Kansas City Chiefs quarterback and reigning Super Bowl MVP Patrick Mahomes has become a part owner of the Kansas City Royals, although he doesn’t appear to have paid for the privilege.
The two-time World Series champion Royals announced the move in a statement, which did not specify that any purchase took place. It remains unclear if Mahomes bought a stake in the team or if it was given to him. Team spokesmen did not respond to the Daily Mail’s requests for clarification.
According to NFL Network’s Ian Rapoport, the move makes the 24-year-old Mahomes the youngest team owner in major professional sports history.
The Royals are valued at just over $1 billion, according to Forbes Magazine.
‘We are very proud and excited to have Patrick as our partner in the ownership group of this franchise,’ principal owner, chairman and CEO John Sherman said in a statement. ‘Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field.
‘Consistent with the entirety of our ownership group, he has a deep commitment to Kansas City and a real passion for the game of baseball — dating back to his childhood.’
Mahomes was a top baseball player in high school and pitched while at Texas Tech, but football was his primary focus. His father, Pat Mahomes, spent 11 years pitching in the majors for six teams, including five years with the Minnesota Twins (1992-96).
‘I’m honored to become a part owner of the Kansas City Royals,’ Mahomes II said in a statement. ‘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, who turns 25 in September, signed a 10-year extension worth up to $503 million earlier this month.
He is coming off of Super Bowl MVP honors earned in February, after earning league MVP honors in 2018.
The contract is believed to be the largest in sports history, topping those of Los Angeles Angels star Mike Trout ($426.5 million) and boxer Canelo Alvarez ($365 million). However, Trout’s deal is fully guaranteed, whereas Mahomes would reportedly get just $140 million if he were to be waived due to injuries.
Other professional sports teams have previously welcomed celebrities into their ownership groups at a discount price. Jay-Z paid a reported $1 million for a small stake in the then-New Jersey Nets ahead of their 2012 move to Brooklyn. He divested his shares in 2013 after opening Roc Nation Sports, a player agency he started with Creative Artists Agency.