• Loading stock data...
Wednesday, May 28, 2025

Patrick Mahomes Joins Kansas City Royals’ Ownership Group After Record Contract

  • In early July, the Chiefs signed Mahomes to an extension worth up to $503 million that will keep him in town through 2031.
  • The 24-year-old Super Bowl MVP grew up in MLB clubhouses, as his father Pat pitched for 11 seasons in the majors.
Patrick Mahomes Joins Kansas City Royals’ Ownership Group After Record Contract
Photo Credit: Kim Klement-USA TODAY Sports

After signing the richest contract in sports history, Kansas City Chiefs quarterback Patrick Mahomes is now a part-owner of the Kansas City Royals. 

The 24-year-old Super Bowl MVP grew up in MLB clubhouses, as his father Pat pitched for 11 seasons in the majors for six different clubs – none of them the Royals. 

“I love this city and the people of this great town,” Mahomes said. “This opportunity allows me to deepen my roots in this community, which is something I’m excited to do.” 

In early July, the Chiefs signed Mahomes to an extension worth up to $503 million that will keep him in town through 2031.

LeBron James and Venus and Serena Williams are among the other active athletes who own stakes in professional teams. James invested in Fenway Sports Group in 2011 to become a partial owner of Liverpool FC, while the Williams sisters became minority stakeholders in the Miami Dolphins in 2009. 

While Mahomes is now the youngest legal owner in sports history, Serena Williams’ 2-year-old daughter Olympia was announced as a part-owner of the Los Angeles NWSL expansion team last week. 

“Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field,” Royals chairman, CEO and principal owner John Sherman said. “He loves football, but he also grew up loving the game of baseball. We look forward to many years of a winning partnership.”

Sherman himself is new to the Royals: the businessman bought the team from David Glass for $1 billion last August and was previously a minority owner of the Cleveland Indians.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 14, 2024; Kansas City, MO, USA; A general view of the Kansas City Royals 1985 and 2015 World Series championships on the scoreboard at Kauffman Stadium at the Truman Sports Complex.

Chiefs, Royals Stadium Public Funding Standoff Nears Endgame

Missouri legislators will review stadium bonds for the Chiefs and Royals.
Former President Donald Trump leads a campaign rally at Mullett Arena at Arizona State University in Tempe on Oct. 24, 2024.

Sports Owner Tax Perk in Crosshairs As Bill Moves Forward

The provision would eliminate certain tax breaks for pro sports owners.
Feb 2, 2025; Orlando, FL, USA; NFC running back Bijan Robinson of the Atlanta Falcons (7) carries the ball against AFC linebacker Zaire Franklin of the Indianapolis Colts (left) and cornerback Marlon Humphrey of the Baltimore Ravens during the 2025 Pro Bowl Games at Camping World Stadium.

Everything You Need to Know About Olympic Flag Football

The league will allow active players to compete in 2028.
Sep 25, 2022; Chicago, Illinois, USA; A general view of Soldier Field before a game between the Chicago Bears and the Houston Texans. Chicago defeated Houston 23-20.

Bears Pivot to Suburbs As $4.7B Downtown Stadium Plans Dim

The NFL team has reversed course on its lavish plans.

Featured Today

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
May 24, 2025

Indiana Is the Center of the Basketball Universe—Thanks to Both Pro Teams

The Fever and Pacers are thriving at the same time.
Around the Horn - October 26, 2020
May 23, 2025

‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments

“A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”
John Haliburton

John Haliburton’s Brief Ban Ends With Pacers on Brink of Finals

John Haliburton was sitting in a suite instead of his usual courtside seat. 
May 27, 2025

Dodgers’ Biggest Deadline Pickup Might Already Be in L.A.

Ohtani faces batters as a pitcher for the first time in 21 months.
Cousins
May 27, 2025

Kirk Cousins, James Cook Among Prominent NFL OTA Absences

The NFL’s 2024 rushing touchdowns leader was among the absences Tuesday.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
Russian hockey
May 27, 2025

Russia Still Banned From 2026 Winter Olympics, IOC Confirms

Russia men’s hockey won gold and silver in 2018 and 2022, respectively.
May 26, 2025

Caitlin Clark Injury Is Speed Bump Early in WNBA Season

Clark will miss at least four games based on the timeline.
May 25, 2025

Tom Brady Backs Another Crypto Play

Brady is in a group investing $18 million in a crypto-adjacent business.
Jaren Jackson
May 23, 2025

All-NBA Vote Costs Jaren Jackson Jr. $200 Million

Jackson missed out on a five-year, $345 million contract extension.