The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. But That Won't Be The Case For Long. 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. Largely decorative legislation is seemingly the only chance Democrats have to . 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 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.. He also won the NFL MVP in 2018. The company is currently valued at $700 million. To learn more or opt-out, read our Cookie Policy. Patrick Mahomes can do it all, folks. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. The Chiefs QB also joined the team as part of the ownership group. NFL MVP. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Mahomes is the son of Pat Mahomes, a former major league pitcher. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. Now, Mahomes is taking his talents to the baseball diamond. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? He grew up attending Royals games and has said that he wants to be a part of the teams future success. Because of his services, the Chiefs should pay him a fair salary. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. 4:13 PM EDT, Tue July 28, 2020. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. 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. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. 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. Is it possible that Patrick Mahomes is intentionally making fun of his fans? Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. 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. Only FC Barcelona forward Lionel Messi can claim to earn more in wages alone, having signed a four-year,$670 million deal with the Spanish giant in 2017. 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. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. According to Forbes, the franchise was valued at roughly a billion dollars back then. 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. Juventus is his favorite soccer club and he one day plans to go to Italy and "I love this city and the people of this great town. What do Patrick Mahomes and Kevin Durant have in common? Not only is he a Texas native. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. (function() { Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). 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 . 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. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. Up until this point in his career, Mahomes has only earned a total of $13 million on the field. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. The Kansas City Chiefs quarterback has a ten-year contract. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. Details surroundingMahomes' stake in the MLB franchise remain sparse. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Sherman has a unique position in this situation, and he might be able to exploit it. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. It hasn't been reported how much of an investment Mahomes made. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. Call 1-800-GAMBLER. 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. 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 isnt buying a stake as an investment in reality. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Patrick Mahomes has joined the ownership group for the Kansas City Royals. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. The portion that he owns has not been disclosed, but it is likely a very small portion. 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. Heres What We Know about Brittany Matthews. Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. pursuing BMM from St Xavier's College with his specialization in Advertising. { If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. 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. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. callback: cb It has already paid major dividends. This is an annual salary of approximately $45 million. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. The 24-year-old was sold to a group led by David Glass for $1 billion. Got a confidential news tip? put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Im starting to think he might be superhuman. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. } Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Well, that's real capital. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US Top editors give you the stories you want delivered right to your inbox each weekday. 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. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Brand deals are one thing, but owning stake in a brand? Miles has also appeared in commercials for other companies, including State Farm Insurance. 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. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. The value of almost every individual. In this article, we will list down all the sporting investments made by the Kansas City quarterback. Did you encounter any technical issues? MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. Email address The Royals are valued at just over $1 billion, according to Forbes. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". Mahomes joined the HyperIce team in 2020. Patrick Mahomes contract. 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. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! Whataburger is a German treat. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. His $500 million sports career is the most ever by a professional athlete. Does Patrick Mahomes Own The Kansas City Royals? "I love this city and the people of this great town. event : evt, Patrick Mahomes has joined the ownership group for the Kansas City Royals. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Mahomes is something of an expert on aerial dominance. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. 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. 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. No products in the cart. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Go @Royals!! That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. 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 purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. It's been a fantastic year for Patrick Mahomes. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. "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. Mahomes has spent his first four NFL seasons in. Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. Despite this, it is likely that the extension of McCaffreys contract will be voided in the future because the pay ceiling for running backs has yet to be raised. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- 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," Mahomes said in a statement. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. 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. A Division of NBCUniversal. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. 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. 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