The Chiefs QB also joined the team as part of the ownership group. https://t.co/D5yq8JTThK, Howdy partner! Mahomes is one of the most popular players in the NFL, and his addition will only help to grow the popularity of the team. 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. Patrick Mahomes may only be 25 years old, but he is already the second-highest-paid athlete in world sport. If he hits all his incentives, then . "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. TMZ.com. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Top editors give you the stories you want delivered right to your inbox each weekday. New Seahawks' safety Jamal Adams, actor Eric Stonestreet, NWSL starChestley Strother and others reacted too -, This is Legendary brotha. He established NFL records for most touchdown passes in the first three games of his career. The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. Stay up to date with what you want to know. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. 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. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. In January, Mahomes surprised his Matthews with a brand new Lamborghini for no apparent reason. This helped him become the first-ever North American athlete to rake in a half-a-billion-dollar deal. We want to hear from you. Mahomes has since added some other sporting sides to his repertoire, joining Sporting Kansas City's ownership group in 2021. NFL MVP. No, Patrick Mahomes does not own the Denver Broncos. Theres no doubt at all hes the man! There is a significant amount of economic activity in Kansas City. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. 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. The portion that he owns has not been disclosed, but it is likely a very small portion. The NFL has been known to fly its players on private planes, but this is not the norm. On and off the field, Patrick Mahomes is truly one of the most dominant players in the NFL. And with his winning attitude and superb skills on the field, theres no doubt that he will be a successful owner as well. 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). This opportunity allows me to deepen my roots in this community, which is something Im excited to do., Exactly a year after Mahomes became part owner of KC Royals, he bought ownership of Major League Soccer club Sporting Kansas City. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. ", Also Read |Tigers' Bullpen Sharp In 4-3 Win Over Royals. Sherman has a unique position in this situation, and he might be able to exploit it. This is an annual salary of approximately $45 million. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. What do Patrick Mahomes and Kevin Durant have in common? pursuing BMM from St Xavier's College with his specialization in Advertising. Patrick Mahomes, the Kansas City Chiefs all-star quarterback, has purchased a minority stake in the team. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. "We are very . 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. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. 7/28/2020 9:34 AM PT. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. } The Royals announced that Chiefs quarterback Patrick Mahomes has joined the ownership group. It's fair to say he made the right choice by playing football. CNNs Kevin Dotson contributed to this story. 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. 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. https://twitter.com/LRiddickESPN/status/1288170131311525888. as well as other partner offers and accept our. "I'm honored to become a part owner of the Kansas City Royals," Mahomes said in a statement. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. "I love this city and the people of this great town. All Rights Reserved. The quarterback is apparently wasting no time to put his enormous payday to use. He would had to have purchased his share either through one current owner or multiple owners given up a smaller percentage. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". "I love this city and the people of this great town,". of the new ownership group of the Kansas City Royals. He is also known for his flashy lifestyle, which extends beyond his on-field success. Sherman has served in the United States Army. 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. A Warner Bros. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. Whataburger is a German treat. While this is certainly a tough ask, if there is anyone who can do that, it certainly is Patrick Mahomes! 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. As a professional athlete, few things are as important as recovery. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. The Dobsons owned the chain for much of its history, but it was purchased by a private equity firm and the family still owns a small stake. Does Patrick Mahomes Own The Kansas City Royals? window.mc4wp = window.mc4wp || { That brings its perks. He grew up attending Royals games and has said that he wants to be a part of the teams future success. We always knew he'd find his way into baseball. Here are some of the ways to date that the Chiefs superstar has spent his millions. He also has a minority stake in the Kansas City Royals baseball team. Mahomes has aligned himself with numerous blue-chip brands over the course of his career, including State Farm and Head and Shoulders. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. 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. After signing that mammoth contract $450 million contract extension in 2020, Mahomes made a series of investments in both local and national franchises. Even a 1% ownership stake would cost him about $10 million. Sherman further highlighted Mahomes' roots in baseball which started with his father, Pat Mahomes, who played 11 seasons in MLB as a reliever. By clicking Sign up, you agree to receive marketing emails from Insider In Missouri, Kansas City is the states capital, and it is the states 15th largest city. Sherman and his wife Susie purchased the Royals from David Einhorn in 2013, and Sherman has been their owner ever since. That's not bad for a 27-year-old, one whose value seems boundless given his various business. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. Suresh Menon is an NFL and Football writer at EssentiallySports. Not only is he a Texas native. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. The. The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a. @ JayCat11. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. He looked into the end zone for Sammy Watkins first, then Travis Kelce, and finally Kareem Hunt at the end. According to an ESPN source, Mahomes and the club were in talks for the past 12 months. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. 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. Brittany Mahomes, the wife of Kansas City Chiefs quarterback Patrick Mahomes, has seemingly fired back at critics after she was blasted as "annoying" and "crazy" during a recent episode of The Joe Rogan Experience podcast.. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. The purchase of this minority stake in the Major League Baseball team made Mahomes the youngest part-owner in baseball history. Here are some of the most prominent: Few things represent the Lone Star State quite as much as a good burger. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Now, Mahomes is taking his talents to the baseball diamond. As a result, other running backs in the NFL may be able to earn more money in the future. Mahomes is also investing in businesses around Kansas City. Mahomes should know. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. The actor who portrays Jake in the commercials, Kevin Miles, earns between $10,000 and $15,000 per commercial. MORE:How Joe Burrow vs. Patrick Mahomes compares to Tom Brady vs. Peyton Manning & other rivalries. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Hes averaged 96.9 points per game in those three wins, and hes outplayed them all three times. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. The citys economy as a whole is also heavily reliant on tourism. Well, that's real capital. 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 24-year-old was sold to a group led by David Glass for $1 billion. Mahomes joined the HyperIce team in 2020. 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. Sold to a $ 503 million, five-year contract extension active players to have purchased his either... 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