"I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. Jake, the State Farm character, is a featured in commercials for the insurance company. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. listeners: [], This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". The investment should be a pretty sound one as the value of sports franchises continues to rise. 2023 Celebrity Net Worth / All Rights Reserved. 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. Patrick Mahomes is having quite the year. Copyright 2023 Sporting News Holdings Limited. 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. 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. 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. Those partners may have their own information they've collected about you. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. While Mahomes does not check the score at the first read, Alex Smith does. During his career, Eli Manning set a league record for career earnings with $252 million. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. Harmon Dobson and Paul Burton opened the first restaurant for the company in Corpus Christi, Texas, in 1950. Congratulations! That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. 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. A Warner Bros. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. 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. "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., Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. "I love this city and the people of this great town. Im honored to become a part owner of the Kansas City Royals, Mahomes said in a statement. joined the team as part of the ownership group. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. It's fair to say he made the right choice by playing football. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. a super-powered SUV that costs around $230,000. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. 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). Juventus is his favorite soccer club and he one day plans to go to Italy and The team has an average winning percentage of 11.9 victories per season over the last five years. 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, Missouri, is an ideal place to call home. Here are some of the ways to date that the 25-year-old superstar has spent his money. Patrick Mahomes -- the star quarterback of the Kansas City Chiefs and reigning Super Bowl Most Valuable Player -- now is part owner of the Royals, the franchise announced Tuesday. According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. Ewing Kauffman established the franchise in 1967. Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Mahomes has become the newest part owner of MLBs Kansas City Royals, according to a statement from the Royals. Patrick Mahomes has joined the ownership group for the Kansas City Royals. It is also a good sign that he is putting his roots down in the community and fully embracing the city. 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. Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. Seriously, is there anything this man cant do? window.mc4wp = window.mc4wp || { NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. @NWSL team next? The younger Mahomes was also a baseball prospect in his younger days. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Ownership in the Royals isn't the only spending Mahomes has been doing, either. A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. 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. "I love this city and the people of this great town. Kansas City is home to the Major League Baseball club. pic.twitter.com/02QhQKrAGs, Don Garber (@thesoccerdon) July 27, 2021, Commenting about adding Sporting Kansas City to his collection, Mahomes said, I am grateful for the opportunity to join Sporting Kansas Citys ownership team and strengthen my connection to the fans and the city I love. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Just weeks after inking a 10-year . The portion that he owns has not been disclosed, but it is likely a very small portion. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. The Detroit Tigers drafted him in 2014, though he never played for them. Theres no doubt at all hes the man! BioSteel, Adidas, Oakley, Head and Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts are among the companies that have endorsed our brand. The group, which purchased the Royals from the late David Glass for $1 billion last fall, is led by local businessman John Sherman and includes a group of over 20 investors with local ties, including entertainer Eric Stonestreet. By clicking Sign up, you agree to receive marketing emails from Insider Discovery Company. When the Super Bowl LIV MVP purchased the Kansas City Royals almost a year ago, he became the teams majority owner. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. Now hell own the Kansas City Royals. Get this delivered to your inbox, and more info about our products and services. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that brought the value of his 12-year contact to as much as $503 million. Access your favorite topics in a personalized feed while you're on the go. Mahomes should know. The Kansas City Chiefs quarterback won a Super Bowl in February. Turning off the personalized . 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). This is the online home for all things baseball. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Mahomes is the son of Pat Mahomes, a former major league pitcher. the 25-year-old helped fund the purchase of new voting machines to make it happen. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. 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. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. We always knew he'd find his way into baseball. So it's little surprise that he also invested into private jet provider AirShare. What do Patrick Mahomes and Kevin Durant have in common? A post shared by Patrick Mahomes II (@patrickmahomes) on Apr 9, 2020 at 1:53pm PDT. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. becomes the youngest sports owner in history. While the NFL lacks a true superstar quarterback, Patrick Mahomes has the potential to be one. Having signed a ten-year, over US$500. appreciated. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. 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. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. The pair's daughter, Sterling Skye, was born in February. window.mc4wp.listeners.push( After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. Have you flown to or from the new KCI yet? Details surroundingMahomes' stake in the MLB franchise remain sparse. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. 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. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. The quarterback is fresh off signing a 10-year contract with the Chiefs that could be worth up to $503 million. By choosing I Accept, you consent to our use of cookies and other tracking technologies. 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. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Sherman has served in the United States Army. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. No products in the cart. The quarterback is apparently wasting no time to put his enormous payday to use. 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. Mahomes' baseball path begins with his dad, also named Pat Mahomes. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. 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. As the son of a former MLB player, baseball has always been in Mahomes' DNA. . Burger stands. League sources told ESPN's Adam Schefter that the deal is worth $450 . According to Forbes, the franchise was valued at roughly a billion dollars back then. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. watch a Juve match live. This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. Im honored to become a part-owner of the Kansas City Royals, I love this city and the people of this great town. Does Patrick Mahomes Own The Kansas City Royals? Submit a correction suggestion and help us fix it! Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. That brings its perks. Since making his NFL debut in September 2016, Patrick Mahomes has played in three of Denvers first nine games. * 21+ (19+ CA-ONT) (18+ NH/WY). 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 would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? "I love this city and the people of this great town,". A Division of NBCUniversal. Who do you think is the new owner of the Kansas City baseball team? 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 . Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. The Royals are giving Mahomes the opportunity to live out his dream of playing professional baseball. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. Visit Insider's homepage for more stories. Why did Mr. Narendra Modi buy the property? } 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. Is it possible that Patrick Mahomes is intentionally making fun of his fans? 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