New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. TMZ.com. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. Because of his services, the Chiefs should pay him a fair salary. Whatcha think @PatrickMahomes ? The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? @ JayCat11. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. 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. Which Whataburger does Mahomes own? He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. As such, Mahomes made sure to throw his bag into something he feels passionate in. Mahomes is the son of Pat Mahomes, a former major league pitcher. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. While Mahomes does not check the score at the first read, Alex Smith does. By clicking Sign up, you agree to receive marketing emails from Insider To learn more or opt-out, read our Cookie Policy. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. If he hits all his incentives, then . window.mc4wp = window.mc4wp || { The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. 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. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. CNNs Kevin Dotson contributed to this story. Juventus is his favorite soccer club and he one day plans to go to Italy and } Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. 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 Royals are valued at just over $1 billion, according to Forbes. Sign up for free newsletters and get more CNBC delivered to your inbox. The 24-year-old was sold to a group led by David Glass for $1 billion. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. City services include health care, financial services, and technology. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. He also won the NFL MVP in 2018. These are all brand ambassador roles and carry a bit more headline value than operational value. Whataburger is a German treat. He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Its unlikely he bought any one owner out (which is why my guess is that he doesnt own much of the team) as the new ownership hasnt even been in place for a year yet, and there may be a lock-up period attached. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. 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. 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. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Patrick Mahomesis the second highest paid athlete in world sport. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. event : evt, Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. He signed a 10-year, $503 million extension with Kansas City Chiefs. 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. Go @Royals!! ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. 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. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. Mahomes has spent his first four NFL seasons in. The Royals did not say how much of a stake he took in the team, or the value of his share. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. With His Second Super Bowl Win Patrick Mahomes Is On Pace To Become The Wealthiest Quarterback In The NFL, Patrick Mahomes Could Earn A Record Deal Worth More Than $200 Million, Tom Brady Is Six Times Richer Than Patrick Mahomes Heading Into Super Bowl LV. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. All Rights Reserved. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. Discovery Company. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. 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. The 24-year-old quarterback recently led the Kansas City Chiefs to victory in Super Bowl LIV, garnering Super Bowl MVP honors in the process, and then . He is also known for his flashy lifestyle, which extends beyond his on-field success. 2. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. It's fair to say he made the right choice by playing football. https://t.co/I3ItyS5CO0, . "I love this city and the people of this great town. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. It's been a fantastic year for Patrick Mahomes. Mahomes is believed to have put $10 million into the Royals. It carries a valuation of over $3 billion. Why did Mr. Narendra Modi buy the property? Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Im starting to think he might be superhuman. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. He grew up attending Royals games and has said that he wants to be a part of the teams future success. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Who do you think is the new owner of the Kansas City baseball team? This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. 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 . He also won the NFL MVP in 2018. 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.. As the son of a former MLB player, baseball has always been in Mahomes' DNA. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Turning off the personalized . This is a great move by the Royals. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. But That Won't Be The Case For Long. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. 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. 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. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. He is the quarterback for the Kansas City Chiefs. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. Stay up to date with what you want to know. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. 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. 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. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. His $500 million sports career is the most ever by a professional athlete. @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. Although it's unclear quite how much Mahomes has invested into the firm, it does seem to be making an impact: the company is planning on opening 30 locations in the Kansas City area by 2027. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. 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. 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. of the new ownership group of the Kansas City Royals. Congratulations! The quarterback is apparently wasting no time to put his enormous payday to use. The Detroit Tigers drafted him in 2014, though he never played for them. 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 led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Sara King is accused of . We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. NFL star Mahomes joins Royals ownership. Weeks after signing the richest contract in sports history a 10-year deal worth up to $503. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Mahomes is something of an expert on aerial dominance. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. 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. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. Patrick Mahomes can do it all, folks. So it's little surprise that he also invested into private jet provider AirShare. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. That's a lot of zeroes before you even get to his endorsements and investments. Patrick Mahomes has a 10-year contract that could be worth $500 million. 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 soon threw his support for the club, joining the franchise's ownership group in January 2023. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. LeBron James is a part owner of soccer powerhouse Liverpool F.C., Russell Wilson is a part owner of the Seattle Sounders F.C., and Serena and Venus Williams are part owners of the Miami Dolphins. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. Odds & lines subject to change. Sign up for notifications from Insider! Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. However, the. League sources told ESPN's Adam Schefter that the deal is worth $450 . Then, in July, he signed a record-setting, , which could be worth up to $503 million. 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. 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. The younger Mahomes was also a baseball prospect in his younger days. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. forms: { It is not only Kansas largest city, but it is also its largest city in terms of population. Ownership in the Royals isn't the only spending Mahomes has been doing, either. Kansas City Royals soon announced the news via a statement released on Tuesday. That's not bad for a 27-year-old, one whose value seems boundless given his various business. The two cities roots, history, and culture are all shared by them. You could also argue that Mahomes is attempting to appear wealthy. 4:13 PM EDT, Tue July 28, 2020. No, Patrick Mahomes does not own the Denver Broncos. Mahomes becomes the most popular owner in all of sports. "I love this city and the people of this great town. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. 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. Patrick Mahomes is having quite the year. Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. The company is currently valued at $700 million. Sherman has served in the United States Army. The 24-year old becomes becomes the youngest sports owner in history. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Just weeks after inking a 10-year . Mahomes' net worth is currently estimated to be around $30 million. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- I love this city and the people of this great town," Mahomes said in a statement. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. That brings its perks. Up until this point in his career, Mahomes has only earned a total of $13 million on the field. becomes the youngest sports owner in history. Visit Insider's homepage for more stories. Ewing Kauffman established the franchise in 1967. 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. Jason Catania. 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Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. 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. He even considered playing baseball instead of football when he was in high school. on: function(evt, cb) { The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. 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. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. 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