2. In this article, we will list down all the sporting investments made by the Kansas City quarterback. 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. A Warner Bros. Not only is he a Texas native. During his career, Eli Manning set a league record for career earnings with $252 million. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . He grew up attending Royals games and has said that he wants to be a part of the teams future success. The investment should be a pretty sound one as the value of sports franchises continues to rise. Did you encounter any technical issues? Theres no doubt at all hes the man! He signed a 10-year, $503 million extension with Kansas City Chiefs. becomes the youngest sports owner in history. Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. 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. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". City services include health care, financial services, and technology. Miles has also appeared in commercials for other companies, including State Farm Insurance. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Mahomes capped off the month by. Gambling problem? "I love this city and the people of this great town. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. It hasn't been reported how much of an investment Mahomes made. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. "I love this city and the people of this great town. 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. By clicking Sign up, you agree to receive marketing emails from Insider As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. 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. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. Heres What We Know about Brittany Matthews. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Having signed a ten-year, over US$500. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. 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. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. 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. Here are some of the ways to date that the Chiefs superstar has spent his millions. 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 is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Access your favorite topics in a personalized feed while you're on the go. John Sherman, the Royals' chairman, CEO, and principal owner added: "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. 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. Congratulations! In his first season as a starter in 2018, Mahomes led the Chiefs to their first AFC Championship Game appearance in 25 years, and was named the NFLs Most Valuable Player (MVP). Ewing Kauffman established the franchise in 1967. Copyright 2023 Sporting News Holdings Limited. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. He also won the NFL MVP in 2018. 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. 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. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. Here you'll find information on the game of baseball, from the rules to the history. League sources told ESPN's Adam Schefter that the deal is worth $450 . Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. There is no denying that Patrick Mahomes is a rising star in the NFL. Details surroundingMahomes' stake in the MLB franchise remain sparse. Mahomes also owns part of the Kansas City Royals. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. 2023 CNBC LLC. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. There is a significant amount of economic activity in Kansas City. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Its a partnership that has been in place since before he took over as the starting quarterback for the Kansas City Chiefs, said Airshare CEO John Owen of the relationship with Chiefs quarterback. The 24-year-old was sold to a group led by David Glass for $1 billion. He also has a minority stake in the Kansas City Royals baseball team. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Visit Insider's homepage for more stories. Mahomes is the son of Pat Mahomes, a former major league pitcher. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. The company is currently valued at $700 million. Ownership in the Royals isn't the only spending Mahomes has been doing, either. pursuing BMM from St Xavier's College with his specialization in Advertising. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. That's a lot of zeroes before you even get to his endorsements and investments. Data is a real-time snapshot *Data is delayed at least 15 minutes. The younger Mahomes was also a baseball prospect in his younger days. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. Mahomes, at 24 years old, will be the youngest part owner in sports history. He has been a huge supporter behind-the-scenes. Suresh Menon is an NFL and Football writer at EssentiallySports. The value of almost every individual. Full Spectrum Services LLP 2022 | All Rights Reserved. I love this city and the people of this great town. "I love this city and the people of this great town,". 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 Royals are currently estimated to have a worth of $1.025 billion by Forbes. Updated Quarterback Patrick Mahomes of the Kansas City Chiefs watches the Kansas City Royals take batting practice prior to a game against the New York Yankees at Kauffman Stadium on May 18, 2018 in Kansas City, Missouri. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. 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.". 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. 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. This is an annual salary of approximately $45 million. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. 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. 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. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. https://twitter.com/LRiddickESPN/status/1288170131311525888. The Chiefs QB also joined the team as part of the ownership group. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. Submit a correction suggestion and help us fix it! Seriously, is there anything this man cant do? The quarterback is apparently wasting no time to put his enormous payday to use. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. David Suggs is a content producer at The Sporting News. He can sling passes during the day with his team and then hit up his box at night for Royals games. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. Even purchasing 1 percent of the Royals, assuming Mahomes didnt buy at a lower post-money valuation than the other investors paid, would cost the Chiefs quarterback around $10 million which is a significant outlay for someone who has made slightly more than $13 million over his brief playing career, not including endorsements. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. Access your favorite topics in a personalized feed while you're on the go. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. The 24-year old becomes becomes the youngest sports owner in history. The Kansas City Chiefs quarterback won a Super Bowl in February. Top editors give you the stories you want delivered right to your inbox each weekday. It has already paid major dividends. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. We always knew he'd find his way into baseball. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. } Pat played for several Major League Baseball teams between 1992 and 2003. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Patrick Mahomesis the second highest paid athlete in world sport. A post shared by Patrick Mahomes II (@patrickmahomes). The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. It's been a fantastic year for Patrick Mahomes. He also won the NFL MVP in 2018. "I love this city and the people of this great town. There is also a possibility that once his playing days are over he may want to transition into a bigger role in running the club, as other former athletes like Derek Jeter and Magic Johnson have done. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Mahomes was named the NFL MVP and Offensive Player of the Year. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. July 28th, 2020. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY appreciated. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? All Rights Reserved. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). In addition, hes thrown for over 30,000 yards and 291 touchdown passes. By choosing I Accept, you consent to our use of cookies and other tracking technologies. 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. Give you the stories you want delivered right to your inbox each.., 52 touchdown passes, also owns the NWSL franchise, Kansas City Royals worth: much... History in July 2020 when he purchased a stake in the 2014 Draft... While Mahomes himself played the sport at college for one season in 2015 eye-watering $ 503 million in Kansas Royals! Read |Tigers ' Bullpen Sharp in 4-3 Win over Royals League ( NFL ) Quotes! By David Glass for $ 1 billion at college for one season in 2015 Mahomes looked for to! 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