Patrick Mahomes, Kansas City Chiefs owner.
That has a certain ring to it. And according to what Mahomes told CNBC’s Alex Sherman in a recent interview, he's game for it to happen, at least with a minority stake in the organization.
When asked about the emergence of players buying minority stakes and his potential interest upon retirement, Mahomes was quick to say that he hopes such transactions would be a decade or more down the line. That said, Mahomes was certainly into the idea, which could keep him tied to the team he helped turn into a dynasty.
"Kansas City and the Chiefs have done so much for me, so to be a part of them in any way would be really cool,” Mahomes said. “I know they do the minority stakes and stuff like that now. I don’t think the Chiefs have done that yet, so maybe down the line.”
Mahomes has already showcased an interest in sports investments, given his ownership stakes in the Kansas City Royals, Sporting KC, and the Kansas City Current. His comment to CNBC makes it clear that the Chiefs are very much on his radar for a long-term investment.
Mahomes wouldn’t be the first quarterback to pursue minority ownership of a team. NFL owners approved Tom Brady’s bid to become a limited partner of the Las Vegas Raiders. While Brady's investment was initially delayed by concerns over valuation, the deal was finally approved, which allowed the seven-time Super Bowl champ to join the AFC West.
Eli Manning has also flirted with such a transaction. The former Giants quarterback and Pro Football Hall of Famer was interested in acquiring a slice of the action, as the team looks to sell off 10 percent in minority shares. However, Manning backed out saying it was too expensive.
Even other positions are getting in on the act. The Cleveland Browns recently sold a 0.1 percent stake to Hall of Fame cornerback Charles Woodson.
As Mahomes pointed out, the Chiefs haven’t sold any minority stakes in the team to date. The Hunt family retains controlling ownership, and any move to open the door to a partner like Mahomes would require approval from both the family and the NFL.
However, changing the precedent makes sense in Mahomes' case. He's already the most important player in franchise history, having delivered three Super Bowl titles to an organization that had endured a half-century of falling short. Mahomes' status has already elevated the Chiefs' brand to previously unforeseen heights, and his continued presence would bring far more value for decades to come.
Of course, Mahomes isn't interested in any retirement plans in the near future. “That’ll be about 10 or 15 years from now, or whatever that is,” Mahomes said. “Hopefully they’ll hold the space for me because you only have a certain amount of minority stakes that they can sell.”
For now, Chiefs fans can rest easy knowing that Mahomes isn’t going anywhere anytime soon. But when the day finally comes to hang up the cleats, don’t be surprised if he trades his helmet for a seat in the owner's box.
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