Patrick Mahomes, a three-time Super Bowl winner and two-time NFL MVP, has broadened his business portfolio by investing in the world of motorsports. In October 2023, Mahomes became part of a high-profile $200 million investment group acquiring a 24% stake in Alpine Racing, a French-based Formula 1 team, joining forces with notable athletes and celebrities to elevate the sport’s global presence.
This investment group includes his Kansas City Chiefs teammate Travis Kelce, professional golfer Rory McIlroy, Liverpool soccer star Trent Alexander-Arnold, heavyweight boxing champion Anthony Joshua, and actor Ryan Reynolds. This move further diversifies Mahomes’ financial ventures beyond his on-field success, leveraging his growing influence in sports and entertainment.
“I’ve always had a passion for all sports. The opportunity to lead an investor group with Travis in Alpine F1 alongside Otro Capital was one I couldn’t pass up. It’s an exciting time for the sport and this is an opportunity to bring our shared values to the world stage. I’m looking forward to being a part of its growth.”
—Patrick Mahomes, NFL quarterback
Mahomes’ Early Business Milestones and Sports Investments
Mahomes’ business acumen surfaced shortly after signing his landmark 10-year NFL contract worth $503 million in July 2020. At just 24 years old, he became the youngest minority owner in Major League Baseball by purchasing a stake in the Kansas City Royals. This historic move showed his intent to invest strategically in sports franchises, particularly with connections to his hometown.
Additionally, Mahomes has invested in the Kansas City Current, a National Women’s Soccer League (NWSL) team co-owned by his wife, Brittany Mahomes. Beyond sports teams, he has infused capital into local brands, such as Whataburger, a fast-food chain he fondly remembers from childhood in Texas. His enthusiasm for the brand helped facilitate its expansion into the Kansas City market.
“I was saying [Whataburger] regardless. The burgers are world-class, and they actually have a variety of things that you can get. [They also have] the best ketchup I’ve ever eaten—and as a ketchup connoisseur, that’s a very high praise.
“Being a little kid that grew up in Texas [with] Whataburger being down the street and mom’s like ‘I’m at work what are you going to do for food?’ I had to go Whataburger every other day and I fell in love with it.”
—Patrick Mahomes, NFL quarterback
New Ventures Set to Enhance Kansas City’s Culinary Scene
In addition to sports and food brand investments, Mahomes and Travis Kelce plan to open their steakhouse, 1587 Prime, later in 2024 at the Loews Hotel in Kansas City. This venture further demonstrates Mahomes’ commitment to expanding his business empire locally, blending his passion for food with his strong ties to the Kansas City community.
The Growing Influence of Patrick Mahomes’ Business Endeavors
Patrick Mahomes’ entry into motorsports signals a new phase of his off-field career, marked by strategic investments alongside fellow athletes and celebrities. His partnership in Alpine Racing supports the growing trend of high-profile athletes diversifying their portfolios into various sports industries, strengthening brand visibility and creating new revenue streams.
This $200 million investment not only enhances Mahomes’ business stature but also aligns with his passion for sports and competition across disciplines. As he continues to balance his successful NFL career with these ventures, Mahomes exemplifies how athletes can leverage their fame and resources to build lasting legacies beyond the playing field.