According to an ESPN source, Mahomes and the club were in talks for the past 12 months. "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. 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. 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. 7/28/2020 9:34 AM PT. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Mahomes joined the HyperIce team in 2020. Here are some of the ways to date that the Chiefs superstar has spent his millions. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. 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: [], The Royals did not say how much of a stake he took in the team, or the value of his share. Sherman has served in the United States Army. Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Mahomes capped off the month by. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. 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.. 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. He also won the NFL MVP in 2018. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise, Chairman, CEO and principal ownerJohn Sherman said in the pressrelease. The Royals have added some Kansas City royalty to their franchise. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. 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. Mahomes' baseball path begins with his dad, also named Pat Mahomes. It hasn't been reported how much of an investment Mahomes made. 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. 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. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. (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. Odds & lines subject to change. Mahomes, at 24 years old, will be the youngest part owner in sports history. It has already paid major dividends. 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. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. 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. The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. "I love this city and the people of this great town. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. 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 . Jason Catania. This is an annual salary of approximately $45 million. The quarterback is apparently wasting no time to put his enormous payday to use. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. watch a Juve match live. Kansas City, Missouri, is an ideal place to call home. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. League sources told ESPN's Adam Schefter that the deal is worth $450 . Welcome, @PatrickMahomes, to @MLS! Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. 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. Gambling problem? "Patrick Mahomes YOU THE BEST #momcar.". The Detroit Tigers drafted him in 2014, though he never played for them. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. Call 1-800-GAMBLER. 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. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. "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. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. 4:13 PM EDT, Tue July 28, 2020. Access your favorite topics in a personalized feed while you're on the go. 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.". The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. And now the newest member of the @SportingKC ownership group! City services include health care, financial services, and technology. Ewing Kauffman established the franchise in 1967. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Patrick Mahomes is having quite the year. Mahomes joins an ownership group led by businessman John Sherman and more than 20 investors with ties to Kansas City, including actor Eric Stonestreet. No products in the cart. @ JayCat11. Follow David Hookstead on Twitter and Instagram, The Daily Caller | 1775 Eye Street NW | Suite 1150-290 | Washington, DC 20006, A post shared by Patrick Mahomes II (@patrickmahomes). Terms at draftkings.com/sportsbook. Sign up for notifications from Insider! 2023 Celebrity Net Worth / All Rights Reserved. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. 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. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. 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. If thats not the definition of living the life, then I simply dont know what is. Mahomes' net worth is currently estimated to be around $30 million. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. What do Patrick Mahomes and Kevin Durant have in common? It carries a valuation of over $3 billion. Mahomes is believed to have put $10 million into the Royals. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. 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. 2023 CNBC LLC. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Mahomes isn't the only one in his family to toss some bread to help a local sports team. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. Here you'll find information on the game of baseball, from the rules to the history. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. A Warner Bros. 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. 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. 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. As a professional athlete, few things are as important as recovery. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. Patrick Mahomes can do it all, folks. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. 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 move comes after Mahomes inked an extension that could be worth more than half a billion dollars. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. Get this delivered to your inbox, and more info about our products and services. These are all brand ambassador roles and carry a bit more headline value than operational value. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. All Rights Reserved. He found one last month when he bought into the ownership group of the Royals. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. Ownership in the Royals isn't the only spending Mahomes has been doing, either. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. 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. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. Whataburger will open two new restaurants in Platte County in 2023. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. 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. Go @Royals!! He is also known for his flashy lifestyle, which extends beyond his on-field success. The fancy reveal, which took place last October, featured hundreds of balloons, worded lights, and matching "Baby Daddy" and "Baby Momma" shirts for Mahomes and Matthews. 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. The Royals are valued at just over $1 billion, according to Forbes. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. This is a great move by the Royals. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- Largely decorative legislation is seemingly the only chance Democrats have to . "I love this city and the people of this great town. 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. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Mahomes will not be competing for a roster spot, but he will get the chance to work with the coaching staff and get some valuable experience. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. { The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. During his career, Eli Manning set a league record for career earnings with $252 million. There is a significant amount of economic activity in Kansas City. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. 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. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. https://twitter.com/LRiddickESPN/status/1288170131311525888. A Division of NBCUniversal. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. 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. That brings its perks. We want to hear from you. Mahomes is the son of Pat Mahomes, a former major league pitcher. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. 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 younger Mahomes was also a baseball prospect in his younger days. 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 led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. Mahomes is something of an expert on aerial dominance. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. pic.twitter.com/9lzODUUpVA. Got a confidential news tip? He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. Patrick Mahomes contract. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. The younger Mahomes was also a baseball prospect in his younger days. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. Having signed a ten-year, over US$500. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Patrick Mahomes has joined the ownership group for the Kansas City Royals. 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. of the new ownership group of the Kansas City Royals. Copyright 2023 Sporting News Holdings Limited. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. 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. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. LeBron James is a part owner of soccer powerhouse Liverpool F.C., Russell Wilson is a part owner of the Seattle Sounders F.C., and Serena and Venus Williams are part owners of the Miami Dolphins. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. "I love this city and the people of this great town. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. As such, Mahomes made sure to throw his bag into something he feels passionate in. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. "We. 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. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. @NWSL team next? 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. I cant wait to see what he does next. Turning off the personalized . } 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 . When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. joined the team as part of the ownership group. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Mahomes has spent his first four NFL seasons in. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. on: function(evt, cb) { Did you encounter any technical issues? The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. There is no denying that Patrick Mahomes is a rising star in the NFL. 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.. "I love this city and the people of this great town,". The. The team has an average winning percentage of 11.9 victories per season over the last five years. pic.twitter.com/TmTsqIV9QE, "We are so thrilled to make this a family affair and have Patrick join as an owner, Brittany Mahomes said in a statement. Here are some of the ways to date that the 25-year-old superstar has spent his money. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Burger stands. Because of his services, the Chiefs should pay him a fair salary. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. 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