Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Having signed a ten-year, over US$500. Submit a correction suggestion and help us fix it! 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. He also has a minority stake in the Kansas City Royals baseball team. 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. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. 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. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. Top editors give you the stories you want delivered right to your inbox each weekday. 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. "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. Mahomes, at 24 years old, will be the youngest part owner in sports history. Go @Royals!! Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. "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. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. You could also argue that Mahomes is attempting to appear wealthy. "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. This is an annual salary of approximately $45 million. League sources told ESPN's Adam Schefter that the deal is worth $450 . MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. The younger Mahomes was also a baseball prospect in his younger days. The 24-year-old was sold to a group led by David Glass for $1 billion. a super-powered SUV that costs around $230,000. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. He played at Texas Tech for one season in 2015 as a relief pitcher before quitting to focus on football, and he was drafted by the Detroit Tigers in the 2014 MLB June Amateur Draft, according to Baseball Reference. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. A Division of NBCUniversal. 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. 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. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. However, with a fairly new stadium and a fanbase known for vociferous support, don't be surprised if SKC thrusts itself up the league table sooner rather than later. 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. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". 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. 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). Heres What We Know about Brittany Matthews. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. 2023 Celebrity Net Worth / All Rights Reserved. } NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Access your favorite topics in a personalized feed while you're on the go. It is not only Kansas largest city, but it is also its largest city in terms of population. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. It hasn't been reported how much of an investment Mahomes made. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. He signed a 10-year, $503 million extension with Kansas City Chiefs. By doing so, he became the active NFL player to have equity in an NWSL side. The company is currently valued at $700 million. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. It has already paid major dividends. "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. CNNs Kevin Dotson contributed to this story. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. He also won the NFL MVP in 2018. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. Kansas City is home to the Major League Baseball club. 2. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. Mahomes isnt buying a stake as an investment in reality. In fiscal year 2011, the private sector generated $26.98 billion in revenue. Access your favorite topics in a personalized feed while you're on the go. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. The NFL has been known to fly its players on private planes, but this is not the norm. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Updated The Kansas City Chiefs quarterback won a Super Bowl in February. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. becomes the youngest sports owner in history. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. Patrick Mahomes has joined the ownership group for the Kansas City Royals. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. 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. The investment should be a pretty sound one as the value of sports franchises continues to rise. pic.twitter.com/02QhQKrAGs, Don Garber (@thesoccerdon) July 27, 2021, Commenting about adding Sporting Kansas City to his collection, Mahomes said, I am grateful for the opportunity to join Sporting Kansas Citys ownership team and strengthen my connection to the fans and the city I love. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. 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. The pair's daughter, Sterling Skye, was born in February. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. forms: { Gambling problem? Seriously, is there anything this man cant do? That's not bad for a 27-year-old, one whose value seems boundless given his various business. Whatcha think @PatrickMahomes ? Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. Top editors give you the stories you want delivered right to your inbox each weekday. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! The Detroit Tigers drafted him in 2014, though he never played for them. 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. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Mahomes capped off the month by. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? NFL running backs are one of the most valuable positions on the field, and two years after signing a record-breaking extension, it appears that the pay ceiling for running backs has yet to be raised. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. 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. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. { NFL star Mahomes joins Royals ownership. 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. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. "I love this city and the people of this great town. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. watch a Juve match live. 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. "I love this city and the people of this great town,". He established NFL records for most touchdown passes in the first three games of his career. No, Patrick Mahomes does not own the Denver Broncos. As of right now, Patrick Mahomes owns 2% of the Royals. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. 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. Mahomes also owns part of the Kansas City Royals. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". 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. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Mahomes has spent his first four NFL seasons in. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. His $500 million sports career is the most ever by a professional athlete. 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. @NWSL team next? * 21+ (19+ CA-ONT) (18+ NH/WY). He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. Not only is he a Texas native. listeners: [], Imagine being an NFL superstar and owning an MLB team. 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. That's not bad for a 27-year-old, one whose value seems boundless given his various business. During his career, Eli Manning set a league record for career earnings with $252 million. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. We want to hear from you. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. https://t.co/I3ItyS5CO0, . The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Have you flown to or from the new KCI yet? Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. 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. 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. 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. Stay up to date with what you want to know. Royals Rumblings - News for February 28, 2023, Royals vs. Guardians Tuesday spring training game thread, Making sense of Nicky Lopezs inexplicable 2021 season, The Royals early season schedule is toughmaybe. Sherman has served in the United States Army. All Rights Reserved. If thats not the definition of living the life, then I simply dont know what is. Still, if Mahomes needed an advance to purchase a larger stake in the team (of say 2-3 percent), he would likely be able to find that in an owner-financed sale in which he would pay it off over time as more of his contract becomes guaranteed. "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 is also investing in businesses around Kansas City. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. 2023 CNBC LLC. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. Why did Mr. Narendra Modi buy the property? According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Get this delivered to your inbox, and more info about our products and services. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. Mahomes is the son of Pat Mahomes, a former major league pitcher. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". 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