The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. event : evt, Even purchasing 1 percent of the Royals, assuming Mahomes didnt buy at a lower post-money valuation than the other investors paid, would cost the Chiefs quarterback around $10 million which is a significant outlay for someone who has made slightly more than $13 million over his brief playing career, not including endorsements. (function() { signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. 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. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. 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. He also won the NFL MVP in 2018. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. "I love this city and the people of this great town. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! } Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. Your effort and contribution in providing this feedback is much The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. Unlike MLB deals, NFL contracts arent fully guaranteed, so Mahomes cant quite start spending like he has earned his entire half a billion dollar contract. appreciated. Email address NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. Mahomes isn't the only one in his family to toss some bread to help a local sports team. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. That's not bad for a 27-year-old, one whose value seems boundless given his various business. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. Now hell own the Kansas City Royals. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? League sources told ESPN's Adam Schefter that the deal is worth $450 . Sherman has served in the United States Army. pic.twitter.com/02QhQKrAGs, Don Garber (@thesoccerdon) July 27, 2021, Commenting about adding Sporting Kansas City to his collection, Mahomes said, I am grateful for the opportunity to join Sporting Kansas Citys ownership team and strengthen my connection to the fans and the city I love. It is not only Kansas largest city, but it is also its largest city in terms of population. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. Top editors give you the stories you want delivered right to your inbox each weekday. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Ownership in the Royals isn't the only spending Mahomes has been doing, either. As a result, other running backs in the NFL may be able to earn more money in the future. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field," Sherman said in a statement. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. The 27-year-old mother of two became a topic of conversation during Thursday's episode of The Joe Rogan Experience when host Joe Rogan and his guests Shane Gillis . Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. What do Patrick Mahomes and Kevin Durant have in common? As such, Mahomes made sure to throw his bag into something he feels passionate in. { Jason Catania. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Does Patrick Mahomes Own The Kansas City Royals? Ewing Kauffman established the franchise in 1967. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. The team has an average winning percentage of 11.9 victories per season over the last five years. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field., Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. } During road games, two private jets ferry players around the stadium. Mahomes has already enjoyed an extraordinary career in the NFL having won a Super Bowl, a Super Bowl MVP, and regular season MVP, but he's also no stranger to baseball. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Details surroundingMahomes' stake in the MLB franchise remain sparse. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. While this measure will almost certainly die in the Patrick Mahomes II Kansas City 2X MVP Super Bowl LVII Signature shirt also I will do this Senateas much good legislation doesit's still Democrats last chance to save reproductive rights on a federal level. This is the online home for all things baseball. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. Mahomes capped off the month by. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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.. Patrick Mahomes business ownership: Chiefs QB counts Whataburger, Royals, Sporting KC among investments, How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries, Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. City services include health care, financial services, and technology. Copyright 2023 Sporting News Holdings Limited. He is the quarterback for the Kansas City Chiefs. 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. 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 . Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. Here are some of the ways to date that the 25-year-old superstar has spent his money. Then, in July, he signed a record-setting, , which could be worth up to $503 million. However, the. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. Launched in 2019, "15 and the Mahomies" is a charity that "is"dedicated to improving the lives of children" through "initiatives that focus on health, wellness, communities in need of resources and other charitable causes.". https://t.co/D5yq8JTThK, Howdy partner! Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. 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. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. Patrick Mahomes can do it all, folks. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. It is also a good sign that he is putting his roots down in the community and fully embracing the city. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? Royals Rumblings - News for February 28, 2023, Royals vs. Guardians Tuesday spring training game thread, Making sense of Nicky Lopezs inexplicable 2021 season, The Royals early season schedule is toughmaybe. 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. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. The younger Mahomes was also a baseball prospect in his younger days. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. 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. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Its a partnership that has been in place since before he took over as the starting quarterback for the Kansas City Chiefs, said Airshare CEO John Owen of the relationship with Chiefs quarterback. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. . In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. CNN Sans & 2016 Cable News Network. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Mahomes becomes the most popular owner in all of sports. Whataburger is a German treat. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. Mahomes' net worth is currently estimated to be around $30 million. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Super Bowl Champion. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Patrick Mahomesis the second highest paid athlete in world sport. Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. I love this city and the people of this great town," Mahomes said in a statement. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. These are all brand ambassador roles and carry a bit more headline value than operational value. He found one last month when he bought into the ownership group of the Royals. He established NFL records for most touchdown passes in the first three games of his career. According to the Royals, he purchased a stake in the team, but it was not disclosed how much he purchased or what his value was. He is currently John Sherman, the owner of the Kansas City Royals, currently owns the team. Because of the fact that billionaires are frequently team owners, they may not require a private plane to travel. While Mahomes does not check the score at the first read, Alex Smith does. 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. Updated 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. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. The investment should be a pretty sound one as the value of sports franchises continues to rise. This opportunity allows me to deepen my roots in this community, which is something Im excited to do., Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. @NWSL team next? "Patrick Mahomes YOU THE BEST #momcar.". Mahomes isnt buying a stake as an investment in reality. NFL star Mahomes joins Royals ownership. July 28th, 2020. Brand deals are one thing, but owning stake in a brand? Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. watch a Juve match live. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. 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. Although it's unclear quite how much Mahomes has invested into the firm, it does seem to be making an impact: the company is planning on opening 30 locations in the Kansas City area by 2027. In this article, we will list down all the sporting investments made by the Kansas City quarterback. Sherman, in addition to owning the only MLB team without a membership in the league, is the sole owner of any other Major League Baseball franchise. The NFL has been known to fly its players on private planes, but this is not the norm. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. And although he didn't quite follow in his father Pat's footsteps, he does retain a serious interest in the sport so much so that he purchased a minority stake in his adopted hometown's MLB team in 2020. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. of the new ownership group of the Kansas City Royals. Because of his services, the Chiefs should pay him a fair salary. There is no denying that Patrick Mahomes is a rising star in the NFL. Mahomes is believed to have put $10 million into the Royals. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. forms: { In fact, the day after his son was born, the elder Mahomes picked up the save after throwing 3 1/3 shutout innings against the Royals. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. The Super Bowl win is one of the NFLs biggest achievements, and each member of the winning team will receive $150,000 as a result. 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. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Discovery Company. Mahomes has spent his first four NFL seasons in. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". 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. Because he has agreed to a contract extension until 2021, the club is certain to keep him on its roster for the next two seasons. As part of the renovations, the couple built a gym and a custom shoe closet for Mahomes' massive sneaker collection, which features upwards of 180 pairs. Which Whataburger does Mahomes own? Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. John Sherman became the majority owner ofthe franchise last year after he and a reported 20 other investors acquired the teamfrom previous ownerDavid Glass in a deal valued at over $1 billion. To learn more or opt-out, read our Cookie Policy. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. In fact, his wife Brittany a former collegiate and professional soccer player became part owner of the NWSL's expansion Kansas City franchise in 2021. The Royals are valued at just over $1 billion, according to Forbes. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. It hasn't been reported how much of an investment Mahomes made. By clicking Sign up, you agree to receive marketing emails from Insider Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Who do you think is the new owner of the Kansas City baseball team? According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Turning off the personalized . Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. listeners: [], Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. @ JayCat11. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Mahomes joined the HyperIce team in 2020. "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. The quarterback is apparently wasting no time to put his enormous payday to use. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. Even a 1% ownership stake would cost him about $10 million. Mahomes is something of an expert on aerial dominance. "I love this city and the people of this great town,". Injuries cause Royals to seek more outfield depth, The Royals could be adding to the outfield, over 20 investors with local ties, including entertainer Eric Stonestreet, signing a 10-year contract with the Chiefs. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. "I love this city and the people of this great town. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. Did you encounter any technical issues? A post shared by Patrick Mahomes II (@patrickmahomes). In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. 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