Fresh off his record-setting NFL contract, Kansas City Chiefs quarterback Patrick Mahomes is already putting his newfound wealth to use. In this article, we will list down all the sporting investments made by the Kansas City quarterback. < Kansas City Royals worth: How much of the Royals does Patrick Mahomes own? Kansas City Royals worth: Reigning Super Bowl MVP Patrick Mahomes just became the part-owner of the MLB franchise. The Royals have added some Kansas City royalty to their franchise. In just his second season, Mahomes led the Chiefs to a 12-4 record and a berth in the AFC Championship game. Mahomes isn't the only one in his family to toss some bread to help a local sports team. Jason Catania. And now the newest member of the @SportingKC ownership group! His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Go @Royals!! As such, Mahomes made sure to throw his bag into something he feels passionate in. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. 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. Patrick Mahomes contract. 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. 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. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. @ JayCat11. window.mc4wp.listeners.push( "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Patrick Mahomes is the second highest paid athlete in world sport. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. 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. of the new ownership group of the Kansas City Royals. The Royals are currently estimated to have a worth of $1.025 billion by Forbes. He is the quarterback for the Kansas City Chiefs. 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. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. The Kansas City Chiefs quarterback has a ten-year contract. Whataburger is a German treat. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 million. He signed a 10-year, $503 million extension with Kansas City Chiefs. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. Mahomes, at 24 years old, will be the youngest part owner in sports history. It carries a valuation of over $3 billion. Access your favorite topics in a personalized feed while you're on the go. (function() { The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. Ownership in the Royals isn't the only spending Mahomes has been doing, either. appreciated. If he were to see out the entirety of his 10-year extension, however, Mahomes would net$491 millionfrom salary alone. TMZ.com. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. He signed a 10-year, up-to-$503 million contract extension earlier this month, the richest in sports history. By clicking Sign up, you agree to receive marketing emails from Insider The 24-year-old was sold to a group led by David Glass for $1 billion. 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. "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. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. That's a lot of zeroes before you even get to his endorsements and investments. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. Here are some of the ways to date that the 25-year-old superstar has spent his money. He grew up attending Royals games and has said that he wants to be a part of the teams future success. Top editors give you the stories you want delivered right to your inbox each weekday. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. as well as other partner offers and accept our. Largely decorative legislation is seemingly the only chance Democrats have to . Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. "I love this city and the people of this great town. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. Seriously, is there anything this man cant do? Only one NFL team, the New Orleans Saints, flies its athletes on its own aircraft. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. It's fair to say he made the right choice by playing football. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. In fiscal year 2011, the private sector generated $26.98 billion in revenue. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. 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. Patrick Mahomes has joined the ownership group for the Kansas City Royals. 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. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. Sherman has served in the United States Army. NFL player Brandon Copeland on his 'Life 101' class, reaching out to players, Patrick Mahomes' agent on the making of a household name. (RELATED: David Hookstead Is The TrueKingIn TheNorthWhen It Comes To College Football), Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Kansas City Royals (@Royals) July 28, 2020. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. 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. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. Sign up for free newsletters and get more CNBC delivered to your inbox. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. 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. 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 . So it's little surprise that he also invested into private jet provider AirShare. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). He also won the NFL MVP in 2018. Now hell own the Kansas City Royals. NBA star LeBron James is a minority owner Premier League champions Liverpool FC,Russell Wilson is a part-owner of MLS franchiseSeattle Sounders F.C while Kevin Durant recently joined MLS' Philadelphia Union as part-owner. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. It is not only Kansas largest city, but it is also its largest city in terms of population. Patrick Mahomes is an American football player who plays as a quarterback for the Kansas City Chiefs of the National Football League (NFL). We always knew he'd find his way into baseball. Then, in July, he signed a record-setting, , which could be worth up to $503 million. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. Mahomes soon threw his support for the club, joining the franchise's ownership group in January 2023. a super-powered SUV that costs around $230,000. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. Mahomes has also won the NFL MVP award twice, in 2018 and 2019. During road games, two private jets ferry players around the stadium. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. The son of former Major League Baseball (MLB) pitcher Pat Mahomes, he initially played college football and baseball at Texas Tech University.Following his sophomore year, he quit baseball to focus solely on football. 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. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. 7/28/2020 9:34 AM PT. Still, if Mahomes needed an advance to purchase a larger stake in the team (of say 2-3 percent), he would likely be able to find that in an owner-financed sale in which he would pay it off over time as more of his contract becomes guaranteed. "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 reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. Patrick Mahomes is a Kansas City native who has purchased a small minority stake in the team. Whataburger will open two new restaurants in Platte County in 2023. Mahomes has spent his first four NFL seasons in. Mahomes is believed to have put $10 million into the Royals. 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. 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. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. 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. Details surroundingMahomes' stake in the MLB franchise remain sparse. According to Forbes, the franchise was valued at roughly a billion dollars back then. He is also the majority owner of the Kansas City Royals of Major League Baseball (MLB). Does Patrick Mahomes Own The Kansas City Royals? Read on for more on Patrick Mahomes becoming a part-owner of the Kansas City Royals. Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. "We are very . Patrick Mahomesis the second highest paid athlete in world sport. 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. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. Kansas City has many world-renowned museums, including the Museum of Fine Arts, Kansas City Zoo, and Truman Presidential Library. Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. His father, Pat Mahomes, was an pitcher for a number of MLB teams, including theMinnesota Twins, the Boston Red Sox, and the New York Mets, between 1992 and 2003. put pen-to-paper on a 10-year contract worth an eye-watering $503 million. If he hits all his incentives, then . The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. the 25-year-old helped fund the purchase of new voting machines to make it happen. 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. This is the online home for all things baseball. The company is currently valued at $700 million. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. Now, Mahomes is taking his talents to the baseball diamond. 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