Patrick Mahomes' Ownership Stake in the Kansas City Royals
Patrick Mahomes is a minority owner of the Kansas City Royals, a Major League Baseball franchise. He joined the ownership group in 2020 alongside a consortium led by John Sherman. The group acquired the team from David Glass, who had owned the Royals since 2000. Mahomes is not the majority owner or controlling shareholder of the franchise. His role is as a limited partner within the ownership structure. The Kansas City Royals are valued at approximately $1.2 billion as of the latest Forbes estimates. The team plays in the American League Central division and is based in Kansas City, Missouri. For more details on the team's valuation, see Forbes' latest Royals valuation.
Ownership Structure and the Sherman Group
The primary ownership entity is a group led by John Sherman, a Kansas City businessman. Sherman's group completed the purchase of the Royals in November 2019. The sale price was reported at $963 million at the time of the transaction. Patrick Mahomes is listed as one of the minority investors in this group. The Sherman group also has interests in other sports and business ventures. The Royals' ownership structure is a limited partnership, where general partners control the team. Minority partners like Mahomes invest capital but do not manage day-to-day operations. The team's financial details are reported in annual filings with the MLB office. The Kansas City Royals' operating income and revenue are tracked by MLB. For the team's official information, see the Kansas City Royals official MLB page.
Patrick Mahomes' Business Interests and Net Worth
Contract and Endorsements
Mahomes signed a 10-year contract extension with the Kansas City Chiefs in 2020. The deal is worth up to $450 million, making him one of the highest-paid athletes in the NFL. His income from the Chiefs and endorsements is separate from his Royals ownership. Mahomes has endorsement deals with companies like Nike and State Farm. He also has business ventures including a restaurant and a production company. His net worth is estimated to be over $100 million, which includes his contract and investments. His ownership stake in the Royals is a part of his broader investment portfolio.
Sports Investment Portfolio
Beyond the Royals, Mahomes has invested in other sports properties. He is a part-owner of the Kansas City Current, a National Women's Soccer League team. Mahomes also has interests in esports and other local ventures. His investment strategy focuses on Kansas City-based sports and businesses. The Royals are a long-term asset in his portfolio. The team competes in Major League Baseball's American League. Mahomes' involvement helps raise the profile of the Royals among younger fans. His public profile brings additional attention to the franchise's business operations. For the latest on the Royals' business, see the Kansas City Business Journal.