logo
WNBA rejection won't deter Patrick Mahomes' $275M Kansas City mission

WNBA rejection won't deter Patrick Mahomes' $275M Kansas City mission

Time of India4 days ago
Patrick Mahomes (via Getty Images)
Patrick Mahomes
has already delivered championships, investment, and generational excitement to Kansas City—and he's not finished. When the WNBA rejected his offer to bring a team to the city, the Chiefs' all-world quarterback made one thing clear: Kansas City is his home, and he's not going anywhere in terms of constructing its sports empire.
Patrick Mahomes' WNBA bid comes up short despite star power and established investment track record
At age 24, Patrick Mahomes became the youngest owner in the history of MLB when he acquired the Kansas City Royals. Since then, he has diversified his portfolio to comprise Sporting KC (MLS) and Kansas City Current (NWSL) ownership. It was only a matter of time before he directed his attention to women's basketball.
But in an unexpected turn, the WNBA is said to have turned down Patrick Mahomes' overture to bring an expansion team to Kansas City.
Even with his clout, extensive roots in the city, and expanding interest in female sports, the league opted to give expansion rights elsewhere—in more amiable arena situations or demographics-based markets.
Patrick Mahomes speaks on potentially owning a WNBA team
'It's been really cool to see the WNBA and how it's really grown over these last few years especially,' he said. 'There's been a lot of great players for a long time …obviously Caitlin Clark , A'Ja Wilson. It's great to see these players receive the publicity they've deserved.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched
Seeking Alpha
Read More
Undo
Although Kansas City lost out, he has no intention of giving up. We didn't luck out enough to get the team…but it won't stop our push to try to get a team to Kansas City.
"
Patrick Mahomes' $275M commitment is bigger than football
In 2020, Patrick Mahomes agreed to a historic 10-year, $450 million contract with the Chiefs—$275 million of which is guaranteed. That was not merely a contract to remain in red and gold. It was a declaration of loyalty to Kansas City.
Ever since, Mahomes has transcended being a quarterback.
Through his 15 and the Mahomies Foundation, he's donated millions to youth and underprivileged communities.
Kansas City lost a WNBA team, but it still keeps Patrick Mahomes
Mahomes' WNBA bid may have been rejected—temporarily. But if there's one thing his career has taught us, it's that people rarely win when they bet against him.
Also read:
Patrick Mahomes shares quiet family moments before stepping into new NFL season
Whether on the field or in the corporate boardroom, Mahomes' commitment to Kansas City can't be beat. The WNBA didn't catch the vision, but Mahomes is not backing down. He's still wagering big on his city—and history predicts it's a sound investment.
Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Top stocks to buy this week: What's the outlook for Nifty? Check stock recommendations with 3-month horizon
Top stocks to buy this week: What's the outlook for Nifty? Check stock recommendations with 3-month horizon

Time of India

time22 minutes ago

  • Time of India

Top stocks to buy this week: What's the outlook for Nifty? Check stock recommendations with 3-month horizon

Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities, Dalmia Bharat, and Godrej Properties Ltd are the top stock picks for this week. Here's his view on Nifty, Bank Nifty for the week starting July 21, 2025, and the top stock picks with a 3-month horizon: Nifty View Last week the benchmark index Nifty ended in the red for the third consecutive week, reflecting sustained bearish sentiment in the market. On the weekly chart, it has formed a bearish candle with a lower high and lower low's structure — a classic indication of downward momentum. Throughout the week, the index made three attempts to reclaim its 20-day EMA but faced rejection on all three occasions. It is now trading decisively below the 20-day EMA, which has started to edge lower, further reinforcing the bearish undertone. Additionally, the upward slope of the 50-day and 100-day EMAs has begun to flatten, signalling a potential loss of medium-term momentum. This slowdown in the EMA slope suggests growing indecisiveness and weakening strength among bulls. On the momentum front, the daily RSI is quoting at 43, marking its lowest level since April 2025. Moreover, the RSI is trading below its 9-day average, and both are in falling mode, indicating weakening internal strength and reinforcing the ongoing bearish setup. Going ahead, Monday's trading session will be crucial for the index as heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank announced their Q1 results over the weekend. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Studio & 1 BHK at ACE Nest – Book with ₹5 Lacs Only! Ace Noida Book Now Undo The reaction to these earnings could provide near-term direction and either amplify the current trend or spark a reversal. Talking about crucial levels, the zone of 24940-24900 will act as immediate support for the index as it is the confluence of the 50-day EMA level and 61.8% Fibonacci retracement level of its prior upward rally (24473-25669). If the index slips below the 24900 level, then the next crucial support is placed at the 24700 level. On the upside, the zone of 25130-25160 will act as an immediate hurdle for the index. Bank Nifty View The banking benchmark index Bank Nifty also extended its losing streak, ending in the red for the third consecutive week. On the daily chart, it witnessed a breakdown from a Rising Wedge pattern on Friday and also slipped below its 20-day EMA, which is a sign of growing bearish pressure. A key technical observation lies in the daily RSI behaviour. Despite a mid-week pullback, the daily RSI failed to surpass the 60 level, which is a bearish sign as per RSI range shift rules. Currently, the RSI is quoting at 45, its lowest level since March 2025, indicating a notable loss of momentum and growing weakness in the trend. Going ahead, the 50-day EMA zone of 55950-55850 will act as immediate support for the index. If the index slips below the 55850 level, then the next crucial support is placed at the 55300 level. On the upside, the 20-day EMA zone of 56700-56800 will act as an important hurdle for the index. Stocks Recommendations Dalmia Bharat The stock has given a consolidation breakout along with robust volume. Currently, all the moving averages and momentum-based indicators are suggesting strong bullish momentum in the stock. Hence, we recommend to accumulate the stock in the zone of 2260-2240 with a stoploss of Rs 2170 level. On the upside, it is likely to test the level of 2400 in the short term. Godrej Properties Ltd The stock has taken a support near 2192 level and thereafter witnessed a sharp rebound along with relatively higher volume. Currently, the stock is trading above its short and long-term moving averages. The daily RSI is about to cross the 60 mark and it is in rising mode. Hence, we recommend to accumulate the stock in the zone of 2370-2350 with a stoploss of Rs 2280 level. On the upside, it is likely to test the level of 2500 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

FIDE World Cup 2025 to be hosted in India; Top players to battle for spot in 2026 Candidates
FIDE World Cup 2025 to be hosted in India; Top players to battle for spot in 2026 Candidates

Time of India

time23 minutes ago

  • Time of India

FIDE World Cup 2025 to be hosted in India; Top players to battle for spot in 2026 Candidates

R Praggnanandhaa and Magnus Carlsen (Freestyle Chess | Lennart Ootes) The International Chess Federation (FIDE) on Monday revealed that India will host the 2025 FIDE World Cup. The venue is yet to be decided, but the tournament is scheduled from October 30 to November 2. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! The world's top players will battle it out for the coveted title and qualification spots in the 2026 FIDE Candidates Tournament. FIDE CEO Emil Sutovsky said: 'We are thrilled to bring the FIDE World Cup 2025 to India, a country with a deep-rooted passion and support for chess. Indian chess fans' enthusiasm has always been remarkable, and we anticipate great interest in the event among local chess lovers, both on-site and online. To enhance the experience, FIDE is committed to organizing numerous side events, featuring tournament participants and chess legends. ' Here's all you need to know: What is the format? The FIDE World Cup 2025 will feature 206 players competing in a knockout format. The event has used several formats over the years, but since 2021, it has followed a single-elimination format. Each round spans three days: two classical games on the first two days, followed by tie-breaks on the third day, if necessary. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo In the first round, the top 50 players receive byes, while players seeded from 51 to 206 compete, with pairings based on the principle of the top half versus the reversed lower half. What's at stake? The top three finishers of the 2025 World Cup will earn direct qualification for the 2026 Candidates Tournament, which determines the challenger for the World Chess Championship. Who can qualify? Players can qualify for the World Cup through various avenues, including: Reigning World Champion as of June 1, 2025 Top four finishers from the FIDE World Cup 2023 Reigning Women's World Champion as of June 1, 2025 2024 World Junior Champion (U-20) Qualifiers from Continental events (accounting for 80 spots) The 13 highest-rated players in the June 2025 FIDE standard rating list who have not qualified via other routes Top 100 national federations from the 2024 Chess Olympiad open section, each receiving one spot 4 nominees of the FIDE President Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!

GNG Electronics IPO: GMP robust at 31% ahead of issue opening. Here's all you need to know
GNG Electronics IPO: GMP robust at 31% ahead of issue opening. Here's all you need to know

Time of India

time24 minutes ago

  • Time of India

GNG Electronics IPO: GMP robust at 31% ahead of issue opening. Here's all you need to know

GNG Electronics Ltd's shares are currently commanding a grey market premium ( GMP ) of Rs 74–76, indicating an expected upside of approximately 31.22% over the issue price, ahead of its mainboard IPO opening on July 23. The IPO will remain open for subscription until July 25. Explore courses from Top Institutes in Select a Course Category Technology Others Data Science MCA Product Management healthcare Finance Leadership Data Science MBA Management others CXO Public Policy Degree Healthcare Design Thinking Artificial Intelligence Project Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist: The Best Method for a Flat Stomach After 50 (It's Genius!) Lulutox Undo The GMP reflects the difference between the IPO's expected listing price and its issue price, based on unofficial trading in the grey market prior to the official listing. While GMP trends often serve as indicators of investor sentiment and perceived demand, they are not guaranteed predictors of actual listing performance. GMP is an unofficial and unregulated metric and should not be treated as a definitive assessment of a stock's listing-day gains or long-term potential. GNG Electronics' IPO comprises a fresh issue of 1,68,77,637 shares aggregating up to Rs 400 crore, along with an offer-for-sale (OFS) of 25,50,000 shares amounting to Rs 60.44 crore. The total issue size stands at Rs 460.43 crore, and the equity shares will be listed on both the BSE and NSE. Live Events The allotment of GNG Electronics shares is scheduled for July 28, 2025, with the listing date tentatively set for July 30, 2025. Retail investors can apply for a lot size of 63 shares, amounting to approximately Rs 14,931 per lot. High-net-worth individual (HNI) investors are classified into two categories: small HNIs (S-HNI), with a lot size of 882 shares (Rs 2,09,034), and big HNIs (B-HNI), who can bid for 4,221 shares (Rs 10,00,377). The retail investor quota accounts for 35% of the total offer. Bigshare Services Pvt Ltd is the registrar for the IPO. The issue is being managed by Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited , and JM Financial Limited . While current GMP trends suggest strong investor sentiment for GNG Electronics, market experts advise caution, noting that grey market movements are unofficial, unregulated, and highly volatile. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store