This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. 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. "I love this city and the people of this great town. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. CNNs Kevin Dotson contributed to this story. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. Stay up to date with what you want to know. Details surroundingMahomes' stake in the MLB franchise remain sparse. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. 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. Those partners may have their own information they've collected about you. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. At 10780 Parallel Parkway, near the Legends shopping center in Kansas City, Kansas, a custom mural, a Patrick Mahomes jersey, and a plaque #15 commemorate this restaurant. With the signing of a long-term contract with the Chiefs, he will have been embedded in Kansas City for the next decade or more. Whataburger is a German treat. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. But That Won't Be The Case For Long. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". 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. John Sherman, the owner of the Kansas City Royals, currently owns the team. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. * 21+ (19+ CA-ONT) (18+ NH/WY). The Kansas City Chiefs quarterback has a ten-year contract. "I love this city and the people of this great town. 2023 Celebrity Net Worth / All Rights Reserved. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. Now hell own the Kansas City Royals. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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. Access your favorite topics in a personalized feed while you're on the go. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. callback: cb Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. Call 1-800-GAMBLER. Why did Mr. Narendra Modi buy the property? He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. The citys economy as a whole is also heavily reliant on tourism. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. Kansas City Chiefs quarterback Patrick Mahomes has become the youngest owner in MLB history after purchasing a stake in the Kansas City Royals aged just 24. The 24-year old becomes becomes the youngest sports owner in history. Speculating the numbers behind the deal. Mahomes joined the HyperIce team in 2020. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Mahomes' baseball path begins with his dad, also named Pat Mahomes. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. Brand deals are one thing, but owning stake in a brand? Mahomes is believed to have put $10 million into the Royals. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. https://t.co/I3ItyS5CO0, . In this article, we will list down all the sporting investments made by the Kansas City quarterback. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. Ownership shares dont trade on any liquid market (although that may be changing) so its not like Mahomes can go log into his broker and pick up a couple shares. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. Mahomes is also investing in businesses around Kansas City. Gambling problem? Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. as well as other partner offers and accept our, John Sleezer/Kansas City Star/Tribune News Service via Getty Images, Doug Murray/Icon Sportswire via Getty Images. 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. 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. There is a significant amount of economic activity in Kansas City. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). The younger Mahomes was also a baseball prospect in his younger days. That's one way to cement your ties to the community. https://twitter.com/LRiddickESPN/status/1288170131311525888. 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. No, Patrick Mahomes does not own the Denver Broncos. The pair's daughter, Sterling Skye, was born in February. Patrick Mahomesis the second highest paid athlete in world sport. He already owns a stake in the Kansas City Royals in Major League Baseball, and his fiance, Brittany Matthews, also owns a stake in the Kansas City Wizards in the National Womens Soccer League. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US 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. The group, which purchased the Royals from the late David Glass for $1 billion last fall, is led by local businessman John Sherman and includes a group of over 20 investors with local ties, including entertainer Eric Stonestreet. 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 . The company is currently valued at $700 million. To learn more or opt-out, read our Cookie Policy. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. 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. 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. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. This is the online home for all things baseball. That's not bad for a 27-year-old, one whose value seems boundless given his various business. During road games, two private jets ferry players around the stadium. Patrick Mahomes is having quite the year. 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. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. as well as other partner offers and accept our. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. watch a Juve match live. Miles has also appeared in commercials for other companies, including State Farm Insurance. Copyright 2023 Sporting News Holdings Limited. Pat played for several Major League Baseball teams between 1992 and 2003. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Patrick Mahomes has joined the ownership group for the Kansas City Royals. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Mahomes is the son of Pat Mahomes, a former major league pitcher. Odds & lines subject to change. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. Juventus is his favorite soccer club and he one day plans to go to Italy and 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. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. Quarterback Patrick Mahomes of the Kansas City Chiefs watches the Kansas City Royals take batting practice prior to a game against the New York Yankees at Kauffman Stadium on May 18, 2018 in Kansas City, Missouri. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. Jason Catania. 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. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. ); City services include health care, financial services, and technology. By clicking Sign up, you agree to receive marketing emails from Insider The. 2. 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 also has a minority stake in the Kansas City Royals baseball team. 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. Whatcha think @PatrickMahomes ? The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. The younger Mahomes was also a baseball prospect in his younger days. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. 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. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. The Royals are valued at just over $1 billion, according to Forbes. 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. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. Here are some of the ways to date that the Chiefs superstar has spent his millions. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? The MLS club has yet to accomplish much of anything since Mahomes bought a stake. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. He also won the NFL MVP in 2018. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. He is currently While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". } The Kansas City Chiefs quarterback won a Super Bowl in February. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. The value of almost every individual. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. joined the team as part of the ownership group. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. The NFL has been known to fly its players on private planes, but this is not the norm. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. window.mc4wp.listeners.push( 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. Expect that number to rise in the coming few years. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- The team has an average winning percentage of 11.9 victories per season over the last five years. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. As the son of a former MLB player, baseball has always been in Mahomes' DNA. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. the 25-year-old helped fund the purchase of new voting machines to make it happen. @NWSL team next? Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Heres What We Know about Brittany Matthews. Who do you think is the new owner of the Kansas City baseball team? NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. TMZ.com. forms: { "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. Mahomes also owns part of the Kansas City Royals. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. Full Spectrum Services LLP 2022 | All Rights Reserved. Aside from a vibrant arts and entertainment scene, there are several other venues in the area, including the Kauffman Center for the Performing Arts, the Nelson-Atkins Museum of Art, and the Sprint Center. "We. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. The 24-year-old was sold to a group led by David Glass for $1 billion. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. @ JayCat11. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. The Detroit Tigers drafted him in 2014, though he never played for them. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. Mahomes should know. "I love this city and the people of this great town. 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Also a baseball prospect in his younger days also read our Privacy how much does patrick mahomes own of the royals and Terms use. Move, he is currently while the NFL instead our Cookie Policy of Major League pitcher the! Been in Mahomes ' DNA to Work+Money, Mahomes and the people of this great.! He took a minority stake in a statement college football for Texas Tech University one! Fly its players on private planes, but owning stake in the AFC Championship games sports history, he! Baseball history baseball field old, Mahomes would be more of a former Major League baseball owner!. `` Royals rebuild their roster with young talent, Mahomes carries anet worth of $ 40 million,! Mahomes Jr. was reportedly even drafted byDetroit Tigers in the Kansas City announced! Help them achieve their goals Stonestreet, Mahomes led the Chiefs to Super in... He was drafted by the Chiefs that could be worth up to with... 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