"I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. 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. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. Welcome, @PatrickMahomes, to @MLS! 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. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. Sherman has a unique position in this situation, and he might be able to exploit it. Im delighted to welcome Patrick as a partner in this ownership group, said John Sherman, chairman, CEO, and principal owner of the Royals in a statement. Updated He also won the NFL MVP in 2018. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The Royals are valued at just over $1 billion, according to Forbes. All Rights Reserved. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. City services include health care, financial services, and technology. 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. 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. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. 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. It's fair to say he made the right choice by playing football. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. listeners: [], Get this delivered to your inbox, and more info about our products and services. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. 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). 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. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. Speculating the numbers behind the deal. It's been a fantastic year for Patrick Mahomes. 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. Pat played for several Major League Baseball teams between 1992 and 2003. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. "We. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Patrick Mahomes can do it all, folks. Theres no doubt at all hes the man! Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. And now the newest member of the @SportingKC ownership group! the 25-year-old helped fund the purchase of new voting machines to make it happen. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Patrick Mahomes has joined the ownership group for the Kansas City Royals. He has a net worth of $40 million and is one of the wealthiest people in the world. Mahomes' net worth is currently estimated to be around $30 million. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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. "I love this city and the people of this great town. Patrick Mahomes has joined the ownership group for the Kansas City Royals. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. The Kansas City Chiefs quarterback won a Super Bowl in February. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. Terms at draftkings.com/sportsbook. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. Did you encounter any technical issues? } Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. The younger Mahomes was also a baseball prospect in his younger days. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. Kansas City Chiefs quarterback Patrick Mahomes has purchased a share of the Kansas City Royals, making himself the youngest part-owner in sports history and a two-sport Kansas City star. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. 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. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. A Warner Bros. No products in the cart. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. The Royals did not say how much of a stake he took in the team, or the value of his share. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Mahomes capped off the month by. Patrick Mahomes -- the star quarterback of the Kansas City Chiefs and reigning Super Bowl Most Valuable Player -- now is part owner of the Royals, the franchise announced Tuesday. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. 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 value of almost every individual. Mahomes is something of an expert on aerial dominance. @NWSL team next? (function() { He already owns a stake in the Kansas City Royals in Major League Baseball, and his fiance, Brittany Matthews, also owns a stake in the Kansas City Wizards in the National Womens Soccer League. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. During road games, two private jets ferry players around the stadium. Suresh Menon is an NFL and Football writer at EssentiallySports. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. I cant wait to see what he does next. Here are some of the ways to date that the 25-year-old superstar has spent his money. Whataburger will open two new restaurants in Platte County in 2023. Kansas City Royals soon announced the news via a statement released on Tuesday. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. A post shared by Patrick Mahomes II (@patrickmahomes). In fact, the day after his son was born, the elder Mahomes picked up the save after throwing 3 1/3 shutout innings against the Royals. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). If he hits all his incentives, then . Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US According to Forbes, the franchise was valued at roughly a billion dollars back then. You could also argue that Mahomes is attempting to appear wealthy. 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. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. That brings its perks. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. 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. So it's little surprise that he also invested into private jet provider AirShare. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. Go @Royals!! 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. It hasn't been reported how much of an investment Mahomes made. Discovery Company. Patrick Mahomes contract. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Brand deals are one thing, but owning stake in a brand? This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Jake, the State Farm character, is a featured in commercials for the insurance company. 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. Stay up to date with what you want to know. Its cool to be able to say I own part of a sports team and celebrity ownership of franchises is a storied history that includes owners like Jay-Z (who owned less than 1 percent of the Brooklyn Nets), Jennifer Lopez and then husband Marc Anthony (unreported amount of the Miami Dolphins), Bill Maher (who at one pint owned 1-4% of the Mets), Justin Timberlake (Memphis Grizzlies), Will Smith (Philadelphia 76ers), and others. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. } 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. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. The Detroit Tigers drafted him in 2014, though he never played for them. Im starting to think he might be superhuman. Expect that number to rise in the coming few years. a super-powered SUV that costs around $230,000. 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 youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. @ JayCat11. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. As a result, other running backs in the NFL may be able to earn more money in the future. Submit a correction suggestion and help us fix it! becomes the youngest sports owner in history. 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. Gambling problem? Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Patrick Mahomesis the second highest paid athlete in world sport. The portion that he owns has not been disclosed, but it is likely a very small portion. 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. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. 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. 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. watch a Juve match live. As of right now, Patrick Mahomes owns 2% of the Royals. Got a confidential news tip? New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. I love this city and the people of this great town. However, the. Then, in July, he signed a record-setting, , which could be worth up to $503 million. This opportunity allows me to deepen my roots in this community, which is something Im excited to do., Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. 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. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. 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. Because of the fact that billionaires are frequently team owners, they may not require a private plane to travel. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. Super Bowl Champion. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. It carries a valuation of over $3 billion. It has already paid major dividends. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. 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. Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. 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. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? 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