Fresh off the back of signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million, Patrick Mahomes has now become the youngest team owner in MLB history after purchasing a stake in the Kansas City Royals at the age of 24. The Kansas City Chiefs quarterback won a Super Bowl in February. Discovery Company. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. In 2017, the Kansas City Chiefs selected Patrick Mahomes, a quarterback, with the 10th overall pick. "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. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. She and the Longs have done an incredible job building a world-class organization and I am excited to join another championship-caliber club as it continues to make history. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. July 28th, 2020. Mahomes capped off the month by. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. 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. As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. According to Forbes, the franchise was valued at roughly a billion dollars back then. Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. appreciated. He has been writing about the sport for over five years and is passionate about sharing his knowledge and enthusiasm for the game. Patrick Mahomesis the second highest paid athlete in world sport. 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. Patrick Mahomes can do it all, folks. Whatcha think @PatrickMahomes ? 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 love this city and the people of this great town. Visit Insider's homepage for more stories. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. Patricks father, Patrick, Sr., played in Major League Baseball for 11 seasons, the last six with the Texas Rangers. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. 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. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. 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. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. 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. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. Patrick Mahomes has joined the ownership group for the Kansas City Royals. Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. TMZ.com. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. The pair's daughter, Sterling Skye, was born in February. Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Mahomes Jr. was reportedly even drafted byDetroit Tigers in the 2014 MLBAmateur Draft before he opted to make his career in the NFL instead. Sara King is accused of . 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. Those partners may have their own information they've collected about you. 0; Home; TRACK MY ORDER; VALENTINE'S DAY; WOMEN'S DAY Be it helping Texas Tech to reach a wider audience by striking a marketing alliance with Kansas City Chiefs or being a stakeholder in Kansas City Royals baseball team, the Texas Tech Raiders alumni has always given his all on and off the field. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. Access your favorite topics in a personalized feed while you're on the go. Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. Pat Mahomes owns a number of businesses, including a clothing line, a production company, and a record label. We also offer a variety of resources for baseball players, including tips on hitting, pitching, and fielding. 4:13 PM EDT, Tue July 28, 2020. Access your favorite topics in a personalized feed while you're on the go. Kansas City Chiefs quarterback Patrick Mahomes has purchased a share of the Kansas City Royals, making himself the youngest part-owner in sports history and a two-sport Kansas City star. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. 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. 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. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. The portion that he owns has not been disclosed, but it is likely a very small portion. He signed a 10-year, $503 million extension with Kansas City Chiefs. 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. 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. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. Whataburger will open two new restaurants in Platte County in 2023. All Rights Reserved. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. Details surroundingMahomes' stake in the MLB franchise remain sparse. Your effort and contribution in providing this feedback is much New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. Mahomes is the Chiefs starting quarterback, and has led the team to two consecutive AFC Championship games. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. The fancy reveal, which took place last October, featured hundreds of balloons, worded lights, and matching "Baby Daddy" and "Baby Momma" shirts for Mahomes and Matthews. A post shared by Patrick Mahomes II (@patrickmahomes). That's one way to cement your ties to the community. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Then, in July, he signed a record-setting, , which could be worth up to $503 million. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. 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. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. } 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. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. 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 . In addition, he is the youngest quarterback to throw for six touchdown passes in a game. 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