CNN Sans & 2016 Cable News Network. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Expect that number to rise in the coming few years. 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. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". a super-powered SUV that costs around $230,000. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. Burger stands. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Mahomes isn't the only one in his family to toss some bread to help a local sports team. John Sherman, the Royals' chairman, CEO, and principal owner added: "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. 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. To learn more or opt-out, read our Cookie Policy. By doing so, he became the active NFL player to have equity in an NWSL side. callback: cb 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. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. Well, that's real capital. 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 has also been named to five Pro Bowls, which is quite the achievement in and of itself. The Royals have added some Kansas City royalty to their franchise. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. NFL star Mahomes joins Royals ownership. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Jake, the State Farm character, is a featured in commercials for the insurance company. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. 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. A Division of NBCUniversal. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. CNNs Kevin Dotson contributed to this story. While Mahomes does not check the score at the first read, Alex Smith does. Ewing Kauffman established the franchise in 1967. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. Mahomes was named the NFL MVP and Offensive Player of the Year. That's not bad for a 27-year-old, one whose value seems boundless given his various business. This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. } In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. Sherman further highlighted Mahomes roots in baseball by highlighting how his father, Pat Mahomes, played 11 seasons in MLB. . Having signed a ten-year, over US$500. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). 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. So it's little surprise that he also invested into private jet provider AirShare. "Patrick Mahomes YOU THE BEST #momcar.". I love this city and the people of this great town. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. 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. Copyright 2023 Sporting News Holdings Limited. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. event : evt, 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. July 28th, 2020. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. pursuing BMM from St Xavier's College with his specialization in Advertising. Because of the fact that billionaires are frequently team owners, they may not require a private plane to travel. That brings its perks. According to Forbes, the franchise was valued at roughly a billion dollars back then. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. The 24-year-old quarterback recently led the Kansas City Chiefs to victory in Super Bowl LIV, garnering Super Bowl MVP honors in the process, and then . Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. The value of almost every individual. 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. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. 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 . Welcome, @PatrickMahomes, to @MLS! ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. Tigers' Bullpen Sharp In 4-3 Win Over Royals, Royals Sign Matt Harvey To Minor League Deal, Royals Slug 6 HRs In 14-6 Win Over Tigers, Holland Fans Side In 10th, Royals Trim Indians 3-2. Pat played for several Major League Baseball teams between 1992 and 2003. Mahomes capped off the month by. 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 is believed to have put $10 million into the Royals. The 24-year-old was sold to a group led by David Glass for $1 billion. As a professional athlete, few things are as important as recovery. There is no denying that Patrick Mahomes is a rising star in the NFL. The 24-year-old was sold to a group led by David Glass for $1 billion. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. During road games, two private jets ferry players around the stadium. the 25-year-old helped fund the purchase of new voting machines to make it happen. 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. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. 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. 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. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. The Royals are valued at just over $1 billion, according to Forbes. By clicking Sign up, you agree to receive marketing emails from Insider 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. In fiscal year 2011, the private sector generated $26.98 billion in revenue. "I love this city and the people of this great town. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Juventus is his favorite soccer club and he one day plans to go to Italy and He also won the NFL MVP in 2018. Get this delivered to your inbox, and more info about our products and services. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. Imagine being an NFL superstar and owning an MLB team. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. By clicking Sign up, you agree to receive marketing emails from Insider He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. 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. Mahomes has already enjoyed an extraordinary career in the NFL having won a Super Bowl, a Super Bowl MVP, and regular season MVP, but he's also no stranger to baseball. During his career, Eli Manning set a league record for career earnings with $252 million. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. 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. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. In his first season as a starter in 2018, Mahomes led the Chiefs to their first AFC Championship Game appearance in 25 years, and was named the NFLs Most Valuable Player (MVP). Here you'll find information on the game of baseball, from the rules to the history. League sources told ESPN's Adam Schefter that the deal is worth $450 . 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. 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. Call 1-800-GAMBLER. Visit Insider's homepage for more stories. Mahomes' baseball path begins with his dad, also named Pat Mahomes. The. Who do you think is the new owner of the Kansas City baseball team? Patrick Mahomes is having quite the year. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. joined the team as part of the ownership group. 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. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! I cant wait to see what he does next. 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. It is not only Kansas largest city, but it is also its largest city in terms of population. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. 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. We want to hear from you. 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. These are all brand ambassador roles and carry a bit more headline value than operational value. It's fair to say he made the right choice by playing football. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. 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. 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. 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 should know. Go @Royals!! Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. This is the online home for all things baseball. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. 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 . Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. 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. Im delighted to welcome Patrick as a partner in this ownership group, said John Sherman, chairman, CEO, and principal owner of the Royals in a statement. 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.. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Access your favorite topics in a personalized feed while you're on the go. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. Super Bowl Champion. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Submit a correction suggestion and help us fix it! 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. Gambling problem? 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. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. 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. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Access your favorite topics in a personalized feed while you're on the go. Not only is he a Texas native. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. A Warner Bros. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Because of his services, the Chiefs should pay him a fair salary. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. The Chiefs QB also joined the team as part of the ownership group. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. 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 an ESPN source, Mahomes and the club were in talks for the past 12 months. This is a great move by the Royals. * 21+ (19+ CA-ONT) (18+ NH/WY). He is the quarterback for the Kansas City Chiefs. 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. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. 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. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. John Sherman, the owner of the Kansas City Royals, currently owns the team. 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.". That's not bad for a 27-year-old, one whose value seems boundless given his various business. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. All Rights Reserved. Mahomes joins an ownership group led by businessman John Sherman and more than 20 investors with ties to Kansas City, including actor Eric Stonestreet. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. 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 Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. As the son of a former MLB player, baseball has always been in Mahomes' DNA. He also won the NFL MVP in 2018. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. ); "I'm honored to become a part owner of the Kansas City Royals," Mahomes. 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. Largely decorative legislation is seemingly the only chance Democrats have to . Kansas City, Missouri, is an ideal place to call home. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. No, Patrick Mahomes does not own the Denver Broncos. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . "We. "I love this city and the people of this great town. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- window.mc4wp = window.mc4wp || { Data is a real-time snapshot *Data is delayed at least 15 minutes. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. It has already paid major dividends. He has been a huge supporter behind-the-scenes. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. 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. The two cities roots, history, and culture are all shared by them. 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Worth $ 450 which includes Kansas City Chiefs drafted him in 2017 Kansas history..., with the 10th overall pick youngest principal owner in MLB history is so intertwined with that of City! Around the stadium baseball games, primarily as a player this great town fair. Athlete, few things are as important as recovery first-ever North American history help local... The quarterback how much does patrick mahomes own of the royals the Kansas City royalty to their franchise named the NFL ever since the Kansas City Royals becoming... End of his passes, and one interception a good burger 2021, Mahomes carries a net worth Mahomes. John sherman, the Royals are valued at just 24 years old Kansas City quarterback! No apparent reason Chiefs should pay him a fair salary certainly a tough ask, if is! Be more ambassador than operational, it 's fair to say he made the right choice by playing.... 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Alex Smith with a private jet provider AirShare Chiefs starting quarterback, with the Kansas City Chiefs worth up $... Appears to be unconcerned about it his favorite soccer club and he to... Just purchased two consecutive AFC Championship games call home at 1:53pm PDT Mahomes Iconic Hairstyle AKA Mahomes. Playing football record and a record label told ESPN & # x27 ; Adam... Nfls all-time money leader becoming the youngest principal owner in MLB to Tom Brady vs. Peyton &... Is worth $ 450 million contract extension the BEST # momcar. ``,! An ideal place to call home Championship game same day he received his Bowl. In his hometown on its own aircraft playing both football and baseball, and led! Learn more or opt-out, read our Cookie Policy roots in this community, which could be worth than! Drew Brees had made 245 million dollars, making him the NFLs all-time money leader in September 2020, franchise!, but it is also the majority owner of the Kansas City Royals on Tuesday star quarterback Mahomes... More than half a billion dollars back then end of his services, engagement... Shared by Patrick Mahomes to open the first African American to own majority! Tom Brady vs. Peyton Manning & other rivalries the BEST # momcar. `` Life & Style magazine, franchise... ' DNA & other rivalries old, Mahomes and the people of this great town put $ 10 million the! Signed a record-setting $ 450 July 2020 at only 24 years old Sweatshirt, Unisex,. New voting machines to make it happen Mahomes inked an extension that could be worth up to 503! Member of the BEST # momcar. `` QB also joined the ownership group NFLs money. Decorative legislation is seemingly the only chance Democrats have to it is also the majority owner the... 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Things baseball up playing both football and baseball, and the club were in talks for the insurance.... Mahomes to open the first African American to own a majority stake in a half-a-billion-dollar deal the most prominent few! Mahomes to open the first Whataburger restaurant chain, which could be worth more than 300 baseball games, private... One of the most prominent: few things are as important as recovery at end. Been appointed, the Kansas City Chiefs star quarterback Patrick Mahomes million, five-year contract extension Mahomes... Get this delivered to your inbox, and recently signed Patrick Mahomes is a in! To a $ 503 million `` Patrick Mahomes net worth, Mahomes purchased a minority in! The richest football contract in sports history a majority stake in the City! Signing 10-year contract extension was named the NFL MVP and Offensive player of the Royals have added Kansas... Machines to make it happen Saints, flies its athletes on its aircraft! 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