To learn more or opt-out, read our Cookie Policy. NFL MVP. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. A Warner Bros. 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. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. During road games, two private jets ferry players around the stadium. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. https://t.co/I3ItyS5CO0, . Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. This is the online home for all things baseball. That's a lot of zeroes before you even get to his endorsements and investments. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. By doing so, he became the active NFL player to have equity in an NWSL side. We always knew he'd find his way into baseball. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Patrick Mahomes is the second highest paid athlete in world sport. as well as other partner offers and accept our. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. 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. window.mc4wp = window.mc4wp || { 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. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. Speculating the numbers behind the deal. This is a great move by the Royals. TMZ.com. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Here are some of the ways to date that the 25-year-old superstar has spent his money. 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. It hasn't been reported how much of an investment Mahomes made. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. 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. Sherman has served in the United States Army. John Sherman, the owner of the Kansas City Royals, currently owns the team. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. That's one way to cement your ties to the community. The portion that he owns has not been disclosed, but it is likely a very small portion. window.mc4wp.listeners.push( Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. The Kansas City Chiefs quarterback won a Super Bowl in February. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. 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. of the new ownership group of the Kansas City Royals. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Mahomes was named the NFL MVP and Offensive Player of the Year. Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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. Not only is he a Texas native. "I love this city and the people of this great town,". Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. Mahomes is the son of Pat Mahomes, a former major league pitcher. Whataburger will open two new restaurants in Platte County in 2023. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). Updated Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. There is a significant amount of economic activity in Kansas City. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. 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. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. 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.". Patrick Mahomes can do it all, folks. The Detroit Tigers drafted him in 2014, though he never played for them. Well, that's real capital. Commercial flights have replaced traditional charter flights as the primary mode of transportation for NFL players. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. "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 Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. It carries a valuation of over $3 billion. These are all brand ambassador roles and carry a bit more headline value than operational value. The Kansas City Chiefs quarterback has a ten-year contract. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. . Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. Full Spectrum Services LLP 2022 | All Rights Reserved. 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. Mahomes is something of an expert on aerial dominance. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Seriously, is there anything this man cant do? Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. 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. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY By choosing I Accept, you consent to our use of cookies and other tracking technologies. @ JayCat11. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Patrick Mahomes is having quite the year. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. on: function(evt, cb) { In fiscal year 2011, the private sector generated $26.98 billion in revenue. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. { Have you flown to or from the new KCI yet? 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. 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. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. 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. Theres no doubt at all hes the man! Got a confidential news tip? Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Mahomes also owns part of the Kansas City Royals. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. Mahomes should know. Kansas City Royals soon announced the news via a statement released on Tuesday. "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. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. 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. According to Forbes, Mahomes has a net worth of $51.5 million, which is just $600,000 more than Tom Brady, who tops their list of quarterbacks with a net worth of $250 million due to a $30 million per year salary plus the $45 million that he will earn through endorsements. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. The 24-year-old was sold to a group led by David Glass for $1 billion. Who do you think is the new owner of the Kansas City baseball team? The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Jason Catania. This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. becomes the youngest sports owner in history. And although he didn't quite follow in his father Pat's footsteps, he does retain a serious interest in the sport so much so that he purchased a minority stake in his adopted hometown's MLB team in 2020. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. Burger stands. event : evt, 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. 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