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. Even a 1% ownership stake would cost him about $10 million. The 24-year-old was sold to a group led by David Glass for $1 billion. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. CNNs Kevin Dotson contributed to this story. The quarterback is the youngest player in the leagues history to win both the NFL and Super Bowl MVP. The value of almost every individual. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Then, in July, he signed a record-setting $450 million contract extension, which could be worth up to $503 million. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. 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. During his career, Eli Manning set a league record for career earnings with $252 million. Then, in July, he signed a record-setting, , which could be worth up to $503 million. 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. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. Later that summer, the couple, alongside a number of Mahomes' teammates and their partners, visited the Turks and Caicos Islands, where they all enjoyeddeep-sea fishing, golf, and riding horses in the ocean, according to The Kansas City Star. The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. 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. Mahomes, who grew up in the Kansas City area, said he is excited and humbled to be a part of the Royals organization. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. } Patrick Mahomes is the king of Kansas City -- the Chiefs superstar is now a part-owner of the Royals, the team announced Tuesday. 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. Including 2020 and 2021, Mahomes' total cash for the extension totals $477.63 million, which averages out to $39.8 million per year. Copyright 2023 Sporting News Holdings Limited. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". John Sherman, the owner of the Kansas City Royals, currently owns the team. We always knew he'd find his way into baseball. The salary of Jake from State Farm is unknown, but it is likely to range between $10,000 and $15,000 per commercial. The portion that he owns has not been disclosed, but it is likely a very small portion. CNN Sans & 2016 Cable News Network. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. Because of his services, the Chiefs should pay him a fair salary. Go @Royals!! I love this city and the people of this great town. 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 . He established NFL records for most touchdown passes in the first three games of his career. 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 NFL has been known to fly its players on private planes, but this is not the norm. Welcome, @PatrickMahomes, to @MLS! He isnt part of the leagues 30 owners, and he appears to be unconcerned about it. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. Those partners may have their own information they've collected about you. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. The MLS club has yet to accomplish much of anything since Mahomes bought a stake. According to Forbes, the franchise was valued at roughly a billion dollars back then. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. "I'm honored to become a part owner of the Kansas City Royals," Mahomes. pic.twitter.com/TmTsqIV9QE, "We are so thrilled to make this a family affair and have Patrick join as an owner, Brittany Mahomes said in a statement. Access your favorite topics in a personalized feed while you're on the go. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. That brings its perks. Stay up to date with what you want to know. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that ties him to Kansas City through the 2031 season. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. LeBron James is a part owner of soccer powerhouse Liverpool F.C., Russell Wilson is a part owner of the Seattle Sounders F.C., and Serena and Venus Williams are part owners of the Miami Dolphins. "I love this city and the people of this great town,". As a professional athlete, few things are as important as recovery. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. 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. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. Kansas City Royals owners Patrick Mahomes and John Sherman Owning a professional sports franchise is one of the most profitable businesses worldwide. forms: { 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. 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. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. July 28th, 2020. Go @Royals!! The 24-year-old quarterback recently led the Kansas City Chiefs to victory in Super Bowl LIV, garnering Super Bowl MVP honors in the process, and then . Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. 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. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. It is also a good sign that he is putting his roots down in the community and fully embracing the city. 2023 CNBC LLC. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise, Chairman, CEO and principal ownerJohn Sherman said in the pressrelease. Sherman is, however, the only Major League Baseball team owner not affiliated with the leagues 30 other clubs. Your effort and contribution in providing this feedback is much Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. 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 is a Kansas City native who has purchased a small minority stake in the team. event : evt, By clicking Sign up, you agree to receive marketing emails from Insider Mahomes has stayed fairly healthy over the course of his career. 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). NFL MVP. Mahomes is something of an expert on aerial dominance. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Whatcha think @PatrickMahomes ? In addition, hes thrown for over 30,000 yards and 291 touchdown passes. Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. The Kansas City Royals announced on Tuesday that Patrick Mahomes has joined their ownership group. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. 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. 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. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. Access your favorite topics in a personalized feed while you're on the go. 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 car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. 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