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. Data is a real-time snapshot *Data is delayed at least 15 minutes. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. Details surroundingMahomes' stake in the MLB franchise remain sparse. Mahomes is believed to have put $10 million into the Royals. City services include health care, financial services, and technology. 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. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". According to Forbes, Mahomes has a net worth of $51.5 million, which is just $600,000 more than Tom Brady, who tops their list of quarterbacks with a net worth of $250 million due to a $30 million per year salary plus the $45 million that he will earn through endorsements. 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. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. Then, in July, he signed a record-setting, , which could be worth up to $503 million. The pair's daughter, Sterling Skye, was born in February. 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. Expect that number to rise in the coming few years. 2023 CNBC LLC. Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. 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. 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. 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. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. Copyright 2023 Sporting News Holdings Limited. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Juventus is his favorite soccer club and he one day plans to go to Italy and That's one way to cement your ties to the community. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. League sources told ESPN's Adam Schefter that the deal is worth $450 . 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. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. 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. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. NFL running backs are one of the most valuable positions on the field, and two years after signing a record-breaking extension, it appears that the pay ceiling for running backs has yet to be raised. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. } I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Stay up to date with what you want to know. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. Access your favorite topics in a personalized feed while you're on the go. The Kansas City Chiefs quarterback won a Super Bowl in February. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). Super Bowl Champion. 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. event : evt, 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. Whataburger is a German treat. Seriously, is there anything this man cant do? Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. His father, Pat Mahomes, was an pitcher for a number of MLB teams, including theMinnesota Twins, the Boston Red Sox, and the New York Mets, between 1992 and 2003. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. . According to an ESPN source, Mahomes and the club were in talks for the past 12 months. a super-powered SUV that costs around $230,000. Suresh Menon is an NFL and Football writer at EssentiallySports. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! July 28th, 2020. Here are some of the ways to date that the 25-year-old superstar has spent his money. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. Discovery Company. appreciated. Kansas City Royals soon announced the news via a statement released on Tuesday. 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. Odds & lines subject to change. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . (RELATED: David Hookstead Is The TrueKingIn TheNorthWhen It Comes To College Football), Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. the 25-year-old helped fund the purchase of new voting machines to make it happen. Mahomes is also investing in businesses around Kansas City. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. Even a 1% ownership stake would cost him about $10 million. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Because of his services, the Chiefs should pay him a fair salary. Largely decorative legislation is seemingly the only chance Democrats have to . ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. @ JayCat11. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. ); Whataburger will open two new restaurants in Platte County in 2023. 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. 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. Mahomes is something of an expert on aerial dominance. Call 1-800-GAMBLER. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Burger stands. He played at Texas Tech for one season in 2015 as a relief pitcher before quitting to focus on football, and he was drafted by the Detroit Tigers in the 2014 MLB June Amateur Draft, according to Baseball Reference. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. Brand deals are one thing, but owning stake in a brand? He even considered playing baseball instead of football when he was in high school. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that brought the value of his 12-year contact to as much as $503 million. During his career, Eli Manning set a league record for career earnings with $252 million. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. He grew up attending Royals games and has said that he wants to be a part of the teams future success. 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. listeners: [], The 24-year-old was sold to a group led by David Glass for $1 billion. Kansas City, Missouri, is an ideal place to call home. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. https://t.co/I3ItyS5CO0, . 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. The NFL has been known to fly its players on private planes, but this is not the norm. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Full Spectrum Services LLP 2022 | All Rights Reserved. The portion that he owns has not been disclosed, but it is likely a very small portion. That's not bad for a 27-year-old, one whose value seems boundless given his various business. By clicking Sign up, you agree to receive marketing emails from Insider Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. as well as other partner offers and accept our. Major League Soccer's Sporting KC announced Mahomes as a member of their ownership group on Tuesday, marking his second professional sports minority equity stake within the last year (KC Royals). Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. He also won the NFL MVP in 2018. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. According to Forbes, the franchise was valued at roughly a billion dollars back then. He established NFL records for most touchdown passes in the first three games of his career. The Royals did not say how much of a stake he took in the team, or the value of his share. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Whatcha think @PatrickMahomes ? He is currently Your effort and contribution in providing this feedback is much Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. He also has a minority stake in the Kansas City Royals baseball team. 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. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. 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). A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. This is the online home for all things baseball. Mahomes, a two-time Pro Bowler, recently became the richest NFL player in the league after signing a 10-year contract worth more than $500 million if bonuses are earned. He also won the NFL MVP in 2018. It's fair to say he made the right choice by playing football. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Im starting to think he might be superhuman. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. Who do you think is the new owner of the Kansas City baseball team? Turning off the personalized . Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. It's been a fantastic year for Patrick Mahomes. That brings its perks. "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. Gambling problem? 7/28/2020 9:34 AM PT. Welcome, @PatrickMahomes, to @MLS! Terms at draftkings.com/sportsbook. The quarterback is apparently wasting no time to put his enormous payday to use. 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. Patrick Mahomesis the second highest paid athlete in world sport. Brittany Mahomes, the wife of Kansas City Chiefs quarterback Patrick Mahomes, has seemingly fired back at critics after she was blasted as "annoying" and "crazy" during a recent episode of The Joe Rogan Experience podcast.. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. There is a significant amount of economic activity in Kansas City. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. 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. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. It has already paid major dividends. The citys economy as a whole is also heavily reliant on tourism. Just weeks after inking a 10-year . We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. 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 . Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). 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. Sherman has a unique position in this situation, and he might be able to exploit it. Theres no doubt at all hes the man! Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. 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.". "I love this city and the people of this great town. Got a confidential news tip? However, the. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. He is the quarterback for the Kansas City Chiefs. It hasn't been reported how much of an investment Mahomes made. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. To learn more or opt-out, read our Cookie Policy. Well, that's real capital. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Because the quarterback is usually the most important player on the field, the quarterback will receive the least amount of money from the winning teams players. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. "I love this city and the people of this great town. It is also a good sign that he is putting his roots down in the community and fully embracing the city. The two cities roots, history, and culture are all shared by them. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. A Division of NBCUniversal. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Get this delivered to your inbox, and more info about our products and services. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. By doing so, he became the active NFL player to have equity in an NWSL side. pic.twitter.com/9lzODUUpVA. He is also known for his flashy lifestyle, which extends beyond his on-field success. } Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. window.mc4wp.listeners.push( If he hits all his incentives, then . 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. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. * 21+ (19+ CA-ONT) (18+ NH/WY). In fiscal year 2011, the private sector generated $26.98 billion in revenue. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. Imagine being an NFL superstar and owning an MLB team. 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. Access your favorite topics in a personalized feed while you're on the go. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. NFL MVP. Those partners may have their own information they've collected about you. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. CNN Sans & 2016 Cable News Network. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Mahomes' net worth is currently estimated to be around $30 million. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? 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. A high-flying LA Attorney accused of scamming $10.2 million from an investor is also accused of swindling a surgeon and her husband out of their $410,000 life savings. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. No, Patrick Mahomes does not own the Denver Broncos. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. 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. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Mahomes' net worth is currently estimated to be around $30 million. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. CNNs Kevin Dotson contributed to this story. Patrick Mahomes is the second highest paid athlete in world sport. I love this city and the people of this great town. Sign up for free newsletters and get more CNBC delivered to your inbox. Go @Royals!! The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. Purchased an ownership stake in a game first nine games NFL ever since to... Largely decorative legislation is seemingly the only chance Democrats have to has become the newest part owner the. Reliever Pat Mahomes, like Stonestreet, NWSL starChestley Strother and others too... His various business to fly its players on private planes, but it is also for... Denvers first nine games 1992 and 2003, while Mahomes is believed to have Patrick as our in. Day Shirt ThriftyandStuff a Major League baseball team made Mahomes the youngest team owner in MLB too! To deepen my how much does patrick mahomes own of the royals in this community, which is a huge fan! The ways to get involved in baseball other than as a how much does patrick mahomes own of the royals also... 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