However, the. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. Brand deals are one thing, but owning stake in a brand? Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Copyright 2023 Sporting News Holdings Limited. Sherman has a unique position in this situation, and he might be able to exploit it. Congratulations! Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. What do Patrick Mahomes and Kevin Durant have in common? 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. Patrick Mahomes #15 of the Kansas City Chiefs celebrates after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Kansas City, Missouri, is an ideal place to call home. He also won the NFL MVP in 2018. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Expect that number to rise in the coming few years. Now, Mahomes is taking his talents to the baseball diamond. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. The NFL has been known to fly its players on private planes, but this is not the norm. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. I love this city and the people of this great town. a super-powered SUV that costs around $230,000. 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. July 28th, 2020. Jake, the State Farm character, is a featured in commercials for the insurance company. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. A Warner Bros. https://t.co/I3ItyS5CO0, . That brings its perks. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. Have you flown to or from the new KCI yet? } According to an ESPN source, Mahomes and the club were in talks for the past 12 months. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. If thats not the definition of living the life, then I simply dont know what is. You could also argue that Mahomes is attempting to appear wealthy. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Suresh Menon is an NFL and Football writer at EssentiallySports. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The quarterback is apparently wasting no time to put his enormous payday to use. on: function(evt, cb) { The Kansas City Chiefs quarterback won a Super Bowl in February. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. Patrick Mahomes has joined the ownership group for the Kansas City Royals. According to Forbes, the franchise was valued at roughly a billion dollars back then. 4:13 PM EDT, Tue July 28, 2020. Gambling problem? Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. 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. (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. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. "I love this city and the people of this great town. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. callback: cb The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. He is the quarterback for the Kansas City Chiefs. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). The Kansas City Chiefs quarterback won a Super Bowl in February. 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. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. 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. Now hell own the Kansas City Royals. @ JayCat11. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. 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.. As of right now, Patrick Mahomes owns 2% of the Royals. Which Whataburger does Mahomes own? Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. The citys economy as a whole is also heavily reliant on tourism. 2023 Cable News Network. A Division of NBCUniversal. 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. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. He found one last month when he bought into the ownership group of the Royals. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. 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. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Here you'll find information on the game of baseball, from the rules to the history. The team has an average winning percentage of 11.9 victories per season over the last five years. I cant wait to see what he does next. Sign up for free newsletters and get more CNBC delivered to your inbox. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. "I love this city and the people of this great town. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. The 24-year-old was sold to a group led by David Glass for $1 billion. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. event : evt, Updated Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. 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. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. 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. We always knew he'd find his way into baseball. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. } Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. (function() { window.mc4wp = window.mc4wp || { According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Full Spectrum Services LLP 2022 | All Rights Reserved. Access your favorite topics in a personalized feed while you're on the go. 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 . 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). 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. 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. Your effort and contribution in providing this feedback is much the 25-year-old helped fund the purchase of new voting machines to make it happen. NFL star Mahomes joins Royals ownership. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Top editors give you the stories you want delivered right to your inbox each weekday. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Mahomes should know. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. The 24-year old becomes becomes the youngest sports owner in history. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. We want to hear from you. Here are some of the ways to date that the 25-year-old superstar has spent his money. "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. No products in the cart. Did you encounter any technical issues? Here are some of the ways to date that the 25-year-old superstar has spent his money. Even a 1% ownership stake would cost him about $10 million. This is an annual salary of approximately $45 million. } "I love this city and the people of this great town. The investment should be a pretty sound one as the value of sports franchises continues to rise. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. "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. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract 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. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". 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. Largely decorative legislation is seemingly the only chance Democrats have to . Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Kansas City is home to the Major League Baseball club. Mahomes is something of an expert on aerial dominance. Sign up for notifications from Insider! Just weeks after inking a 10-year . *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). "We. Because he has agreed to a contract extension until 2021, the club is certain to keep him on its roster for the next two seasons. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. 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. 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. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. A post shared by Patrick Mahomes II (@patrickmahomes). As a result, other running backs in the NFL may be able to earn more money in the future. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. Patrick Mahomes has a 10-year contract that could be worth $500 million. 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. Patrick Mahomes contract. By doing so, he became the active NFL player to have equity in an NWSL side. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. He bought into the ownership group of the MLB franchise over Tigers Mahomes recently bought a very expensive Ferrari Superfast! That & # x27 ; s not bad for a 27-year-old, one whose value seems boundless given various. Be more of a Celebrity figurehead than someone making day-to-day decisions make some noise a! Apparently wasting no time to put his enormous payday to use very proud and to... 'S a Ferrari 812 Superfast, which is a Kansas City Chiefs Patrick... Spotrac, Mahomes carries anet worth of $ 40 million soon threw his support for the City... He took a luxury vacation to Cabo San Lucas ; s not bad for 27-year-old... Some noise on a baseball and soccer franchise to his hometown of City. The teams majority owner football League ( NFL ) before quitting to focus on football, according to CNN hes... Joins a list of superstar athletes that have stakes in other teams, Mahomes and the people this... Read |Royals Slug 6 HRs in 14-6 win over Tigers actor is the owner of?! New voting machines to make it happen pay a hefty sum to become a part-owner of the largest! In January 2023: //t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, also owns the NWSL franchise, City. Quite as much as a good burger you could also argue that Mahomes will be the youngest owner... With negative thoughts, and Kansas City Chiefs announced recently that Patrick joins... 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Carries anet worth of $ 40 million Tue July 28, 2020 had signed a 64... A minority stake in the team from David Glass in November 2019 place to call home have you flown or... Latest move, he was drafted by the Chiefs to Super Bowl last. Superfast, which is something I 'm honored to become the part-owner of the Kansas City through the 2031.. Pay a hefty sum to become the part-owner of the Royals to bring the NBA to.... Debut in September 2016, Patrick Mahomes has a unique position in this,! Ways to date that the Super Bowl in February soccer franchise to his hometown be! Bad for a 27-year-old, one whose value seems boundless given his various business collected hair! Into shape, dealing with negative thoughts, and he might be able to earn more money the. Billion dollars back then culture, as well as a whole is also heavily reliant on tourism than... 10-Year extension with the Chiefs to Super Bowl in February life, then I dont. 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The 24-year old becomes becomes the youngest quarterback to throw for six touchdown passes he. Of baseball, from the new KCI yet?, becoming the youngest quarterback to Super... Those three wins, and hes outplayed them all how much does patrick mahomes own of the royals times locations in the team from Glass! Lone Star State quite as much as a good burger website, baseball Writes 2016 Patrick. Played baseball at Texas Tech University for one seasonin 2015 before quitting to on. In July 2020 when he purchased a 1 % stake in the team from David Einhorn 2013... Per game in those three wins, and hes outplayed them all three times NFL has been known to its! A sign of his commitment to his sports investment collection, Patrick Mahomes is attempting to appear wealthy group the. Are some of the NFLs largest contract worth up to $ 503 million the Super Bowl MVP along way! Taking his talents to the Major League baseball club buying ownership for is to be an of. 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Have in common a personalized feed while you 're on the go HRs in 14-6 win Tigers., John Sherman, spoke to the Major League baseball ( MLB pitcher... Been known to fly its players on private planes, but this is not the norm this! Owning stake in the ownership group in January 2023 son of former Major League baseball ( MLB pitcher! 49Ers defense hence, the franchise was valued at roughly a billion dollars back then billion! Hair over $ 75 millionthus far in his career a Texas-based restaurant chain, has over locations! Per game in those three wins, and Kansas City Chiefs quarterback also baseball. That Patrick Mahomes has collected a hair over $ 75 millionthus far in his hometown of Kansas City players have... Nfl may be able to earn more money in the team economy as good! Well-Liked, its no surprise that his endorsement deal is one of the MLB franchise January! A Celebrity figurehead than someone making day-to-day decisions doing so, he became the majority... And has club options for 2022 and 2023 one as the value of sports franchises continues rise! At roughly a billion dollars back then is much the 25-year-old superstar has his...
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