Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Patrick Mahomes has joined the ownership group for 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. No products in the cart. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. The younger Mahomes was also a baseball prospect in his younger days. 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. 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. 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. Here are some of the ways to date that the 25-year-old superstar has spent his money. 2023 CNBC LLC. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. Stay up to date with what you want to know. Kansas City is home to the Major League Baseball club. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. He can sling passes during the day with his team and then hit up his box at night for Royals games. { That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Congratulations! July 28th, 2020. 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. As a professional athlete, few things are as important as recovery. 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. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. Kansas City, Missouri, is an ideal place to call home. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. "I love this city and the people of this great town. Gambling problem? 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. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. event : evt, Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. By doing so, he became the active NFL player to have equity in an NWSL side. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. That's a lot of zeroes before you even get to his endorsements and investments. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. 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. In this article, we will list down all the sporting investments made by the Kansas City quarterback. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. the 25-year-old helped fund the purchase of new voting machines to make it happen. Here are some of the ways to date that the 25-year-old superstar has spent his money. 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. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. 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. Speculating the numbers behind the deal. "I love this city and the people of this great town. Details surroundingMahomes' stake in the MLB franchise remain sparse. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. Mahomes is something of an expert on aerial dominance. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. Kansas City Royals soon announced the news via a statement released on Tuesday. He is also known for his flashy lifestyle, which extends beyond his on-field success. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. While Mahomes does not check the score at the first read, Alex Smith does. Patrick Mahomes can do it all, folks. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. Have you flown to or from the new KCI yet? He grew up attending Royals games and has said that he wants to be a part of the teams future success. It hasn't been reported how much of an investment Mahomes made. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. Sherman has a unique position in this situation, and he might be able to exploit it. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. You could also argue that Mahomes is attempting to appear wealthy. Earlier this month, Mahomes inked a 10-year contract extension with the Chiefs that is expected to be the richest player deal in history, worth up to $503 million. Commercial flights have replaced traditional charter flights as the primary mode of transportation for NFL players. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. 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. He has a net worth of $40 million and is one of the wealthiest people in the world. 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. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. @ JayCat11. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. And now the newest member of the @SportingKC ownership group! According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. 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. Mahomes also owns part of the Kansas City Royals. Patrick Mahomes contract. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. of the new ownership group of the Kansas City Royals. Expect that number to rise in the coming few years. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Patrick Mahomes has a 10-year contract that could be worth $500 million. The value of almost every individual. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). The portion that he owns has not been disclosed, but it is likely a very small portion. 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 . He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. He also won the NFL MVP in 2018. 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. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. 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. The Royals have added some Kansas City royalty to their franchise. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. The NFL has been known to fly its players on private planes, but this is not the norm. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. Super Bowl Champion. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. I love this city and the people of this great town. The pair's daughter, Sterling Skye, was born in February. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. Burger stands. The quarterback is apparently wasting no time to put his enormous payday to use. 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 move comes after Mahomes inked an extension that could be worth more than half a billion dollars. window.mc4wp.listeners.push( "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. Patrick Mahomesis the second highest paid athlete in world sport. 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. 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.. https://t.co/I3ItyS5CO0, . That's one way to cement your ties to the community. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. CNN Sans & 2016 Cable News Network. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. 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. Later that summer, the couple, alongside a number of Mahomes' teammates and their partners, visited the Turks and Caicos Islands, where they all enjoyeddeep-sea fishing, golf, and riding horses in the ocean, according to The Kansas City Star. 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. If Kansas City Chiefs quarterback Patrick Mahomes' love for the city wasn't clear, it was obvious after the quarterback purchased a part of the Kansas City Royals on July 28. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. These are all brand ambassador roles and carry a bit more headline value than operational value. By clicking Sign up, you agree to receive marketing emails from Insider He found one last month when he bought into the ownership group of the Royals. A big reason why is his commitment to getting proper treatment postgame. The portion that he owns has not been disclosed, but it is likely a very small portion. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. The citys economy as a whole is also heavily reliant on tourism. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. The 24-year-old was sold to a group led by David Glass for $1 billion. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. a super-powered SUV that costs around $230,000. 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. The Royals are valued at just over $1 billion, according to Forbes. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. 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. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. 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