Less than a month after Patrick Mahomes signed a record-breaking 10-year contract worth up to $503 million with the Kansas City Chiefs, the quarterback is now part of the Kansas City Royals ownership group. The 24-year-old Mahomes was selected in the 2014 MLB Draft and is the son of 11-year MLB pitcher Pat Mahomes.
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