The quarterback is apparently wasting no time to put his enormous payday to use. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. League sources told ESPN's Adam Schefter that the deal is worth $450 . Mahomes, at 24 years old, will be the youngest part owner in sports history. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. No, Patrick Mahomes does not own the Denver Broncos. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. NFL MVP. The investment should be a pretty sound one as the value of sports franchises continues to rise. He signed a 10-year, $503 million extension with Kansas City Chiefs. 2023 Cable News Network. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. 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. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. (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. Access your favorite topics in a personalized feed while you're on the go. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. 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. Mahomes capped off the month by. Who do you think is the new owner of the Kansas City baseball team? as well as other partner offers and accept our. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. 2023 CNBC LLC. 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. A Division of NBCUniversal. 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. 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. Mahomes isnt buying a stake as an investment in reality. 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.". Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. 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 . window.mc4wp = window.mc4wp || { Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. He can sling passes during the day with his team and then hit up his box at night for Royals games. Patrick Mahomes has a 10-year contract that could be worth $500 million. The team has an average winning percentage of 11.9 victories per season over the last five years. As such, Mahomes made sure to throw his bag into something he feels passionate in. We always knew he'd find his way into baseball. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. Details surroundingMahomes' stake in the MLB franchise remain sparse. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. 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. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. "We. Did you encounter any technical issues? https://t.co/D5yq8JTThK, Howdy partner! It hasn't been reported how much of an investment Mahomes made. Visit Insider's homepage for more stories. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Call 1-800-GAMBLER. He found one last month when he bought into the ownership group of the Royals. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. 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. Brand deals are one thing, but owning stake in a brand? appreciated. The Detroit Tigers drafted him in 2014, though he never played for them. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. The news of Mahomes becoming an owner of an MLB franchise was greeted with delight by the rest of the sports fraternity: The Tigers were quick to note that they "drafted Mahomes first" -, Ladies and gentlemen, we drafted him first. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. However, the. 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. He established NFL records for most touchdown passes in the first three games of his career. As a professional athlete, few things are as important as recovery. By doing so, he became the active NFL player to have equity in an NWSL side. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. } Get this delivered to your inbox, and more info about our products and services. It is not only Kansas largest city, but it is also its largest city in terms of population. July 28th, 2020. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? 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. Those partners may have their own information they've collected about you. Expect that number to rise in the coming few years. 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. forms: { In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. NBA star LeBron James is a minority owner Premier League champions Liverpool FC,Russell Wilson is a part-owner of MLS franchiseSeattle Sounders F.C while Kevin Durant recently joined MLS' Philadelphia Union as part-owner. If he hits all his incentives, then . 7/28/2020 9:34 AM PT. Mahomes also owns part of the Kansas City Royals. * 21+ (19+ CA-ONT) (18+ NH/WY). Data is a real-time snapshot *Data is delayed at least 15 minutes. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. As a result, other running backs in the NFL may be able to earn more money in the future. Kansas City, Missouri, is an ideal place to call home. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. 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. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. NFL star Mahomes joins Royals ownership. Mahomes is believed to have put $10 million into the Royals. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. 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. John Sherman, the owner of the Kansas City Royals, currently owns the team. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Well, that's real capital. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? TMZ.com. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. Top editors give you the stories you want delivered right to your inbox each weekday. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. In fact, his wife Brittany a former collegiate and professional soccer player became part owner of the NWSL's expansion Kansas City franchise in 2021. 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. As the son of a former MLB player, baseball has always been in Mahomes' DNA. 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.. But That Won't Be The Case For Long. Submit a correction suggestion and help us fix it! The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. Odds & lines subject to change. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. a super-powered SUV that costs around $230,000. The NFL has been known to fly its players on private planes, but this is not the norm. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. 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. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. 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. . "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. Ownership in the Royals isn't the only spending Mahomes has been doing, either. 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). The Kansas City Chiefs quarterback has a ten-year contract. Updated I love this city and the people of this great town. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Whatcha think @PatrickMahomes ? That's not bad for a 27-year-old, one whose value seems boundless given his various business. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. He even considered playing baseball instead of football when he was in high school. CNNs Kevin Dotson contributed to this story. The Chiefs QB also joined the team as part of the ownership group. It is also a good sign that he is putting his roots down in the community and fully embracing the city. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. The. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. In this article, we will list down all the sporting investments made by the Kansas City quarterback. That's one way to cement your ties to the community. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Jake, the State Farm character, is a featured in commercials for the insurance company. He is also known for his flashy lifestyle, which extends beyond his on-field success. 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, 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. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! These are all brand ambassador roles and carry a bit more headline value than operational value. That's a lot of zeroes before you even get to his endorsements and investments. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. Patrick Mahomes is having quite the year. In fiscal year 2011, the private sector generated $26.98 billion in revenue. 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. 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. Injuries cause Royals to seek more outfield depth, The Royals could be adding to the outfield, over 20 investors with local ties, including entertainer Eric Stonestreet, signing a 10-year contract with the Chiefs. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. 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. Speculating the numbers behind the deal. Now hell own the Kansas City Royals. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Mahomes' net worth is currently estimated to be around $30 million. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The portion that he owns has not been disclosed, but it is likely a very small portion. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. event : evt, 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. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Mahomes isn't the only one in his family to toss some bread to help a local sports team. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. Mahomes is the son of Pat Mahomes, a former major league pitcher. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. 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. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. Top editors give you the stories you want delivered right to your inbox each weekday. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. 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. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Theres no doubt at all hes the man! } Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. 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. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. According to Forbes, the franchise was valued at roughly a billion dollars back then. 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. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.. BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. Congratulations! Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. The company is currently valued at $700 million. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. })(); Designed by Elegant Themes | Powered by WordPress, Deadwood On A Baseball Bat: How To Prevent And Recognize Weak Wood On Your Bat, What MLB Scouts Look For In Potential Players, A Guide To Finding The Best Youth Baseball Gloves, How To Rock Your Baseball Cap Look: Styling Tips For Any Outfit, What Tree Are Baseball Bats Made From: Exploring Different Types Of Wood, The Essential Role Of Welting In Baseball Gloves: Securing A Long-Lasting Performance, How To Tighten Baseball Pants For A Perfect Fit, Dropping The Bat In Baseball: Exploring The Rules And Techniques, An Unwelcome Change: Exploring Why Baseball Fans Dislike Alternate Jerseys, Unlocking The Secrets Of Baseball Bats: How Different Types Affect Performance, Exploring The Speed Of Baseball: Factors Records And Strategies For Improvement. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Your effort and contribution in providing this feedback is much The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. There is no denying that Patrick Mahomes is a rising star in the NFL. 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. 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. 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. Here are some of the ways to date that the 25-year-old superstar has spent his money. Patrick Mahomesis the second highest paid athlete in world sport. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US He has been a huge supporter behind-the-scenes. "I love this city and the people of this great town. } The portion that he owns has not been disclosed, but it is likely a very small portion. The 24-year old becomes becomes the youngest sports owner in history. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". 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. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. 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. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals.
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