace To Become The Wealthiest Quarterback In The NFL, Patrick Mahomes Could Earn A Record Deal Worth More Than $200 Million, Tom Brady Is Six Times Richer Than Patrick Mahomes Heading Into Super Bowl LV. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Odds & lines subject to change. Which Whataburger does Mahomes own? Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Full Spectrum Services LLP 2022 | All Rights Reserved. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. Here are some of the ways to date that the Chiefs superstar has spent his millions. the 25-year-old helped fund the purchase of new voting machines to make it happen. Follow David Hookstead on Twitter and Instagram, The Daily Caller | 1775 Eye Street NW | Suite 1150-290 | Washington, DC 20006, A post shared by Patrick Mahomes II (@patrickmahomes). The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. NFL MVP. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. As such, Mahomes made sure to throw his bag into something he feels passionate in. Your effort and contribution in providing this feedback is much While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. Is it possible that Patrick Mahomes is intentionally making fun of his fans? Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. "We are very . Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. We always knew he'd find his way into baseball. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. As part of a collaboration between Mahomes and Tyrann Mathieu and the Kansas City Chiefs, RISE will help athletes register for voter registration and educate them. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. It's been a fantastic year for Patrick Mahomes. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. Mahomes becomes the most popular owner in all of sports. Mahomes was named the NFL MVP and Offensive Player of the Year. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. { Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. Sara King is accused of . No products in the cart. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. Patrick Mahomes #15 of the Kansas City Chiefs celebrates after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. The new deal was touted as the largest contract in sports history. The megadeal came after Mahomes won the Super Bowl MVP Award for the Chiefs last season and was named NFL MVP for the 2018 season. Still, if Mahomes needed an advance to purchase a larger stake in the team (of say 2-3 percent), he would likely be able to find that in an owner-financed sale in which he would pay it off over time as more of his contract becomes guaranteed. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. Since arriving in Missouri in 2017, Mahomes has been committed to the city's communities, launching his own '15 and the Mahomies' foundation in 2019. Largely decorative legislation is seemingly the only chance Democrats have to . Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Terms at draftkings.com/sportsbook. To learn more or opt-out, read our Cookie Policy. "I love this city and the people of this great town,". It's fair to say he made the right choice by playing football. Kansas City Chiefs quarterback Patrick Mahomes has purchased a share of the Kansas City Royals, making himself the youngest part-owner in sports history and a two-sport Kansas City star. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. LeBron James is a part owner of soccer powerhouse Liverpool F.C., Russell Wilson is a part owner of the Seattle Sounders F.C., and Serena and Venus Williams are part owners of the Miami Dolphins. Having signed a ten-year, over US$500. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. Call 1-800-GAMBLER. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. Kansas City, Missouri, is an ideal place to call home. That's one way to cement your ties to the community. Patrick Mahomes is the second highest paid athlete in world sport. Mahomes is something of an expert on aerial dominance. Chiefs quarterback Patrick Mahomes has found a way to spend a little of the money coming his way.Mahomes signed an extension through 2031 earlier this month that can pay him up to $503 million and . @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. Details surroundingMahomes' stake in the MLB franchise remain sparse. The company is currently valued at $700 million. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. Commercial flights have replaced traditional charter flights as the primary mode of transportation for NFL players. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. He even considered playing baseball instead of football when he was in high school. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- The Kansas City Chiefs quarterback has a ten-year contract. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Because of his services, the Chiefs should pay him a fair salary. https://t.co/I3ItyS5CO0, . The fancy reveal, which took place last October, featured hundreds of balloons, worded lights, and matching "Baby Daddy" and "Baby Momma" shirts for Mahomes and Matthews. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Kansas City Royals (@Royals) July 28, 2020 "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise," Royals principal owner and CEO John Sherman . Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. Have you flown to or from the new KCI yet? A Division of NBCUniversal. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. The younger Mahomes was also a baseball prospect in his younger days. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). Be it helping Texas Tech to reach a wider audience by striking a marketing alliance with Kansas City Chiefs or being a stakeholder in Kansas City Royals baseball team, the Texas Tech Raiders alumni has always given his all on and off the field. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Here is a lengthy list of the entire Royals ownership group, including one Eric Stonestreet: pic.twitter.com/dcIffTHAIE, Also Read |Royals Sign Matt Harvey To Minor League Deal. She and the Longs have done an incredible job building a world-class organization and I am excited to join another championship-caliber club as it continues to make history. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. By clicking Sign up, you agree to receive marketing emails from Insider John Sherman, the Royals' chairman, CEO, and principal owner added: "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. It is not only Kansas largest city, but it is also its largest city in terms of population. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. } The two cities roots, history, and culture are all shared by them. Thats right, the same Patrick Mahomes who was named the Super Bowl MVP in February is also a minority owner of the Kansas City Royals, one of the most storied franchises in Major League Baseball history. The Dobsons owned the chain for much of its history, but it was purchased by a private equity firm and the family still owns a small stake. What do Patrick Mahomes and Kevin Durant have in common? The Kansas City Chiefs quarterback won a Super Bowl in February. I love this city and the people of this great town," Mahomes said in a statement. Tigers' Bullpen Sharp In 4-3 Win Over Royals, Royals Sign Matt Harvey To Minor League Deal, Royals Slug 6 HRs In 14-6 Win Over Tigers, Holland Fans Side In 10th, Royals Trim Indians 3-2. Suresh Menon is an NFL and Football writer at EssentiallySports. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Patrick Mahomes 'left some on the table' on his recent mega-extension so his teammate could sign an $85 million contract, Patrick Mahomes beat Post Malone in beer pong so bad the singer got a tattoo of the quarterback's autograph, Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more, Patrick Mahomes signed a $503 million deal and even LeBron James is asking for a loan. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. window.mc4wp.listeners.push( Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. His passion for the Current is undeniable, and I am glad that he will be with us as we continue on our journey to become the best in the NWSL. As of right now, Patrick Mahomes owns 2% of the Royals. on: function(evt, cb) { If he hits all his incentives, then . At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. She recently took a position as a part owner of the Kansas City NWSL expansion team, having previously played for both college and professional soccer teams. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. In this article, we will list down all the sporting investments made by the Kansas City quarterback. However, with a fairly new stadium and a fanbase known for vociferous support, don't be surprised if SKC thrusts itself up the league table sooner rather than later. Now, Mahomes is taking his talents to the baseball diamond. . Their chairman and principal owner, John Sherman, spoke to the press after the announcement. There is no denying that Patrick Mahomes is a rising star in the NFL. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Discovery Company. appreciated. NFL star Mahomes joins Royals ownership. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Patrick Mahomes also owns MLS Club Sporting Kansas City Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. CNNs Kevin Dotson contributed to this story. Still, Mahomes signed a very long-term deal with the Chiefs and his small stake in the Royals further embeds him into Kansas City for the next decade or more to come. Mahomes joined the HyperIce team in 2020. Since its inception, Mahomes has donated over $500,000 of his own money to various organizations working towards the charity's mission, according to Fox News. Fresh off the back of signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million, Patrick Mahomes has now become the youngest team owner in MLB history after purchasing a stake in the Kansas City Royals at the age of 24. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. forms: { Here you'll find information on the game of baseball, from the rules to the history. Sherman has a unique position in this situation, and he might be able to exploit it. https://t.co/D5yq8JTThK, Howdy partner! As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. Minority how much does patrick mahomes own of the royals John Sherman, spoke to the organization, though he played! Excited to do. `` four touchdown passes baseball for 11 seasons, the Kansas City Chiefs quarterback played. July, he became the part-owner of the American League team million contract,. 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