Chiefs’ documents offer insights into team’s financials
The 1980s was a rough decade for the National Football League, especially the Kansas City Chiefs, before the league’s teams grew into billion-dollar enterprises. The Chiefs were a break-even business for decades, the Kansas City Star reported after retrieving financial documents.
The Chiefs emerged as a moneymaker by 2010, based on tax returns from that year.
Documents show that the Chiefs’ on-field performance has little correlation with how much the football operation makes. The tax returns also showed that team founder Lamar Hunt’s adult children split about $40 million in gross operating income. They were said to have reinvested nearly $20 million in the Chiefs.
The tax returns show the Chiefs grossed $231 million in 2008 and $302 million in 2010.
Read more: Kansas City Star.
