After winning Super Bowl IV back in 1969, the Kansas City Chiefs went 50 years before playing in another last season. Led by superstar quarterback Patrick Mahomes and head coach Andy Reid, the Chiefs are now headed to the Super Bowl for the second straight season. They have emerged as one of the best NFL teams in the league over the past few seasons under the Kansas City Chiefs’ part-owner and president, Clark Hunt.
Let’s delve into the odyssey of how the Hunt family’s ownership came to be and how it has shaped the organization.
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 to be the “de facto owner”, representing the team at all of the 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 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. As of 12/16/2020, 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 Kansas City 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 last season, they were named the 23rd most valuable NFL franchise at a valuation of $2.5 billion, according to Forbes. That valuation had them ranked as the 45th most expensive professional sports franchise in 2020 as well.
History of Arrowhead Stadium
Their home stadium, Arrowhead Stadium, serves as 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”.
As a fun fact of trivia, quarterback Patrick Mahomes signed an endorsement deal with Hunt’s Ketchup back in 2018. But don’t let that confuse anyone with the Hunt family, who owns the Chiefs. While they share the same name, they are not related to each other anyway. Despite children’s classification of ketchup as its own food group, it was not responsible for the Hunt family’s wealth.
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. Since then, they have won 19 AFC West titles after joining the division in 1970 but ended a 50-year Super Bowl drought last season.