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. The Super Bowl win is one of the NFLs biggest achievements, and each member of the winning team will receive $150,000 as a result. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Congratulations! He is the son of former Major League Baseball (MLB) pitcher Pat Mahomes. Sterling Skye, his daughter with fiance Brittany Matthews, was born in February. In fact, the day after his son was born, the elder Mahomes picked up the save after throwing 3 1/3 shutout innings against the Royals. The younger Mahomes was also a baseball prospect in his younger days. 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'm honored to become a part-owner of the Kansas City Royals," Mahomes said in a statement. The Chiefs quarterback himself played baseball atTexas Tech for one season in 2015. "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. "Nothing like waking up at 8 am to a new car on Monday," Matthews wrote in an Instagram story at the time. Yes , Patrick Mahomes became a co-owner of the Kansas City Royals in July 2020 at only 24 years old. 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. He also won the NFL MVP in 2018. The Royals are valued at just over $1 billion, according to Forbes. Packers running back Aaron Rodgers is one of the most well-known NFL players, and he has endorsements with State Farm, Nike, and Gatorade. 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. pursuing BMM from St Xavier's College with his specialization in Advertising. A post shared by Patrick Mahomes II (@patrickmahomes). That's not bad for a 27-year-old, one whose value seems boundless given his various business. He completed 303 of his 439 passes for 303 yards, four touchdown passes, and one interception. Patrick Mahomes has joined the ownership group for the Kansas City Royals. 7/28/2020 9:34 AM PT. However, the. Theyre owned by the Whataburger restaurant chain, which includes Kansas City Chiefs star quarterback Patrick Mahomes. "This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. https://twitter.com/LRiddickESPN/status/1288170131311525888. According to Forbes, the franchise was valued at roughly a billion dollars back then. According to Life&Style magazine, the engagement ring Mahomes gave Matthews was worth between "$350,000 and $800,000.". The company is currently valued at $700 million. Baseball is a sport that is struggling to attract young fans, and Mahomes could be the perfect ambassador. Mahomes has spent his first four NFL seasons in. The car was thought to be a Lamborghini Urus a super-powered SUV that costs around $230,000. He found one last month when he bought into the ownership group of the Royals. If thats not the definition of living the life, then I simply dont know what is. Patrick Mahomes has arguably been one of the best quarterbacks in the NFL ever since the Kansas City Chiefs drafted him in 2017. Mahomes grew up around the game of baseball, as the son of former MLB reliever Pat Mahomes. Even a 1% ownership stake would cost him about $10 million. Also Read | Holland Fans Side In 10th, Royals Trim Indians 3-2 (Image Credits: AP, Royals Twitter Handle) COMMENT SUBSCRIBE TO US 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 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. In Missouri, Kansas City is the states capital, and it is the states 15th largest city. Mahomes grew up playing both football and baseball, and recently signed the richest football contract in North American history. having signed a four-year,$670 million deal with the Spanish giant in 2017. on the same day he received his Super Bowl ring. By clicking Sign up, you agree to receive marketing emails from Insider I love this city and the people of this great town. Well, that's real capital. I guess Mahomes needed a place to invest his millions, and he chose to do it in an MLB team. *br> *br> TypePrivateRevenue$2.698 billion Which actor is the owner of whataburger? signing 10-year contract extension with the Kansas City Chiefs worth up to $503 million. Patrick Mahomes will be a Kansas City Chiefs player for the next ten years, with a contract worth 450 million dollars. According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued to be $40 million. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball minority owner. 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. The Chiefs quarterback has bought into a bevy of firms, from food chains to sporting franchises. Updated The Chiefs QB also joined the team as part of the ownership group. Mahomes become the youngest team owner in MLB history in July 2020 when he purchased a stake in the Kansas City Royals. 2. I cant wait to see what he does next. Here are some of the ways to date that the Chiefs superstar has spent his millions. All Rights Reserved. window.mc4wp = window.mc4wp || { The Chiefs quarterback also played baseball at Texas Tech University for one seasonin 2015 before quitting to focus on football, according to CNN. As the Royals rebuild their roster with young talent, Mahomes will be there to help them achieve their goals. He can sling passes during the day with his team and then hit up his box at night for Royals games. Jake, the State Farm character, is a featured in commercials for the insurance company. NFL MVP. Well, outside of being two of the best players in their respective sports and pillars of their local communities, they also share business ties. This opportunity allows me to deepen my roots in this community, which is something Im excited to do.. In July, a group led by Patrick Mahomes purchased an ownership stake in the Kansas City Wizards soccer club. Stay up to date with what you want to know. While it is not common for active players to have ownership stakes in other teams, Mahomes is not the only one. What do Patrick Mahomes and Kevin Durant have in common? Mahomes is also investing in businesses around Kansas City. 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. Sara King is accused of . On top of Mahomes' bumper contract, he also boasts brand deals with Adidas, Oakley,BioSteel Sports Nutrition, and ketchup brand Hunt's,among others. But what many fans may not know is that Mahomes is also a part-owner of another professional team: the Kansas City Royals. 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. The move comes after Mahomes inked an extension that could be worth more than half a billion dollars. The Kansas City Royals have announced that Mahomes will participate in spring training with the team. Patrick Mahomes used his payday to become a part-owner in Major League Baseball side Kansas City Royals on July 28, 2020. Copyright 2023 Sporting News Holdings Limited. #AlwaysRoyal https://t.co/CDApf9wejT, Patrick Mahomes II (@PatrickMahomes) July 28, 2020. TMZ.com. Although Mahomes's role will be more ambassador than operational, it's still a nice addition to his resume. The Kansas City Chiefs announced recently that Patrick Mahomes had signed a 10-year contract worth up to $503 million. Brittany, Patrick Mahomes fiance, owns a stake in Kansas Citys National Womens Soccer team. It has already paid major dividends. Just weeks after inking a 10-year . 2023 CNBC LLC. Go @Royals!! It's been a fantastic year for Patrick Mahomes. The Kansas City Chiefs quarterback has a ten-year contract worth an eye-watering $503 million. Patrick Mahomes is an American football player who currently plays for the Kansas City Chiefs of the National Football League (NFL). Patrick Mahomes, the Kansas City Chiefs starting quarterback, owns and operates the first Whataburger, which is set to open in the coming weeks. The most expensive house in Whitehouse, Texas, is up for sale for almost $5 million. Seriously, is there anything this man cant do? League sources told ESPN's Adam Schefter that the deal is worth $450 . Meanwhile, his wife, Brittany Mahomes (nee Matthews), also owns the NWSL franchise, Kansas City Current. 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. 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. In March of this year, the fast food restaurant chain plans to open four locations in the greater Charlotte area. At just 24 years old, Mahomes is now a Super Bowl-winning quarterback and Major League Baseball. According to Forbes, Rodgers endorsement of State Farm could earn him up to $3 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. Ahead of last year's election, Mahomes helped turn the Chiefs stadium into aplace where Kansas City residents could vote. 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. 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. Patrick Mahomes contract. Whataburger will open two new restaurants in Platte County in 2023. And now the newest member of the @SportingKC ownership group! The two cities roots, history, and culture are all shared by them. We want to hear from you. 2023 Cable News Network. Mahomes has already enjoyed an extraordinary career in the NFL having won a Super Bowl, a Super Bowl MVP, and regular season MVP, but he's also no stranger to baseball. Mahomes recently bought a very expensive Ferrari 812 Superfast, which is a true racing car. 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