Sports Business Rundown: $1 Billion Valuation Puts Chiefs In Elite Company

Arrowhead Stadium | Photo courtesy of Creative Commons
Arrowhead Stadium | Photo courtesy of Creative Commons” credit=” 

Forbes recently released its list of the 50 most valuable sports teams in the world, recognizing 33 teams for being worth $1 billion or more. The Kansas City Chiefs, who are worth $1.008 billion, ranked 30th. The Chiefs, owned by the Lamar Hunt family, are the only Missouri-based team on the list.

In 2010, Arrowhead stadium underwent a $375 million renovation that helped boost team revenue. This offseason, the Chiefs continued to make additions in hiring head coach Andy Reid and general manager John Dorsey and bringing in Alex Smith as the new starting quarterback.

European soccer clubs monopolized the top of the Forbes list, with Real Madrid occupying the No. 1 spot and Manchester United and FC Barcelona following at second and third. The New York Yankees and Dallas Cowboys rounded out the top five.

Mizzou football expenses rise

The Memphis Business Journal dove into the football expenses of the 14 Southeastern Conference teams from 2010 to 2011 to determine year-over-year monetary growth. For Missouri and Texas A&M, who left the Big 12 for the SEC last year, the publication used the teams’ final two seasons as members of the Big 12.

Missouri’s expenses rose 2 percent from 2010 to 2011, growing from $14.9 million to $15.2 million. The Tigers’ total for 2011 ranks 11th in the SEC, which saw a 1.9 percent decrease in spending as a conference.

Tweet of the Week

This tweet comes in response to the MLS All-Star Game fashion show that will take place on July 30. Soccer players will be displaying 20 outfits designed by All-Star Sporting Kansas City defender Aurelien Collin. The clothing line, titled AC78, features sketches done by Collin. Tom Paolini of Paolini Garment Co. will make the clothing.

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