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Mahomes eyes investments as bridge to next step of team ownership

Chiefs QB Patrick Mahomes is setting himself on the path to sports ownership with an eye on expanding K.C.'s offeringsGETTY IMAGES

Chiefs QB Patrick Mahomes views his investments into sports ownership groups as “internships of sorts in preparing him for his next job,” according to Adam Teicher of ESPN.com. Mahomes “bought into the ownership groups” of the Royals and Sporting K.C. Mahomes said of owning a team in the future, "I don't think you've been able to see a football player be able to do that yet, but it's definitely something I've looked into.” Mahomes has “dabbled in NFTs and has other business interests.” He has a “heavy interest" in philanthropy through his 15 and the Mahomies Foundation. But he is “setting himself on the path to sports ownership” with an eye on “expanding Kansas City's offerings.” Mahomes is “equipped to buy into ownership” with his contract extension that “will pay him $450 million over 10 years.” That contract extension “kicks in” beginning next season, and that money “does not take into account” a growing portfolio of endorsements that already includes State Farm, Adidas, Oakley, DirecTV and Hunt's Ketchup. Royals Owner John Sherman and SKC Owner Cliff Illig both said that their decisions “to allow Mahomes to become a minority owner” had far more to do with his “sincerity about learning the business end of ownership than anything else.” Illig: “He's a sponge. He's trying to learn as much as he can learn. He knows he'll learn more by being involved more. We have three or four owners meetings a year with our little owners' group, and he will be welcomed at those” (ESPN.com, 1/19).

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