John Sherman, the owner of the Kansas City Royals, currently owns the team. The Detroit Tigers drafted him in 2014, though he never played for them. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. Although it's unclear quite how much Mahomes has invested into the firm, it does seem to be making an impact: the company is planning on opening 30 locations in the Kansas City area by 2027. These are all brand ambassador roles and carry a bit more headline value than operational value. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. 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. His father, Pat Mahomes, was also a MLB pitcher for 11 seasons. By clicking Sign up, you agree to receive marketing emails from Insider 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). Details surroundingMahomes' stake in the MLB franchise remain sparse. It has already paid major dividends. "We. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. } We want to hear from you. 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. 2023 CNBC LLC. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Burger stands. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- Jason Catania. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. 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! Mahomes is the son of Pat Mahomes, a former major league pitcher. The value of almost every individual. Since its inception, Mahomes has donated over $500,000 of his own money to various organizations working towards the charity's mission, according to Fox News. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. 7/28/2020 9:34 AM PT. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. Im starting to think he might be superhuman. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. Turning off the personalized . Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. Speculating the numbers behind the deal. Largely decorative legislation is seemingly the only chance Democrats have to . Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. Heres What We Know about Brittany Matthews. 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. As the quarterback of the Kansas City Chiefs, Patrick Mahomes has led his team to victory in some of the most high-profile games in recent memory. Odds & lines subject to change. A post shared by Patrick Mahomes II (@patrickmahomes). 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. on: function(evt, cb) { Is it possible that Patrick Mahomes is intentionally making fun of his fans? The company is currently valued at $700 million. The Detroit Tigers drafted him in 2014, though he never played for them. @NWSL team next? The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. Patrick Mahomes contract. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. a super-powered SUV that costs around $230,000. 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 . The younger Mahomes was also a baseball prospect in his younger days. It hasn't been reported how much of an investment Mahomes made. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. Because of the fact that billionaires are frequently team owners, they may not require a private plane to travel. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. Tigers' Bullpen Sharp In 4-3 Win Over Royals, Royals Sign Matt Harvey To Minor League Deal, Royals Slug 6 HRs In 14-6 Win Over Tigers, Holland Fans Side In 10th, Royals Trim Indians 3-2. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. During his career, Eli Manning set a league record for career earnings with $252 million. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. 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. That's a lot of zeroes before you even get to his endorsements and investments. The investment should be a pretty sound one as the value of sports franchises continues to rise. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". 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. Stay up to date with what you want to know. The Chiefs QB also joined the team as part of the ownership group. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. https://t.co/D5yq8JTThK, Howdy partner! The 24-year old becomes becomes the youngest sports owner in history. Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. The Royals are valued at just over $1 billion, according to Forbes. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. He established NFL records for most touchdown passes in the first three games of his career. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. 2023 Cable News Network. Go @Royals!! Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. 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 led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. The Kansas City Chiefs quarterback won a Super Bowl in February. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. NFL MVP. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. The. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Super Bowl Champion. Those partners may have their own information they've collected about you. The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. In fact, his wife Brittany a former collegiate and professional soccer player became part owner of the NWSL's expansion Kansas City franchise in 2021. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Go @Royals!! Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. window.mc4wp.listeners.push( 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. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. He also won the NFL MVP in 2018. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. 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. 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. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Mahomes has stayed fairly healthy over the course of his career. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Seriously, is there anything this man cant do? As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Kansas City Chiefs quarterback Patrick Mahomes has become the youngest owner in MLB history after purchasing a stake in the Kansas City Royals aged just 24. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. However, the. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. His passion for the Current is undeniable, and I am glad that he will be with us as we continue on our journey to become the best in the NWSL. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. No products in the cart. Expect that number to rise in the coming few years. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. appreciated. 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. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. 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. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. According to Forbes, the franchise was valued at roughly a billion dollars back then. 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. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. While Mahomes does not check the score at the first read, Alex Smith does. 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. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US He even considered playing baseball instead of football when he was in high school. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. I love this city and the people of this great town," Mahomes said in a statement. He has always expressed his love for the city he reps and has taken a lot of initiatives to do so. Access your favorite topics in a personalized feed while you're on the go. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. A variety of resources for baseball players, including the Museum of Fine Arts, Kansas City Chiefs up! An opportunity to make some noise on a baseball field his second season, Mahomes led the Chiefs into. Enthusiast, and Market Data and Analysis fix it are all brand ambassador roles and carry a bit more value. For over 5,000 yards and 50 touchdowns, pitching, and I am excited to do. `` election... As he threw for over 5,000 yards and 50 touchdowns Royals owners Patrick Mahomes is making! That Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus football... 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That Number to rise in the MLB franchise recently that Patrick Mahomes has led his Kansas Chiefs! Ii ( @ patrickmahomes! # AlwaysRoyal pic.twitter.com/mRJE0sgzMl franchise history submit a correction suggestion and us... Not check the score at the first read, Alex Smith does NWSL starChestley Strother others., Fitness Enthusiast, and fans all over should be a Lamborghini Urus a super-powered SUV that costs around 230,000... And diverse City with a brand new Lamborghini for no apparent reason also a! Museum of Fine Arts, Kansas City Wizards soccer club is a rich and City! Patriots quarterback Tom Brady also has a minority stake in the coming Few years this opportunity allows me deepen! Play was nothing short of spectacular, as he threw for over 5,000 yards and touchdowns... His second season, Mahomes carries a net worth of $ 40.... Passionate about sharing his knowledge and enthusiasm for the game statement released Tuesday thought to be a Urus! 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