Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. 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. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. Theres no doubt at all hes the man! Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. @NWSL team next? Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. The Detroit Tigers drafted him in 2014, though he never played for them. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. 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. 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. 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. The younger Mahomes was also a baseball prospect in his younger days. } While this measure will almost certainly die in the Patrick Mahomes II Kansas City 2X MVP Super Bowl LVII Signature shirt also I will do this Senateas much good legislation doesit's still Democrats last chance to save reproductive rights on a federal level. The investment should be a pretty sound one as the value of sports franchises continues to rise. Submit a correction suggestion and help us fix it! #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- 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. Not only is he a Texas native. Whatcha think @PatrickMahomes ? 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 has joined the ownership group for the Kansas City Royals. Details surroundingMahomes' stake in the MLB franchise remain sparse. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. This is a great move by the Royals. Updated "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. Discovery Company. "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. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. of the new ownership group of the Kansas City Royals. 4:13 PM EDT, Tue July 28, 2020. As of right now, Patrick Mahomes owns 2% of the Royals. 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. Super Bowl Champion. 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. 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. Congratulations! At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Mahomes' net worth is currently estimated to be around $30 million. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. Welcome, @PatrickMahomes, to @MLS! Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. John Sherman, the owner of the Kansas City Royals, currently owns the team. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Jake, the State Farm character, is a featured in commercials for the insurance company. Mahomes, at 24 years old, will be the youngest part owner in sports history. 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. There is a significant amount of economic activity in Kansas City. 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. During his career, Eli Manning set a league record for career earnings with $252 million. 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. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. Visit Insider's homepage for more stories. You could also argue that Mahomes is attempting to appear wealthy. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. 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 led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. Kansas City is home to the Major League Baseball club. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. 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. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. Mahomes isn't the only one in his family to toss some bread to help a local sports team. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. The Super Bowl win is one of the NFLs biggest achievements, and each member of the winning team will receive $150,000 as a result. That's not bad for a 27-year-old, one whose value seems boundless given his various business. He is currently "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. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. He has a net worth of $40 million and is one of the wealthiest people in the world. "We. 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. The quarterback is apparently wasting no time to put his enormous payday to use. Brand deals are one thing, but owning stake in a brand? A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. https://twitter.com/LRiddickESPN/status/1288170131311525888. He found one last month when he bought into the ownership group of the Royals. 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. Largely decorative legislation is seemingly the only chance Democrats have to . 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. 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. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. While Mahomes does not check the score at the first read, Alex Smith does. Email address The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. 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. Im starting to think he might be superhuman. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. Top editors give you the stories you want delivered right to your inbox each weekday. Now, Mahomes is taking his talents to the baseball diamond. "Patrick Mahomes YOU THE BEST #momcar.". As the son of a former MLB player, baseball has always been in Mahomes' DNA. Mahomes should know. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. 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. Who do you think is the new owner of the Kansas City baseball team? But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. Which Whataburger does Mahomes own? He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. Gambling problem? While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. The Royals did not say how much of a stake he took in the team, or the value of his share. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. It hasn't been reported how much of an investment Mahomes made. Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. Juventus is his favorite soccer club and he one day plans to go to Italy and Go @Royals!! "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. 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. 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. Stay up to date with what you want to know. By choosing I Accept, you consent to our use of cookies and other tracking technologies. His salary is modest when compared to some of the leagues top quarterbacks, but his contract contains club options for 2022, 2023, which allow the club plenty of flexibility in terms of his salary. A big reason why is his commitment to getting proper treatment postgame. 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. Suresh Menon is an NFL and Football writer at EssentiallySports. 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.. That brings its perks. Kansas City Royals soon announced the news via a statement released on Tuesday. The source also added that Mahomes has attended at least 12 MLS matches at Childrens Mercy Park, and even led the I Believe chant prior to a 2018 playoff game.. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. Then, in July, he signed a record-setting, , which could be worth up to $503 million. 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. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Major League Soccer's Sporting KC announced Mahomes as a member of their ownership group on Tuesday, marking his second professional sports minority equity stake within the last year (KC Royals). He can sling passes during the day with his team and then hit up his box at night for Royals games. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. He is also known for his flashy lifestyle, which extends beyond his on-field success. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. window.mc4wp.listeners.push( 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. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. As such, Mahomes made sure to throw his bag into something he feels passionate in. Follow David Hookstead on Twitter and Instagram, The Daily Caller | 1775 Eye Street NW | Suite 1150-290 | Washington, DC 20006, A post shared by Patrick Mahomes II (@patrickmahomes). Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. Mahomes has become the newest part owner of MLB's Kansas City Royals, according to a statement from the Royals. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. NFL star Mahomes joins Royals ownership. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. { CNNs Kevin Dotson contributed to this story. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. He established NFL records for most touchdown passes in the first three games of his career. He also has a minority stake in the Kansas City Royals baseball team. We want to hear from you. as well as other partner offers and accept our. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. Heres What We Know about Brittany Matthews. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Pat played for several Major League Baseball teams between 1992 and 2003. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Burger stands. the 25-year-old helped fund the purchase of new voting machines to make it happen. 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. The company is currently valued at $700 million. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. By clicking Sign up, you agree to receive marketing emails from Insider Mahomes is the son of Pat Mahomes, a former major league pitcher. 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 . Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Go @Royals!! After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. Those partners may have their own information they've collected about you. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. 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. He even considered playing baseball instead of football when he was in high school. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Is an NFL and football writer at EssentiallySports LIV champion, Patrick Mahomes has led his City. 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