What would you do with $503 million? Personally, I’d bring back the Hartford Whalers (half a bill should be enough to accomplish that, right?), but apparently Patrick Mahomes has his own entrepreneurial ambitions. The reigning Super Bowl MVP and recent recipient of a 10-year mega-extension is putting his newfound fortune to good use, becoming a part owner of MLB’s Kansas City Royals.
"We are very proud and excited to have Patrick as our partner in the ownership group of his franchise,” said Royals principal owner and team chairman John Sherman in Tuesday’s press release. “Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.”
Per NFL Network’s Ian Rapoport, the 24-year-old Mahomes is the youngest owner in pro sports history. Now entering his fourth season with the Chiefs and his third as the team’s starting quarterback (he spent his rookie year holding the clipboard for Alex Smith), Mahomes has quickly ascended to legend status, claiming MVP honors in 2018 before lifting the Lombardi Trophy—KC’s first since 1969—a year later.
Wanting to make Mahomes a Chief for life, the front office handed their star signal-caller a fat allowance earlier this month, signing him to a record contract worth up to $503 million. It’s not surprising Mahomes would splurge on an MLB franchise. The two-time Pro Bowler was a star hurler in his youth, earning a selection late in the 2014 MLB Draft (the Tigers nabbed him in the 37th round) while making a handful of pitching appearances for his alma mater, Texas Tech. Mahomes’ passion for the sport came from watching his father Pat, a former Twins, Mets, Red Sox, Pirates, Rangers and Cubs reliever who logged over 700 innings at the major-league level.
“I'm honored to become a part owner of the Kansas City Royals," said Mahomes of his new ownership stake. “I love this city and the people of this great town. This opportunity allows me to deepen my roots in this community, which is something I’m excited to do.”
Mahomes will inherit a fixer-upper as the Royals have taken up residence in the American League basement of late, finishing .500 or worse in each of their last four seasons. With teammate Travis Kelce reportedly teaming up with Alex Rodriguez in his bid for the Mets, the Chiefs may soon own half of MLB.