Speculating the numbers behind the deal. 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. CNNs Kevin Dotson contributed to this story. } Whataburger is partnering with Kansas City Chiefs quarterback Patrick Mahomes to open the first Whataburger restaurant in his hometown. He found one last month when he bought into the ownership group of the Royals. Patrick Mahomes joins Royals ownership group, Royals Rumblings - News for March 1, 2023. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. What do Patrick Mahomes and Kevin Durant have in common? A 10-year-old will have plenty of chances to watch her father play as he continues to excel in the game. In fiscal year 2011, the private sector generated $26.98 billion in revenue. the 25-year-old helped fund the purchase of new voting machines to make it happen. The elder Mahomes pitched in more than 300 baseball games, primarily as a reliever. Having signed a ten-year, over US$500. The portion that he owns has not been disclosed, but it is likely a very small portion. Patrick Mahomes Net Worth (updated 2022) is estimated to be around $150 million. He owns a 1% stake in Major League Baseball's Kansas City Royals, which has an estimated value of $12 million, according to Sportico.. After making NFL history, Kansas City Chiefs quarterback Patrick Mahomes made some in MLB, too. 7/28/2020 9:34 AM PT. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. While franchise values have increased annually, even a doubling of his ownership isnt going to be a financial boom for him. Patrick Mahomes 'left some on the table' on his recent mega-extension so his teammate could sign an $85 million contract, Patrick Mahomes beat Post Malone in beer pong so bad the singer got a tattoo of the quarterback's autograph, Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more, Patrick Mahomes signed a $503 million deal and even LeBron James is asking for a loan. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. A high-flying LA Attorney accused of scamming $10.2 million from an investor is also accused of swindling a surgeon and her husband out of their $410,000 life savings. The NFL has been known to fly its players on private planes, but this is not the norm. NFL MVP. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. 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. Mahomes has been described as a prolific passer who possesses a great arm and unbelievable touch. There is a significant amount of economic activity in Kansas City. Jason Catania. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do.". As of 2019, he has established his foundation 15 and the Mahomies, both of which are dedicated to improving the lives of children. His $500 million sports career is the most ever by a professional athlete. Earlier this month, Mahomes inked a 10-year contract extension with the Chiefs that is expected to be the richest player deal in history, worth up to $503 million. The citys economy as a whole is also heavily reliant on tourism. Copyright 2023 Sporting News Holdings Limited. 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. Mahomes, at 24 years old, will be the youngest part owner in sports history. He can sling passes during the day with his team and then hit up his box at night for Royals games. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Per Spotrac, Mahomes has collected a hair over $75 millionthus far in his career. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl. Also Read |Holland Fans Side In 10th, Royals Trim Indians 3-2. This opportunity allows me to deepen my roots in this community, which is something I'm excited to do. He also has a minority stake in the Kansas City Royals baseball team. The star quarterback also has a wide portfolio of endorsement deals that includes: Adidas, Bose,Coca-Cola, State Farm and many others. 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. On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Mahomes' baseball path begins with his dad, also named Pat Mahomes. becomes the youngest sports owner in history. Its easy to see why Kansas Citys history is so intertwined with that of Kansas City. forms: { Mahomes has also been named to five Pro Bowls, which is quite the achievement in and of itself. 2023 Cable News Network. Seriously, is there anything this man cant do? Sherman has a unique position in this situation, and he might be able to exploit it. The pair's daughter, Sterling Skye, was born in February. Based on the current valuation, acquiring as little as 1% of the team should cost the quarterback over $10 million. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. Here you'll find information on the game of baseball, from the rules to the history. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Kansas City Royals soon announced the news via a statement released on Tuesday. Mahomes should know. watch a Juve match live. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. 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. 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). Since arriving in Missouri in 2017, Mahomes has been committed to the city's communities, launching his own '15 and the Mahomies' foundation in 2019. Mahomes' net worth is currently estimated to be around $30 million. Suresh Menon is an NFL and Football writer at EssentiallySports. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. As such, Mahomes made sure to throw his bag into something he feels passionate in. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. as well as other partner offers and accept our. (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. Chiefs president Mark Donovan said the 25-year-old helped fund the purchase of new voting machines to make it happen. The younger Mahomes was also a baseball prospect in his younger days. pic.twitter.com/9lzODUUpVA. Along came HyperIce, a recovery and performance technology brand affiliated with global stars like Ja Morant, Naomi Osaka and Amanda Nunes. The MLS club is currently valued at $550 million and brings in over $45 million in revenue during a typical, non-pandemic year. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. ", MORE:Patrick Mahomes' family tree: Meet the Chiefs QB's wife Brittany, brother Jackson, parents & kids. Pat played for several Major League Baseball teams between 1992 and 2003. By clicking Sign up, you agree to receive marketing emails from Insider The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. The 24-year-old was sold to a group led by David Glass for $1 billion. Whatcha think @PatrickMahomes ? 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. Kansas City is home to the Major League Baseball club. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Patrick Mahomes led the Chiefs back from a 10 point fourth quarter deficit, driving them for a game-winning drive late in the fourth quarter. Juventus is his favorite soccer club and he one day plans to go to Italy and The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. Patrick Mahomes, a member of the Kansas City Royals ownership group, has been appointed, the team announced on Tuesday. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Launched in 2019, "15 and the Mahomies" is a charity that "is"dedicated to improving the lives of children" through "initiatives that focus on health, wellness, communities in need of resources and other charitable causes.". "I love this city and the people of this great town. After playing college football for Texas Tech University, he was drafted by the Chiefs in the first round of the 2017 NFL Draft. At 10780 Parallel Parkway, near the Legends shopping center in Kansas City, Kansas, a custom mural, a Patrick Mahomes jersey, and a plaque #15 commemorate this restaurant. 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. In addition, hes thrown for over 30,000 yards and 291 touchdown passes. League sources told ESPN's Adam Schefter that the deal is worth $450 . The Royals have added some Kansas City royalty to their franchise. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. However, it is estimated the Chiefs star parted with quite a hefty sum in order to become a part-owner of the team. Access your favorite topics in a personalized feed while you're on the go. He grew up attending Royals games and has said that he wants to be a part of the teams future success. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. He signed a 10-year, $503 million extension with Kansas City Chiefs. After adding a baseball and soccer franchise to his sports investment collection, Patrick Mahomes wants to bring the NBA to Kansas. The Detroit Tigers drafted him in 2014, though he never played for them. Got a confidential news tip? Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. When Patrick was born in 1995, his dad was finishing up his fourth season as a pitcher for the Twins. Sara King is accused of . 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. Whataburger will open two new restaurants in Platte County in 2023. 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). It hasn't been reported how much of an investment Mahomes made. CNN Sans & 2016 Cable News Network. New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Top editors give you the stories you want delivered right to your inbox each weekday. All Rights Reserved. Signing him is a huge coup for Kansas City, and fans all over should be excited about watching him play. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. Who do you think is the new owner of the Kansas City baseball team? A Warner Bros. 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. Collection, Patrick Mahomes and Kevin Durant have in common after the announcement contract. Ten-Year contract worth an eye-watering $ 503 million father play as he continues to excel in the Kansas Chiefs. Is there anything this man cant do sports history topics in a personalized feed while you 're the! ; Net worth ( updated 2022 ) is estimated to be around 30. An NFL and football writer at EssentiallySports in this community, which is quite achievement! 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