Among American football stars we can count hundreds over the years. But, I think we can count on our hands the stars who have become what is today one of the top figures in the NFL. Yes, he is one of the best QBs today, but today without a doubt, he is the best star in the NFL in the way he invests his millionaire earnings.
Patrick Lavon Mahomes II, was born in Tyler, Texas on September 17, 1995 and was drafted by theKansas City Chiefs in 10th place in the first round of 2017; coming from Texax Tech. Perhaps the KC Chiefs having an idea on paper of what that draft could be, but never ensuring the star they would have on their roster. And on the other hand, equally, that drafted rookie perhaps had an idea of what he would do with the money he would receive from his salary, but never the businessman that he now is.
It all started when Mahomes was named MVP of the 2018 season and a year later he led the Chiefs to win the Super Bowl in 2020 against the San Francisco 49ers.
A few months later, the Chiefs put a 10-year, $500 million contract extension on the table. This contract, at the time, became the largest deal in the history of United States sports, breaking the record set by Mike Tyson.
In addition to starting a family in Kansas City, Mahomes and Brittany Matthews (his wife) announced that they planned to put down roots in KC and began to do so, starting with the sports emporium that they would later form.
Mahomes became the youngest owner in MLB history by purchasing a 1% stake in the Kansas City Royals. “This opportunity allows me to deepen my roots in this community, something I am excited to do,” Mahomes stated.
A few months after having acquired a percentage of the KC Royals, Mahomes announced on Twitter that he would bring a Whataburger to Kansas, which would generate more than 700 new jobs and would also partner with Kauffman Stadium, which would guarantee fans of the baseball eat your favorite burgers while supporting the Royals.
After winning Super Bowl 54, Mahomes would receive an average of $52.6 million during the following seasons, which would allow him to continue with his business expansion ideas in Kansas City.
Mahomes also acquired a shareholding in the MLS soccer club Sporting KC. “I am grateful for the opportunity to join the team and strengthen my connection with the fans and the city that I love…” commented Mahomes days after making his participation official.
After the championship won in Super Bowl 57, Mahomes and Chiefs restructured their agreement giving him $210.6 million between 2023 and 2026. Mahomes and Chiefs plan to review the agreement again after the 2026 season. Thanks to these new contracts, Patrick Mahomes’ investments in KC are awesome. From buying shares in an MLS and MLB team, bringing hamburgers to the fans and the city. In 2019 he created a foundation that is dedicated to “improving the lives of children. Its mission is to support initiatives that focus on health, well-being, communities in need and other charitable causes.”
With this, Mahomes demonstrates the superstar he is on and off the field, attacking both to connect passes and to help those in need within his community with great enthusiasm. Mahomes has also worked to help ensure that everyone can express their right to vote. In 2020 he along with Tyrann Mathieu and the Chiefs organization partnered with RISE, a nonpartisan initiative that assists athletes with voter registration and education. In addition to raising awareness, Mahomes along with the Chiefs contributed money to allow Arrowhead Stadium to keep its doors open to act as a voting location, helping ensure that everyone in Kansas City had the opportunity to make their voices heard.
Mahomes and his wife Brittany are also co-owners of the Kansas City National Women’s Soccer League franchise.
It has also added one more franchise in the professional sports world within its city of Kansas City. Together with celebrities they will invest in a Professional Pickleball League team. The team will be based in Miami and Mahomes will be part of an ownership group that will include tennis superstars Naomi Osaka and Nick Kyrgios, a member of the family that runs Hyatt Hotels and Resorts. The investment will cost Mahoones between 1 and 3 million dollars.
Lebron James, Kevin Durant, Draymond Green, Drew Brees and Tom Brady are some of the most notable celebrities who have invested in the professional league in the last 12 months.
Pickleball is a sport that is growing across the country, including Kansas City. According to data, as of 2022, there were almost 5 million pickleball players in the United States, in 2021, half of them were under 35 years old.
Major League Pickleball is one of three professional sports leagues in the country. Hosting six tournaments in 2023, with a total prize pool set at $5 million. The league began with 8 teams in the inaugural 2021 season, and by 2023 it expanded to 12 teams.
As if that were not enough, his most recent adventure is part of a group of athletes who will invest more than $200 million in the ALPINE FORMULA 1 team. Within this group of athletes is his teammate Travis Kelce, as well as the boxer Anthony Joshua, the golfer Rory Mcllroy and the footballers Trent Alexander-Arnold and Juan Mata.
The QB also has a wide portfolio of agreements with sponsor brands such as: Adidas (who made him a special edition of tennis shoes for his wedding), Bose, Oakley, State Farm, Essentia water, among others.
Outside of the sports world, in addition to Whataburger, Mahomes has investments in AirShare, a private jet company. Hyperice, manufacturer of muscle recovery technology and Whoom, technology for physical monitoring, led by Kevin Durant, Rory McIlroy and Justin Tomas with whom it shares a partnership.
Without a doubt, the star QB made history by being the first to sign a multimillion-dollar contract with his team, the Kansas City Chiefs, a few years ago. But no one currently active has made the history that Mahomes is making.
Several athletes have made investments after their retirement, or at least when they are close to it. Not only is Mahomes still active, but he may not even be halfway through his career. In addition to being the owner of practically the majority of KC’s professional teams, in a few years, for sure, he will also be a shareholder of the team that now leads the search for more Super Bowls…I am Javier Balseca and this was: Sports money .
Javier Balseca. Lic Marketing with a specialty in Sports Marketing and the entertainment industry. Professor of sports at Mkt Anáhuac and Tec de Monterrey; commercial representative of professional teams from Liga MX, LMB, LMP and media columnist and speaker.
2023-10-23 20:19:51
#Mahomes #elite #business
