Pickleball has become a revolution in the United States, capturing the attention of the public. With the emergence of MLP, celebrities are coming forward to make investments in an alluring game. After Tom Brady and LeBron James, Patrick Mahomes joined in to make some investments in the game.
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The realm of sports has a lot of buzz around pickleball. The game has picked up interest among the 4.8 million citizens. The emergence of Major League Pickleball has also garnered attention from notable athletic entities in recent times. Several names from the NBA and NFL have staked their claims, and Chiefs QB Patrick Mahomes also joined the elite group.
As per Forbes, Patrick Mahomes is forming an ownership group with Naomi Osaka and Nick Kyrgios. They are about to join the ranks of celebrities who are investing in Major League Pickleball. According to reports, the group would invest in a brand-new MLP team based in Miami.
LeBron. Brady. Durant. Now Osaka and Mahomes are joining the Major League Pickleball craze.
Scoop from @thebrettknight at @ForbesSports: https://t.co/XmeFhSW6fz
— Justin Birnbaum (@JustBirny) December 14, 2022
The capital invested remains uncertain. But Forbes reported that the expansion fee for other recent deals ranged between $1 million and $3 million. Furthermore, Nick Kyrgios, Rich Paul, Soichiro Minami, and Matthew Pritzker would invest in the squad, which would perform next year.
Read More: Patrick Mahomes Owns His 3 Biggest Mistakes During Game Against Lowly Broncos
The Major League Pickleball league will double in size the following season, growing from 12 to 24 teams. In addition to the $450 million quarterback, other investors inside one ownership group include Kim Clijsters and Tom Brady. NFL QB Drew Brees and NBA stars LeBron James and Kevin Durant are among the league’s other celebrity franchise owners.
Patrick Mahomes went from QB to franchise owner
Patrick Mahomes entered the acquisition world after becoming a $450 million man to double his profits. Aside from ventures, Mahomes has invested in a number of sports teams. Since their value rises each year, it is a smart place to invest. The Grim Reaper bought a $10 million stake in the KC Royals, an MLB franchise. He made the mega-investment after getting the massive 10-year deal.
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3. Sporting Kansas City
Mahomes also bought a stake in Sporting KC.
MLS Franchise Valuations are on the rise:
2018: $240 M
2019: $313 M
2020: $540 M @SportingKC (currently valued at $557M) has a lot more upside.— Andrew Petcash (@AndrewPetcash) April 18, 2022
Apart from becoming an MLB franchise owner, Mahomes also bought an ownership stake in Sporting KC, an MLS franchise. Both of the Chiefs’ quarterbacks’ investments have observed a massive leap in valuation, and they could prosper big time in the future.
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The Gunslinger is a menace in the NFL and has an investor’s mindset off the field.
Watch This Story: After coming across tough defenses, Patrick Mahomes reveals the one thing terrifies him in this league.