• Loading stock data...
Saturday, August 30, 2025
The biggest names in sports media. All in one room. Get your ticket now!

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

Sep 29, 2024; Inglewood, California, USA; Kansas City Chiefs wide receiver Rashee Rice (4) leaves the field following the game against the Los Angeles Chargers at SoFi Stadium

Rashee Rice Suspended Six Games to Start NFL Season in Discipline Twist

Rice will serve his NFL suspension sooner than initially assumed.
Andy Reid

Andy Reid Office Shooting Went Unreported for a Year

Reid was inside at the time but wasn’t injured.

CBS Banking on Potential Record-Setting Chiefs-Cowboys Game

The Cowboys and Giants set the record on Thanksgiving in 2022.

Featured Today

Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
August 26, 2025

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Candace Parker

Candace Parker Not a WNBA Owner Yet, but Her Business Is Booming

Her WNBA peers say she made the blueprint for earning off the court.
August 29, 2025

Kyle Schwarber’s MVP Candidacy Could Lead to Massive Payday

The Phillies slugger makes history and could do so again this winter.
August 29, 2025

Cowboys’ Parsons Approach Shows High Cost of Delayed Contracts

Parsons will sign a four-year, $188 million deal with the Packers.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
Cooper Lutkenhaus
August 28, 2025

Running Prodigy Ditches High School and College for Nike at 16

Cooper Lutkenhaus is a contender at next month’s track world championships.
Breanna Stewart
August 28, 2025

Breanna Stewart’s Injury Meant Rare Presence at WNBA CBA Talks

Stewart “makes the league sit up straight,” the union director told FOS.
August 28, 2025

Micah Parsons Traded to Packers, Set to Sign Record 4-Year, $188M Deal

The Cowboys reportedly offered Parsons $40.5 million per year in March.
Willie Mays
August 28, 2025

Willie Mays’s Son Tries to Block Sale of Some Memorabilia 

Michael Mays disputes that his father wanted certain items sold after he died.