The Philanthropy15 and the Mahomies Foundation6, as well as additional rows of endorsements, are expected to bring in $7 million in 2015. But he's also purchased some serious stock in Whataburger, the Texas-based fast food restaurant that specializes in burgers and fries. Christian McCaffrey, the Carolina Panthers all-time leading run-back, signed a $64 million extension in 2018. 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. Entrepreneur and Cleveland Indians minority owner John Sherman purchased the team from David Glass in November 2019. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. 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. He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. The Royals announced Tuesday that the Super Bowl champion has joined the ownership group of the MLB franchise. NFL MVP. forms: { 7/28/2020 9:34 AM PT. However, the franchise was purchased for $1 billion last year, so Mahomes likely had to pay a considerable amount to get involved. Theres no doubt at all hes the man! Mahomes, 24, became the youngest quarterback to win Super Bowl MVP in February. The two cities roots, history, and culture are all shared by them. But with this latest move, he'll still have an opportunity to make some noise on a baseball field. a super-powered SUV that costs around $230,000. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Updated The pair's daughter, Sterling Skye, was born in February. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Mahomes' baseball path begins with his dad, also named Pat Mahomes. But That Won't Be The Case For Long. 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 . Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). "We are very . Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. 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). Go @Royals!! I love this city and the people of this great town. Patrick Mahomes is having quite the year. Soccer Star, Fitness Enthusiast, and Patrick Mahomes Number One Supporter- Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. Mahomes is the son of Pat Mahomes, a former major league pitcher. Terms at draftkings.com/sportsbook. Mahomes, at 24 years old, will be the youngest part owner in sports history. Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). This is a great move by the Royals. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. Sherman, in addition to owning the only MLB team without a membership in the league, is the sole owner of any other Major League Baseball franchise. Whataburger will open two new restaurants in Platte County in 2023. He already owns a stake in the Kansas City Royals in Major League Baseball, and his fiance, Brittany Matthews, also owns a stake in the Kansas City Wizards in the National Womens Soccer League. Data is a real-time snapshot *Data is delayed at least 15 minutes. NOW WATCH: Danica Patrick on getting into shape, dealing with negative thoughts, and more. Mahomes father was an MLB pitcher between 1992 and 2003, while Mahomes himself played the sport at college for one season in 2015. Unlike MLB deals, NFL contracts arent fully guaranteed, so Mahomes cant quite start spending like he has earned his entire half a billion dollar contract. 2023 Celebrity Net Worth / All Rights Reserved. League sources told ESPN's Adam Schefter that the deal is worth $450 . Call 1-800-GAMBLER. The group, which purchased the Royals from the late David Glass for $1 billion last fall, is led by local businessman John Sherman and includes a group of over 20 investors with local ties, including entertainer Eric Stonestreet. Mahomes capped off the month by becoming a member of the new ownership group of the Kansas City Royals. Mahomes capped off the month by. Brand deals are one thing, but owning stake in a brand? window.mc4wp = window.mc4wp || { Pat played for several Major League Baseball teams between 1992 and 2003. However, the. Since being drafted in the first round of the 2017 NFL Draft, Kansas City Chiefs quarterback Patrick Mahomes has taken the league by storm. By doing so, he became the active NFL player to have equity in an NWSL side. 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. Here are some of the ways to date that the Chiefs superstar has spent his millions. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. 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. He is also known for his athleticism, running a 4.8-second 40-yard dash at the NFL Scouting Combine. Patrick Mahomes has joined the ownership group for the Kansas City Royals. The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. 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. 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. And now the newest member of the @SportingKC ownership group! Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. Have you flown to or from the new KCI yet? New England Patriots quarterback Tom Brady also has a minority stake in the Boston Red Sox. 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. He has a net worth of $40 million and is one of the wealthiest people in the world. 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. Hence, the Super Bowl LIV MVP had to pay a hefty sum to become the part-owner of the American League team. Here is a lengthy list of the entire Royals ownership group, including one Eric Stonestreet: pic.twitter.com/dcIffTHAIE, Also Read |Royals Sign Matt Harvey To Minor League Deal. Does Patrick Mahomes Own The Kansas City Royals? As the youngest owner in Major League Baseball history, he becomes the youngest owner at the age of 24. Patrick Mahomes net worth Per Celebrity Net Worth, Mahomes carries a net worth of $40 million. Congratulations! 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. Patrick Mahomes, the reigning NFL MVP, is the new owner of the Kansas City Royals baseball team. Mahomes becomes the first African American to own a majority stake in a Major League Baseball team. Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. It would be much more convenient for Mahomes, like Stonestreet, to make decisions in the shadows rather than in the office. He also won the NFL MVP in 2018. The value of almost every individual. Pat Mahomes has led his Kansas City Chiefs to a 10-2 record this year, which is the best in franchise history. By clicking Sign up, you agree to receive marketing emails from Insider https://twitter.com/LRiddickESPN/status/1288170131311525888. I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. As the team added a new investor to its co-investor group, John Sherman, the teams Chairman, CEO, and principal owner, expressed his pleasure. Jessy is an avid baseball fan and writer for the popular website, Baseball Writes. Submit a correction suggestion and help us fix it! Even purchasing 1 percent of the Royals, assuming Mahomes didnt buy at a lower post-money valuation than the other investors paid, would cost the Chiefs quarterback around $10 million which is a significant outlay for someone who has made slightly more than $13 million over his brief playing career, not including endorsements. The youngest owner in MLB history, Patrick Mahomes, purchased a 1% stake in the team. on: function(evt, cb) { Gambling problem? St. Patrick Vibes 20oz Skinny Tumbler Wrap Design, Retro Patrick's Day Tumbler Sublimation Design, Horror Patrick PNG, Digital Download . Mahomes is under contract through the 2021 season and has club options for 2022 and 2023. Mahomes isnt buying a stake as an investment in reality. Odds & lines subject to change. As a result, other running backs in the NFL may be able to earn more money in the future. The Kansas City Chiefs quarterback has a ten-year contract. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. Patrick Mahomes announced he took a minority stake in the Kansas City Royals on Tuesday. According to Work+Money, Mahomes and Matthews spent around $400,000 renovating the house, situated inthe city's Mission Hills neighborhood. Mahomes is the son of Pat Mahomes, a former major league pitcher. Patrick Mahomes joins a list of superstar athletes that have stakes in teams from other sports. Even a 1% ownership stake would cost him about $10 million. Patrick Mahomes has a 10-year contract that could be worth $500 million. "I'm honored to become a part owner of the Kansas City Royals," said Mahomes in a statement. Mahomes investment in the Royals is a sign of his commitment to his hometown of Kansas City. "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. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. 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. Earlier this month, Mahomes signed a 10-year extension with the Chiefs that brought the value of his 12-year contact to as much as $503 million. 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. As such, Mahomes made sure to throw his bag into something he feels passionate in. Seriously, is there anything this man cant do? Sherman has served in the United States Army. A Division of NBCUniversal. Currently the NFLs most valuable player and Super Bowl LIV champion, Patrick Mahomes, invested in the restaurant through a private equity firm. 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. Copyright 2023 Sporting News Holdings Limited. Per Celebrity Net Worth, Mahomes carries anet worth of$40 million. Burger stands. If thats not the definition of living the life, then I simply dont know what is. 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