$1.5 Billion Update Gives Patrick Mahomes & Travis Kelce Massive Financial Boost After $218M Investment in F1’s Alpine

“I am looking forward to this new chapter and can’t wait to see what we achieve together, ” Travis Kelce had said last October when he and Patrick Mahomes had joined Otro Capital’s investing team that acquired a 24% stake in the Formula One racing team Alpine Racing. The valuations of all the F1 teams came out recently. Both Chiefs stars have earned big in just one year.
According to Sportico, Alpine Racing has jumped in valuation from $311 million in 2023 to $1.5 billion in 2024. That’s huge. And this mammoth increase has made the ownership group very happy. The stake of NFL stars has also increased by a big margin. Here’s the update about their individual stakes.
The ownership ship of Patrick Mahomes and Travis Kelce invested $218 million in 2023 to acquire the 24% stake. If we consider the value of their stake, it has also increased to $360 million in 2024. That means their money has grown by 65%. Both players would be happy after the massive financial boost of this investment. But that’s not the only thing to be happy.
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While the valuation of all teams has increased, two of the 10 teams, Aston Martin and Williams, have suffered losses of $27 million and $100 million. But Alpine has also earned a profit of $23 million. If the profit is divided as per the stake ownership, the NFL stars will earn $5.5 million from the profit as well. That’s great news for the fans also.
When Patrick Mahomes had invested the money last year, he had said, “I’ve always had a passion for all sports.” That’s right. The MVP might be earning more from his investments than he does from the NFL.
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Comparison of Patrick Mahomes & Travis Kelce’s investments
Both Chiefs players have spent 8 years together since 2017, and their friendship has extended out of the ground as well. However, there are some differences in their mindset about investments.
The tight end has invested mostly in non-sports related things such as ‘Cholula Hot Sauce’ and ‘RealTruck’. The only other sports-related spending by Kelce is on a racehorse named Swift Delivery through a Florida-based horse racing stable Team Valor International. However, the quarterback has multiple sports-related investments.
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Patrick Mahomes’s ventures include the NWSL franchise KC Current which he owns with his wife Brittany Mahomes. He also owns a stake in the MLS franchise Sporting Kansas City, the MLB franchise Kansas City Royal, and the MLP club Miami Pickleball Club. He truly will be remembered by the citizens of Kansas for his spending in so many sports teams of the state.