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. At Texas Tech where he attended college, Mahomes played both football and baseball until his sophomore year, when he decided to focus on football. The Story Behind Patrick Mahomes Iconic Hairstyle AKA The Mahomes. In September 2020, the Kansas City Chiefs quarterback put pen-to-paper on a 10-year contract worth an eye-watering $503 million. And his fiancee, Brittany Matthews, is part-owner of the KC NWSL women's pro soccer club. The younger Mahomes was also a baseball prospect in his younger days. 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. "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. What he is buying ownership for is to be an ambassador of the Royals, Chiefs, and Kansas City. 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 quarterback is apparently wasting no time to put his enormous payday to use. He even considered playing baseball instead of football when he was in high school. The source also added that Mahomes has attended at least 12 MLS matches at Childrens Mercy Park, and even led the I Believe chant prior to a 2018 playoff game.. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. a super-powered SUV that costs around $230,000. He also won the NFL MVP in 2018. Email address The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. Mahomes is believed to have put $10 million into the Royals. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". Theres no doubt at all hes the man! Mahomes capped off the month by. Now, Mahomes is taking his talents to the baseball diamond. The NFL has been known to fly its players on private planes, but this is not the norm. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. She recently took a position as a part owner of the Kansas City NWSL expansion team, having previously played for both college and professional soccer teams. He found one last month when he bought into the ownership group of the Royals. Burger stands. Welcome to the #Royals family, @PatrickMahomes!#AlwaysRoyal pic.twitter.com/mRJE0sgzMl, Im honored to become a part-owner of the Kansas City Royals. Kansas City Royals soon announced the news via a statement released on Tuesday. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. By clicking Sign up, you agree to receive marketing emails from Insider 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. Whataburger, a Texas-based restaurant chain, has over 2,000 locations in the United States. #AlwaysRoyal https://t.co/CDApf9wejT, The Royals announced the news via a statement released Tuesday. * 21+ (19+ CA-ONT) (18+ NH/WY). The 24-year-old led the Chiefs to Super Bowl glory last season, picking up the Super Bowl MVP along the way. A Division of NBCUniversal. Brand deals are one thing, but owning stake in a brand? Kansas City, Missouri, is an ideal place to call home. Kansas City Chiefs quarterback Patrick Mahomes is officially a part-owner of the Royals. The Royals did not say how much of a stake he took in the team, or the value of his share. That brings its perks. Patrick Mahomes has owned the Chargers defense, the Texans defense, and the 49ers defense. Sporting is a community-oriented club, and I am excited to continue supporting the growth of soccer in Kansas City.. Mahomes' baseball path begins with his dad, also named Pat Mahomes. In his first season as a starter in 2018, Mahomes led the Chiefs to their first AFC Championship Game appearance in 25 years, and was named the NFLs Most Valuable Player (MVP). Copyright 2023 Sporting News Holdings Limited. 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 Lavon Mahomes II (born September 17, 1995) is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). Given that Rodgers is well-liked, its no surprise that his endorsement deal is one of the NFLs largest. 2023 Cable News Network. Mahomes and Durant are among a group of athletes invested in Whoop, a human performance company that makes fitness trackers. 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. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. Those partners may have their own information they've collected about you. City services include health care, financial services, and technology. NFL MVP. On Tuesday, July 28, Mahomes became the part-owner of Major League Baseball franchiseKansas City Royals. He wins a Super Bowl, becomes the highest paid player in league history and now owns part of an MLB team. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Patrick Mahomes is having quite the year. Because of its great schools, excellent healthcare, and excellent work environment, Kansas City is a great place to raise a family. 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. https://t.co/I3ItyS5CO0, . Super Bowl Champion. 2023 Celebrity Net Worth / All Rights Reserved. Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. 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. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. As part of the renovations, the couple built a gym and a custom shoe closet for Mahomes' massive sneaker collection, which features upwards of 180 pairs. ESPN's Louis Riddick tweeted a picture of a ride the freshly paid quarterback just purchased. 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. 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. "I love this city and the people of this great town. Congratulations! According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . We want to hear from you. NFL star Mahomes joins Royals ownership. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. He also has a minority stake in the Kansas City Royals baseball team. There is a significant amount of economic activity in Kansas City. That's a Ferrari 812 Superfast, the newest addition to Mahomes's collection. Get this delivered to your inbox, and more info about our products and services. This is an annual salary of approximately $45 million. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. 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. } Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. His play was nothing short of spectacular, as he threw for over 5,000 yards and 50 touchdowns. The Kansas City Chiefs recently signed Patrick Mahomes to a $503 million, five-year contract extension. League sources told ESPN's Adam Schefter that the deal is worth $450 . The ride starts at $338,000 and contains a V-12 engine with 788 horsepower. The 24-year-old was sold to a group led by David Glass for $1 billion. Their chairman and principal owner, John Sherman, spoke to the press after the announcement. On the season, Mahomes is completing 65 percent of his passes, averaging 297 yards per game against the Broncos. Patrick Mahomes is expected to throw for 5,052 yards, 52 touchdown passes, and 12 picks in 2019. Chiefs QB Patrick Mahomes looked for ways to get involved in baseball other than as a player. 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. That's not bad for a 27-year-old, one whose value seems boundless given his various business holdings, as well as the gaudy nature of his contract. Patrick Mahomes, who won the Super Bowl LIV in 2017, has joined the ownership group of Major League Soccers (MLS) parent company. A Texas-based restaurant chain, has over 2,000 locations in the United States renovating house. Led by David Glass for $ 1 billion City Royals soon announced the news via a released. Its players on private planes, but owning stake in the team, or the value his. 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