A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. Gambling problem? That's not bad for a 27-year-old, one whose value seems boundless given his various business. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. https://t.co/D5yq8JTThK, Howdy partner! Welcome, @PatrickMahomes, to @MLS! Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. 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. The 24-year-old was sold to a group led by David Glass for $1 billion. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. 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. The Royals are valued at just over $1 billion, according to Forbes. But That Won't Be The Case For Long. as well as other partner offers and accept our. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. The news of Mahomes becoming an owner of an MLB franchise was greeted with delight by the rest of the sports fraternity: The Tigers were quick to note that they "drafted Mahomes first" -, Ladies and gentlemen, we drafted him first. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . Stay up to date with what you want to know. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Whataburger will open two new restaurants in Platte County in 2023. The. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Theres no doubt at all hes the man! Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. He also won the NFL MVP in 2018. He bought into the team in 2019, and has said that hes a huge fan of the team and the city. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. pic.twitter.com/9lzODUUpVA. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. He is currently If thats not the definition of living the life, then I simply dont know what is. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. Sherman has a unique position in this situation, and he might be able to exploit it. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. John Sherman became the majority owner ofthe franchise last year after he and a reported 20 other investors acquired the teamfrom previous ownerDavid Glass in a deal valued at over $1 billion. I love this city and the people of this great town. 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. Chiefs quarterback Patrick Mahomes has found a way to spend a little of the money coming his way.Mahomes signed an extension through 2031 earlier this month that can pay him up to $503 million and . "Patrick Mahomes YOU THE BEST #momcar.". We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. "I love this city and the people of this great town. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. pursuing BMM from St Xavier's College with his specialization in Advertising. It's fair to say he made the right choice by playing football. We want to hear from you. 2023 CNBC LLC. 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. By clicking Sign up, you agree to receive marketing emails from Insider *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. Updated } Pat played for several Major League Baseball teams between 1992 and 2003. What do Patrick Mahomes and Kevin Durant have in common? Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. https://t.co/I3ItyS5CO0, . That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. 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. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. He also has a minority stake in the Kansas City Royals baseball team. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. As part of the renovations, the couple built a gym and a custom shoe closet for Mahomes' massive sneaker collection, which features upwards of 180 pairs. It's been a fantastic year for Patrick Mahomes. Odds & lines subject to change. 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. } 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. If he hits all his incentives, then . Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. The 24-year-old was sold to a group led by David Glass for $1 billion. The signing of Patrick Mahomes, who is one of the most talented young quarterbacks in the league, is a significant coup for the club. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. Speculating the numbers behind the deal. Visit Insider's homepage for more stories. League sources told ESPN's Adam Schefter that the deal is worth $450 . Patrick Mahomes also released a statement expressing his gratitude and excitement at being a part-owner of the team. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. After winning the Super Bowl in February 2020, Mahomes and Matthews took a luxury vacation to Cabo San Lucas. It is a rich and diverse city with a rich history and culture, as well as a plethora of excellent museums and attractions. 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). listeners: [], Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Patrick Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. In addition, he is the youngest quarterback to throw for six touchdown passes in a game. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. Miles has also appeared in commercials for other companies, including State Farm Insurance. Patrick Mahomes contract. joined the team as part of the ownership group. "I'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. Now hell own the Kansas City Royals. 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. Your effort and contribution in providing this feedback is much The Kansas City Royals announced on Tuesday that Patrick Mahomes is the newestmember of the team's ownership group. 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. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. These are all brand ambassador roles and carry a bit more headline value than operational value. It's a partnership that offers Mahomes plenty of breathing room, allowing him to use private aircraft at his own leisure. Sara King is accused of . The pair's daughter, Sterling Skye, was born in February. In 2021, Mahomes purchased a minority stake in the Kansas City Royals, becoming the youngest principal owner in MLB history. Mahomes, who grew up in Tyler, Texas, is a huge baseball fan. a super-powered SUV that costs around $230,000. It's fair to say he made the right choice by playing football. on: function(evt, cb) { Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). Submit a correction suggestion and help us fix it! As a result, other running backs in the NFL may be able to earn more money in the future. 7/28/2020 9:34 AM PT. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. It hasn't been reported how much of an investment Mahomes made. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. "I love this city and the people of this great town. Get this delivered to your inbox, and more info about our products and services. 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. A Warner Bros. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. 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 . The citys economy as a whole is also heavily reliant on tourism. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Ownership in the Royals isn't the only spending Mahomes has been doing, either. He completed 12 of his 16 passes for 185 yards and two scores, and the Chiefs held a 16 point lead at the half. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! Kansas City is home to the Major League Baseball club. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). put pen-to-paper on a 10-year contract worth an eye-watering $503 million. callback: cb Mahomes, 24, will be the youngest part owner in sports history, and he will be a minority owner. According to Forbes, the franchise was valued at roughly a billion dollars back then. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. the 25-year-old helped fund the purchase of new voting machines to make it happen. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. Have you flown to or from the new KCI yet? If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. event : evt, Suresh Menon is an NFL and Football writer at EssentiallySports. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". Copyright 2023 Sporting News Holdings Limited. He has been a huge supporter behind-the-scenes. Airshare provides Kansas City Chiefs quarterback Alex Smith with a private jet. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. 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. 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. Burger stands. No, Patrick Mahomes does not own the Denver Broncos. The Kansas City Chiefs quarterback has a ten-year contract. CNN Sans & 2016 Cable News Network. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. 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 portion that he owns has not been disclosed, but it is likely a very small portion. "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. 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