"I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. The Detroit Tigers drafted him in 2014, though he never played for them. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. It's fair to say he made the right choice by playing football. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. The quarterback is apparently wasting no time to put his enormous payday to use. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Mahomes is something of an expert on aerial dominance. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? 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. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. 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.". TMZ.com. Gambling problem? The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. A big reason why is his commitment to getting proper treatment postgame. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. The 24-year old becomes becomes the youngest sports owner in history. And now the newest member of the @SportingKC ownership group! He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. 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. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. The value of almost every individual. Whataburger will open two new restaurants in Platte County in 2023. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. Earlier this month, Mahomes inked a 10-year contract extension with the Chiefs that is expected to be the richest player deal in history, worth up to $503 million. That brings its perks. Full Spectrum Services LLP 2022 | All Rights Reserved. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. https://twitter.com/LRiddickESPN/status/1288170131311525888. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. 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 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. 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. Which Whataburger does Mahomes own? 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. What do Patrick Mahomes and Kevin Durant have in common? } Get this delivered to your inbox, and more info about our products and services. As a result, other running backs in the NFL may be able to earn more money in the future. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. } Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. During his career, Eli Manning set a league record for career earnings with $252 million. https://t.co/I3ItyS5CO0, . 2023 Cable News Network. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. 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. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. Sara King is accused of . 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. The younger Mahomes was also a baseball prospect in his younger days. Imagine being an NFL superstar and owning an MLB team. The two cities roots, history, and culture are all shared by them. Top editors give you the stories you want delivered right to your inbox each weekday. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Since its inception, Mahomes has donated over $500,000 of his own money to various organizations working towards the charity's mission, according to Fox News. 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. With the signing of a long-term contract with the Chiefs, he will have been embedded in Kansas City for the next decade or more. Well, that's real capital. Sign up for notifications from Insider! If thats not the definition of living the life, then I simply dont know what is. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. Sherman has served in the United States Army. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. 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. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. "I love this city and the people of this great town,". * 21+ (19+ CA-ONT) (18+ NH/WY). According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. a super-powered SUV that costs around $230,000. Ownership in the Royals isn't the only spending Mahomes has been doing, either. It hasn't been reported how much of an investment Mahomes made. 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. Go @Royals!! In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. The portion that he owns has not been disclosed, but it is likely a very small portion. By doing so, he became the active NFL player to have equity in an NWSL side. League sources told ESPN's Adam Schefter that the deal is worth $450 . He bought into the team in 2019, and has said that hes a huge fan of the team and the city. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Suresh Menon is an NFL and Football writer at EssentiallySports. })(); 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 will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. 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. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. The Royals are valued at just over $1 billion, according to Forbes. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise 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. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. "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. Email address Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. 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). Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. Because of the fact that billionaires are frequently team owners, they may not require a private plane to travel. the 25-year-old helped fund the purchase of new voting machines to make it happen. The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. Patrick Mahomes, Super Bowl Sweatshirt, Unisex T-shirt, Game Day Shirt ThriftyandStuff . "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. That's one way to cement your ties to the community. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Here are some of the ways to date that the 25-year-old superstar has spent his money. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.. 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. 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. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. 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. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. It's fair to say he made the right choice by playing football. 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. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. 7/28/2020 9:34 AM PT. Stay up to date with what you want to know. This is an annual salary of approximately $45 million. These are all brand ambassador roles and carry a bit more headline value than operational value. 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. Aside from a vibrant arts and entertainment scene, there are several other venues in the area, including the Kauffman Center for the Performing Arts, the Nelson-Atkins Museum of Art, and the Sprint Center. The company is currently valued at $700 million. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Patrick Mahomes contract. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. window.mc4wp = window.mc4wp || { Go @Royals!! This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". In this article, we will list down all the sporting investments made by the Kansas City quarterback. Jason Catania. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. The Kansas City Chiefs quarterback has a ten-year contract. He also has a minority stake in the Kansas City Royals baseball team. Top editors give you the stories you want delivered right to your inbox each weekday. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. Miles has also appeared in commercials for other companies, including State Farm Insurance. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. The. (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. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. https://t.co/D5yq8JTThK, Howdy partner! Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. However, the. "We. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. A 4.8-second 40-yard dash at the NFL ever since the Kansas City Chiefs quarterback Patrick,! As 1 % of the Kansas City Royals have announced that Mahomes will participate in spring training with the that. 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