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The Kansas City Royals announced Tuesday that Kansas City Chiefs quarterback Patrick Mahomes has joined their ownership group:

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Royals principal owner John Sherman said the following about Mahomes' addition to the group: "We are very proud and excited to have Patrick as our partner in the ownership group of this franchise. Along with the rest of Kansas City, I have watched Patrick compete and become an extraordinary leader, both on and off the football field."

After leading the Chiefs to a win in Super Bowl LIV last season, Mahomes signed a 10-year contract extension worth as much as $503 million earlier this month.