Chiefs team valued at $762 Million. 3 NFL teams worth over a Billion

[BigRedChief]

The Kansas City Chiefs are owned by Lamar Hunt family, who bought them in 1960 for $25,000 are now worth $762 Million. 19th out of 32 teams.

The Chiefs took in $181 million in revenue. Had $100 million in player expenses.

3 teams are worth more than a Billion.

The link:
http://www.forbes.com/lists/2005/30/309072.html

[Mr. Laz]

i wonder how they rank in yearly profit?

[Donger]

WTF?

The skinny
The Denver Broncos are still paying the price for skirting the league's salary cap rules during the franchise's glory years. This year the team lost their third-round pick in the draft and will pay a $950,000 fine for undisclosed salary agreements made with select players from 1996 to 1998. The Broncos also had to surrender a third-round pick and pay a fine of slightly less than $1 million in 2001 under similar circumstances for contracts that were awarded for former Bronco quarterback John Elway and running back Terrell Davis.

[Mr. Laz]

WTF?

The skinny
The Denver Broncos are still paying the price for skirting the league's salary cap rules during the franchise's glory years. This year the team lost their third-round pick in the draft and will pay a $950,000 fine for undisclosed salary agreements made with select players from 1996 to 1998. The Broncos also had to surrender a third-round pick and pay a fine of slightly less than $1 million in 2001 under similar circumstances for contracts that were awarded for former Bronco quarterback John Elway and running back Terrell Davis.

http://www.msghelp.net/images/old_news.jpg

[Donger]

http://www.msghelp.net/images/old_news.jpg

Meh.

I've seen people mention that the Broncos 'cheated' back then, but I didn't know that they were punished.

[BigRedChief]

The skinny
Last November Kansas City area voters struck down a sales-tax proposal that would have provided the bulk of the revenue for a much-needed renovation for antiquated Arrowhead Stadium, which opened in 1972. The Chiefs, who operate the stadium for football games and some non-football events like soccer, need more revenue from suites and club seating to remain among the financial elite in the NFL. Look for wealthy Lamar Hunt to build a new stadium.

I'd sure like to know where Forbes gets this Lamar is going to build a new stadium info.......:hmmm:

[ChiefsCountry]

Washington, Dallas, and New England own their stadiums thus their values go up bc of that.

[shaneo69]

Article on www.fairandbalancedkcchiefs.com refuting this data in 5...4...3...2...1...