This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. joined the team as part of the ownership group. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Mahomes joined the HyperIce team in 2020. There is no denying that Patrick Mahomes is a rising star in the NFL. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. 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. That's a lot of zeroes before you even get to his endorsements and investments. Have you flown to or from the new KCI yet? ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Data is a real-time snapshot *Data is delayed at least 15 minutes. That's not bad for a 27-year-old, one whose value seems boundless given his various business. The Kansas City Chiefs quarterback won a Super Bowl in February. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). 2023 Celebrity Net Worth / All Rights Reserved. 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. pic.twitter.com/9lzODUUpVA. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. @NWSL team next? At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. We want to hear from you. Sara King is accused of . 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. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. of the new ownership group of the Kansas City Royals. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. The Kansas City Chiefs quarterback has a ten-year contract. Welcome, @PatrickMahomes, to @MLS! Top editors give you the stories you want delivered right to your inbox each weekday. Sherman has a unique position in this situation, and he might be able to exploit it. 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. If thats not the definition of living the life, then I simply dont know what is. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. If he hits all his incentives, then . 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. The Kansas City Royals announced Patrick Mahomes addition to their ownership group via social media, officially welcoming him to the organization. He is also known for his flashy lifestyle, which extends beyond his on-field success. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. "I love this city and the people of this great town. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Chiefs quarterback Patrick Mahomes signs most lucrative sports deal in history, agent says. I love this city and the people of this great town. Expect that number to rise in the coming few years. Earlier this month, Mahomes inked a 10-year contract extension with the Chiefs that is expected to be the richest player deal in history, worth up to $503 million. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Because of his services, the Chiefs should pay him a fair salary. 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. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. This is a great move by the Royals. Even a 1% ownership stake would cost him about $10 million. However, the. John Sherman, the owner of the Kansas City Royals, currently owns the team. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. 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). Burger stands. 7/28/2020 9:34 AM PT. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. A Warner Bros. A Division of NBCUniversal. Mahomes capped off the month by. } It has already paid major dividends. 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. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. If Kansas City Chiefs quarterback Patrick Mahomes' love for the city wasn't clear, it was obvious after the quarterback purchased a part of the Kansas City Royals on July 28. Visit Insider's homepage for more stories. By choosing I Accept, you consent to our use of cookies and other tracking technologies. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. 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. 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 . Mahomes, at 24 years old, will be the youngest part owner in sports history. Patrick Mahomesis the second highest paid athlete in world sport. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Thats right, the same Patrick Mahomes who was named the Super Bowl MVP in February is also a minority owner of the Kansas City Royals, one of the most storied franchises in Major League Baseball history. Ewing Kauffman established the franchise in 1967. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. Mahomes asked long-term girlfriend Brittany Matthews to marry him last September on the same day he received his Super Bowl ring. 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. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- Patrick Mahomes can do it all, folks. Details surroundingMahomes' stake in the MLB franchise remain sparse. 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.". NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. TMZ.com. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. The pair's daughter, Sterling Skye, was born in February. Heres What We Know about Brittany Matthews. Sherman has served in the United States Army. 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. Like Stonestreet, Mahomes would be more of a celebrity figurehead than someone making day-to-day decisions. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. Odds & lines subject to change. Which Whataburger does Mahomes own? 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. 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. He even considered playing baseball instead of football when he was in high school. 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. 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. 2. Does Patrick Mahomes Own The Kansas City Royals? Patrick Mahomes is the second highest paid athlete in world sport. "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. } On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. 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. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. 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. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. appreciated. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. He found one last month when he bought into the ownership group of the Royals. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. These are all brand ambassador roles and carry a bit more headline value than operational value. The 24-year old becomes becomes the youngest sports owner in history. Pat played for several Major League Baseball teams between 1992 and 2003. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. window.mc4wp = window.mc4wp || { Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. By clicking Sign up, you agree to receive marketing emails from Insider Mahomes is the son of Pat Mahomes, a former major league pitcher. Kansas City Royals soon announced the news via a statement released on Tuesday. Suresh Menon is an NFL and Football writer at EssentiallySports. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. "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. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. 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 Royals are currently estimated to have a worth of $1.025 billion by Forbes. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US According to Forbes, the franchise was valued at roughly a billion dollars back then. Mahomes' father, Pat, was also a pitcher in the majors for 11 seasons. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. Having signed a ten-year, over US$500. 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. 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. Royals Rumblings - News for February 28, 2023, Royals vs. Guardians Tuesday spring training game thread, Making sense of Nicky Lopezs inexplicable 2021 season, The Royals early season schedule is toughmaybe. Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. 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. The portion that he owns has not been disclosed, but it is likely a very small portion. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. As of right now, Patrick Mahomes owns 2% of the Royals. Congratulations! 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. Top editors give you the stories you want delivered right to your inbox each weekday. } Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. The Kansas City Chiefs quarterback won a Super Bowl in February. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". You could also argue that Mahomes is attempting to appear wealthy. 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. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. With the signing of a long-term contract with the Chiefs, he will have been embedded in Kansas City for the next decade or more. He signed a 10-year, $503 million extension with Kansas City Chiefs. While Mahomes is most well known for throwing touchdown passes, he also has history with baseball.