NFL stars Patrick Mahomes and Travis Kelce are not just dominating on the football field—they’re also making significant moves in the world of business. Their investment in Alpine Racing, a team in Formula 1, has turned into a remarkable financial success. The team's value has soared since their investment, proving that these two athletes have a keen eye for lucrative opportunities off the field.
According to sportico In October 2023, Mahomes and Kelce, along with Otro Capital, secured a 24% stake in Alpine Racing for $218 million. Fast forward to 2024, and the team's valuation has skyrocketed from $311 million to an astounding $1.5 billion, marking a 382% increase. As a result, Mahomes and Kelce’s stake has surged in value to $360 million, reflecting a 65% growth in just one year.
This sharp increase in value has made their venture a massive financial win. Alpine Racing also turned a $23 million profit, a stark contrast to other F1 teams like Aston Martin and Williams, who reported losses of $27 million and $100 million, respectively.
“We’re excited about the future and what we can accomplish together,” Kelce said back in October, showing his optimism for the venture. With the team’s financial success, both Mahomes and Kelce are reaping the rewards.
The Winning Formula for Mahomes and Kelce
Mahomes, who has always expressed a deep passion for sports, shared his enthusiasm upon making the investment: “I’ve always had a passion for all sports”. His investment in Alpine Racing shows that his interests extend beyond football and have paid off handsomely. This stake may soon outpace his NFL earnings, adding to his already impressive portfolio of ventures.
Alongside Alpine Racing, Mahomes is involved in several other sports-related investments, including Kansas City sports teams. He holds stakes in the KC Current (NWSL), Sporting Kansas City (MLS), Kansas City Royals (MLB), and Miami Pickleball Club (MLP), all of which solidify his deep commitment to local sports franchises.
Kelce’s Diverse Investment Approach
While Mahomes has focused on sports investments, Kelce’s investment strategy is more diverse. The Chiefs tight end has ventured into several non-sports-related sectors, including brands like Cholula Hot Sauce and RealTruck. Additionally, Kelce owns a racehorse named Swift Delivery, which he purchased through Team Valor International, a Florida-based horse racing stable.
Though his sports-related ventures are fewer compared to Mahomes, Kelce’s unique business choices highlight his ability to diversify his investments beyond traditional sports, making him an entrepreneurial force in his own right.
A Legacy in the Making
Both Mahomes and Kelce’s business acumen continues to grow alongside their on-field success. Their $1.5 billion boost from Alpine Racing demonstrates that they are just as skilled in the world of finance and investments as they are on the football field. With this remarkable win, they are setting themselves up for a future that extends far beyond their football careers.
The partnership between Mahomes and Kelce continues to be an extraordinary one, with each athlete carving his own path through business ventures while still contributing to the overall success of their investments. As their wealth and influence continue to grow, Mahomes and Kelce prove that their impact on the world goes far beyond football.
