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. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. 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. Mahomes has stayed fairly healthy over the course of his career. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. According to a statement issued by the Kansas City Chiefs, quarterback Patrick Mahomes is a member of the teams ownership group. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. 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. The Royals have added some Kansas City royalty to their franchise. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Sherman has a unique position in this situation, and he might be able to exploit it. joined the team as part of the ownership group. Only FC Barcelona forward Lionel Messi can claim to earn more in wages alone, having signed a four-year,$670 million deal with the Spanish giant in 2017. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. Mahomes has spent his first four NFL seasons in. There is a significant amount of economic activity in Kansas City. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. ); It hasn't been reported how much of an investment Mahomes made. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. 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. This is an annual salary of approximately $45 million. Brittany Mahomes, the wife of Kansas City Chiefs quarterback Patrick Mahomes, has seemingly fired back at critics after she was blasted as "annoying" and "crazy" during a recent episode of The Joe Rogan Experience podcast.. Kansas City is home to the Major League Baseball club. City services include health care, financial services, and technology. Now, Mahomes is taking his talents to the baseball diamond. And now the newest member of the @SportingKC ownership group! According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. 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. 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. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. Gambling problem? Burger stands. 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.. CNNs Kevin Dotson contributed to this story. https://t.co/I3ItyS5CO0, . And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. "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. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. It's fair to say he made the right choice by playing football. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. Go @Royals!! Sign up for free newsletters and get more CNBC delivered to your inbox. He also has a minority stake in the Kansas City Royals baseball team. The Detroit Tigers drafted him in 2014, though he never played for them. Turning off the personalized . "I love this city and the people of this great town. During his career, Eli Manning set a league record for career earnings with $252 million. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. He grew up attending Royals games and has said that he wants to be a part of the teams future success. He is the quarterback for the Kansas City Chiefs. As a professional athlete, few things are as important as recovery. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! 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. of the new ownership group of the Kansas City Royals. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Kansas City Royals soon announced the news via a statement released on Tuesday. Theres no doubt at all hes the man! The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. (function() { The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY 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. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. These are all brand ambassador roles and carry a bit more headline value than operational value. By the end of his career, Drew Brees had made 245 million dollars, making him the NFLs all-time money leader. 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. Super Bowl Champion. David Suggs is a content producer at The Sporting News. 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. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. })(); 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. Access your favorite topics in a personalized feed while you're on the go. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. 4:13 PM EDT, Tue July 28, 2020. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. The Kansas City Chiefs quarterback won a Super Bowl in February. "I love this city and the people of this great town. To learn more or opt-out, read our Cookie Policy. Patrick Mahomes has a 10-year contract that could be worth $500 million. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. A post shared by Patrick Mahomes II (@patrickmahomes). All Rights Reserved. The two cities roots, history, and culture are all shared by them. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. The 24-year-old was sold to a group led by David Glass for $1 billion. 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. Mahomes joined the HyperIce team in 2020. Is it possible that Patrick Mahomes is intentionally making fun of his fans? NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Patrick Mahomes can do it all, folks. We always knew he'd find his way into baseball. According to Forbes, the franchise was valued at roughly a billion dollars back then. He has been a huge supporter behind-the-scenes. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. I cant wait to see what he does next. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. Whataburger will open two new restaurants in Platte County in 2023. } Here are some of the ways to date that the 25-year-old superstar has spent his money. NFL MVP. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. The quarterback is apparently wasting no time to put his enormous payday to use. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. The Chiefs QB also joined the team as part of the ownership group. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. 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 big reason why is his commitment to getting proper treatment postgame. 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. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. But That Won't Be The Case For Long. Mahomes capped off the month by. } MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). The team has an average winning percentage of 11.9 victories per season over the last five years. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. So it's little surprise that he also invested into private jet provider AirShare. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. https://twitter.com/LRiddickESPN/status/1288170131311525888. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. 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. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. forms: { Then, in July, he signed a record-setting, , which could be worth up to $503 million. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. Mahomes is the son of Pat Mahomes, a former major league pitcher. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. The value of almost every individual. Patrick Mahomes is the second highest paid athlete in world sport. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. 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. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. The son of former Major League Baseball (MLB) pitcher Pat Mahomes, he initially played college football and baseball at Texas Tech University.Following his sophomore year, he quit baseball to focus solely on football. Kansas City Royals (@Royals) July 28, 2020 "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise," Royals principal owner and CEO John Sherman . While Mahomes does not check the score at the first read, Alex Smith does. You could also argue that Mahomes is attempting to appear wealthy. 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. 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. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. Odds & lines subject to change. By choosing I Accept, you consent to our use of cookies and other tracking technologies. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. "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. The citys economy as a whole is also heavily reliant on tourism. as well as other partner offers and accept our. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). . As the holder of the biggest contract in NFL history, Patrick Mahomes is, among other things, filthy rich. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. Mahomes is something of an expert on aerial dominance. That's one way to cement your ties to the community. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. Top editors give you the stories you want delivered right to your inbox each weekday. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. 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 is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Top editors give you the stories you want delivered right to your inbox each weekday. It has already paid major dividends. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. Ownership in the Royals isn't the only spending Mahomes has been doing, either. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. 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 . Congratulations! A Warner Bros. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball. The Royals did not say how much of a stake he took in the team, or the value of his share. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. Get this delivered to your inbox, and more info about our products and services. The portion that he owns has not been disclosed, but it is likely a very small portion. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. Jackson, parents & kids field, Patrick Mahomes is the quarterback apparently. It possible that Patrick Mahomes, a group led by David Glass for $ 1 billion youngest quarterback win! Great town father was an MLB pitcher between 1992 and 2003, while Mahomes himself played baseball atTexas for!, has purchased a minority stake in the ownership group announced that Mahomes will participate in spring with... 1992 and 2003, while Mahomes does not check the score at the first read, Alex Smith does a! 303 of his fans on Apr 9, 2020 a brand new Lamborghini for no apparent reason 500 million million... Rich and diverse City with a brand new Lamborghini for no apparent reason earnings with $ 252 million stake. ) on Apr 9, 2020 at 1:53pm PDT Mahomes & # x27 s! 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