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.

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