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Monday, June 24, 2024

Mahomes Creating New Model For Athlete Investments

  • Two-time Super Bowl champion building extensive sports investment portfolio
  • Off-field business interests span a wide range of areas
Denny Medley-USA TODAY Sports

Kansas City Chiefs quarterback Patrick Mahomes is already a two-time Super Bowl champion, a two-time league MVP, and arguably remains the NFL’s best player. 

But he’s also helping set a new standard for athletes who want to develop an extensive sports investment portfolio during their playing careers. 

Still just 27, Mahomes has steadily amassed a range of investments rivaling — and perhaps surpassing — those of older, more seasoned veterans of many U.S. pro sports.

Mahomes’ holdings — many in tandem with his wife, Brittany — include stakes in MLB’s Kansas City Royals, MLS’ Sporting Kansas City, the NWSL’s Kansas City Current, a Major League Pickleball franchise, human performance company Whoop, athlete recovery brand Hyperice, sports nutrition company Biosteel, and Kansas City-area locations in the Whataburger chain. 

The ongoing expansion of the San Antonio-based Whataburger — which saw formal restaurant openings this past offseason, with more on the way — is part of the native Texan’s collaboration with franchisee KMO Burger to “bring a gift from my first home to my second home.”

The assets add to the $503 million contract Mahomes signed with the Chiefs in 2020, which remains the largest ever in U.S. pro team sports — though perhaps not much longer, depending on MLB phenom Shohei Ohtani this winter.

In 2021, Mahomes said, “I’m trying to build an empire off the field in every way.” He is clearly well on his way.

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