It is unclear what percentage of the Royals Mahomes will own. John Sherman and a group of 22 investors acquired the team last year for a reported $1 billion.
Mahomes becomes the latest active professional athlete to become a minority team owner. NBA stars Kevin Durant and James Harden joined the MLS ownership groups of the Philadelphia Union and Houston Dynamo, respectively, in the past 13 months.
Athletes with professional team ownership stakes:
— Michael Jordan, Charlotte Hornets
— Mario Lemieux, Pittsburgh Penguins
— Derek Jeter, Miami Marlins
— Serena Williams, Miami Dolphins and the new NWSL team in Los Angeles
— Venus Williams, Miami Dolphins
— David Beckham, Inter Miami CF
— LeBron James, Liverpool FC
— Magic Johnson, Los Angeles Dodgers, Sparks and LAFC
