After winning Super Bowl IV in 1969, the Kansas City Chiefs went 50 years before playing in another. However, they have now appeared in two of the last three thanks to the excellent pairing of quarterback Patrick Mahomes and head coach Andy Reid. The Chiefs emerged as one of the best NFL teams in the league over the past few seasons under the Chiefs’ part-owner and president, Clark Hunt.
Who is the Kansas City Chiefs’ Owner?
The Chiefs have remained with the Hunt family since its inception in 1959. Lamar Hunt’s son, Clark, joined the Chiefs in 2005 as their chairman. When Lamar passed away in 2006, his second wife, Norma, and Clark’s siblings, Sharron, Lamar Jr., and Daniel, all inherited ownership stakes in the team. Clark was appointed the “de facto owner,” representing the team at all NFL owners’ meetings.
Lamar also founded three Major League Soccer franchises, the Kansas City Wizards (now known as Sporting Kansas City), the Columbus Crew, and FC Dallas. Clark remains an owner of FC Dallas, while the other two franchises have since been sold off. Clark was also one of the key figures in helping to form the MLS as well.
Clark Hunt has also been the Chiefs’ CEO since 2010, following the resignation of long-time executive Carl Peterson. Since Clark became involved with the Chiefs in 2005, the team has had nine playoff appearances. Those playoff appearances include six straight dating back to 2015.
What’s the Hunt Family’s Net Worth?
The Hunt family’s wealth actually originated in the oil industry despite Lamar Hunt’s heavy involvement in professional sports franchises. Lamar’s father, H.L. Hunt, was an oil tycoon, and the character J.R. Ewing from the long-running TV series “Dallas” was inspired by him. Lamar would deviate from his father’s line of work and make his name in sports.
Today, the Hunt family owns the Chiefs, FC Dallas, and part of the NBA’s Chicago Bulls. Along with sports, the Hunt family is involved in energy, such as oil, along with real estate as well. In the last iteration of the richest families in the world, the Hunt family’s net worth was an estimated $16.6 billion dollars and was named the 18th richest family, according to Forbes.
Clark Hunt specifically, the Chiefs’ part-owner, has a net worth of $2 billion, according to CelebrityNetWorth.com.
How Much are the Kansas City Chiefs Worth?
Despite the Chiefs winning their first Super Bowl in 50 years back in 2021, they were named the 23rd richest franchise, coming in with a valuation of $3.7 billion. That represented an increase of 26% compared to the year prior.
History of Arrowhead Stadium
Their home stadium, Arrowhead Stadium, is one of the most recognizable NFL stadiums today. Opened in 1972, Arrowhead is actually the third-oldest NFL stadium. The only stadiums that are older are Lambeau Stadium (1957) and Soldier Field (1924). It’s known not only for its longevity but also the sheer power of volume it can generate with fans in the stands.
Even with it being one of the oldest stadiums, it actually has the fifth-highest capacity for seating at 76,416. It also holds the distinction of being the largest sports facility by capacity in the entire state of Missouri. On September 29th, 2014, the stadium achieved the Guinness World Record for the “loudest crowd roar.”
History of the Kansas City Chiefs
Lamar Hunt founded the franchise in 1959. The Chiefs were known originally as the Dallas Texans, first playing in the American Football League (“AFL”). Hunt not only founded the Dallas Texans but the entire AFL after failing to acquire a team in the National Football League (“NFL”).
Determined to run a successful franchise in his own hometown, Hunt had the Texans play in Dallas despite facing direct competition from the Cowboys, who were in the NFL. The Texans became the Chiefs after relocating from Dallas to Kansas City in 1963. From its inception in 1960 until its merger with the NFL in 1970, the team won four AFL Championships and one Super Bowl.
Hunt was a key figure in negotiating the “AFL-NFL World Championship Game” agreement. It would later be renamed the “Super Bowl” after the popular children’s toy, the Super Ball. The AFL would merge with the NFL following the Chiefs’ Super Bowl victory in 1969.
Recently, the Chiefs have found significantly more success. After their Super Bowl victory in 2020, they returned a second year in a row in 2021. Unfortunately, they could not get the win against a Tom Brady-led Buccaneers team, but they flexed their AFC dominance nonetheless.