The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. window.mc4wp = window.mc4wp || { "I'm honoured to become a part-owner of the Kansas City Royals," Patrick Mahomes said in a statement. of the new ownership group of the Kansas City Royals. That's not bad for a 27-year-old, one whose value seems boundless given his various business holdings, as well as the gaudy nature of his contract. The value of almost every individual. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. Full Spectrum Services LLP 2022 | All Rights Reserved. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? Mahomes joins a list of superstar athletes that have stakes in teams from other sports. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. It's fair to say he made the right choice by playing football. } 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. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. The Royals have added some Kansas City royalty to their franchise. Mahomes capped off the month by. Whatcha think @PatrickMahomes ? as well as other partner offers and accept our. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Call 1-800-GAMBLER. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. League sources told ESPN's Adam Schefter that the deal is worth $450 . The Kansas City Chiefs' Super Bowl-winning quarterback can now add Major League Baseball owner to his long list of accolades. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. 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 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. })(); 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. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. CNN Sans & 2016 Cable News Network. But That Won't Be The Case For Long. Here are some of the ways to date that the 25-year-old superstar has spent his money. Chiefs QB Patrick Mahomes just signed a contract extension with the team that is said to be the most lucrative deal in sports history. Even a 1% ownership stake would cost him about $10 million. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. the 25-year-old helped fund the purchase of new voting machines to make it happen. 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. Im starting to think he might be superhuman. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? ); These are all brand ambassador roles and carry a bit more headline value than operational value. The 24-year-old was sold to a group led by David Glass for $1 billion. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. 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. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. No products in the cart. As a professional athlete, few things are as important as recovery. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. 2. 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. This is an annual salary of approximately $45 million. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise, Chairman, CEO and principal ownerJohn Sherman said in the pressrelease. 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. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. He has been a huge supporter behind-the-scenes. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. The Royals are valued at just over $1 billion, according to Forbes. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. Patrick Mahomesis the second highest paid athlete in world sport. 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). This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". 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. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. Sherman has served in the United States Army. Largely decorative legislation is seemingly the only chance Democrats have to . While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. 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. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. "We. 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. Access your favorite topics in a personalized feed while you're on the go. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. No, Patrick Mahomes does not own the Denver Broncos. 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. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. appreciated. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. 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. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. Major League Soccer's Sporting KC announced Mahomes as a member of their ownership group on Tuesday, marking his second professional sports minority equity stake within the last year (KC Royals). @Royals https://t.co/UNhl53mY0u pic.twitter.com/jOAOa22GPQ, Also Read |Royals Slug 6 HRs In 14-6 Win Over Tigers. This is a great move by the Royals. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. He also won the NFL MVP in 2018. 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. 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. 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. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. The portion that he owns has not been disclosed, but it is likely a very small portion. 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. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Congratulations! Mahomes becomes the most popular owner in all of sports. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. 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. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. John Sherman, the owner of the Kansas City Royals, currently owns the team. Sherman has a unique position in this situation, and he might be able to exploit it. Mahomes has stayed fairly healthy over the course of his career. Who do you think is the new owner of the Kansas City baseball team? In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. The NFL has been known to fly its players on private planes, but this is not the norm. Just weeks after inking a 10-year . Speculating the numbers behind the deal. The younger Mahomes was also a baseball prospect in his younger days. becomes the youngest sports owner in history. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. "Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.". He also won the NFL MVP in 2018. 7/28/2020 9:34 AM PT. 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. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. Mahomes is believed to have put $10 million into the Royals. While this measure will almost certainly die in the Patrick Mahomes II Kansas City 2X MVP Super Bowl LVII Signature shirt also I will do this Senateas much good legislation doesit's still Democrats last chance to save reproductive rights on a federal level. 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