Mahomes already eyeing NFL ownership
Written by worldOneFm on October 18, 2023
Patrick Mahomes is still in the middle of his playing career, but he has already added several sports franchises to his investment portfolio.
Eventually, though, Mahomes is eyeing a major jump after he retires. He wants to own an NFL team.
“I think Tom [Brady] is trying to do it right now, but that’s definitely where you want to get to,” Mahomes said Wednesday, via ESPN. “I love this sport and want to give back in any way possible.
“When I’m done playing, obviously I’ll be a Chiefs fan, but at the same time, I want to have that competitive edge I’ve always had my entire life.”
Mahomes’ comments came a day after he and teammate Travis Kelce joined the ownership group in a Formula 1 team. Mahomes and Kelce, along with golfer Rory McIlroy and former boxer Anthony Joshua, joined a group that owns nearly a quarter of Alpine Formula One. The group purchased 24% of the team earlier this year.
The team is set to compete in the United States Grand Prix on Sunday in Austin.
Mahomes is also a minority owner of the Kansas City Royals in MLB and Kansas City’s two professional soccer teams, Sporting KC of MLS and the KC Current of the NWSL
Mahomes is in the middle of his seventh season with the Chiefs. The 28-year-old signed a 10-year deal with the franchise in 2020 that was going to keep him there through the 2031 season, but he restructured that deal last month. His new deal will pay him as much as $218 million over the next four seasons. The two sides will revisit the deal after the 2026 season.
Mahomes and the Chiefs host the Los Angeles Chargers on Sunday. Mahomes has thrown for 1,593 yards and 11 touchdowns so far this season while leading Kansas City to a 5-1 record.
He can’t get into NFL ownership until his playing days are behind him, which still seems a long way off. And given the rate that teams are going for — the Washington Commanders sold for a record $6.05 billion earlier this year — Mahomes knows it’s going to take some work.
“I’m always looking around,” he said. “I can’t do it in the NFL while I’m playing, so I’m always looking around at other sports. It’s hard to get in all sports, NBA and all that different type of stuff, but I’m always keeping my ears open. If they give me the opportunity, I’m going to jump at it.”
