• Loading stock data...
Saturday, November 23, 2024

Relocation? Contracts? Chiefs Tackle Distractions in Quest for Three-Peat

  • The Chiefs open the NFL season Thursday night against the Ravens.
  • Kansas City could become the first team to win three consecutive Super Bowls.
Kirby Lee-USA TODAY Sports

As the Chiefs embark on the historic opportunity to become the first NFL team to win three consecutive Super Bowls, it’s taking a true franchise-wide effort to block the outside noise and accomplish the goal at hand.

“Our job is to eliminate those distractions from the football team,” Mark Donovan, who leads Kansas City’s business efforts as team president, tells Front Office Sports. But it’s not always that simple. “You can’t ignore it,” Donovan says of three-peat talk. “So, we have been pretty aggressive and strategic on: How can we utilize this opportunity?” 

Before accepting any off-field opportunity—another sponsor, media partner, etc.—the Chiefs evaluate whether it will attract the right attention. “You can imagine the opportunities that have come across our desk since last year are significant,” Donovan says. “And you’ve got to take a measured approach to that. We’ve got to take advantage of the right ones. We’ve gotta execute them the right way. But we also have to turn down a lot.”

Home Sweet Home

Another potential distraction the Chiefs dealt with over the offseason was a sticky stadium situation. The franchise is keeping its options open after voters in Jackson County, Mo., nixed a proposed sales tax measure to fund Arrowhead Stadium renovations. Since then, Kansas officials have tried to lure the NFL team across the state line.

While there’s no deadline in place to solidify a stadium plan, Donovan admits the Chiefs’ lease expiring in early 2031 makes things tight. “We’re going to need a place to play that next season,” he says. “If you do that timeline: If you’re renovating the stadium, it’s four or five years. If you’re building a new stadium with infrastructure, new site, and everything else, it’s probably five or six years.”

Conversations are continuing, evidenced by the Chiefs’ annual kickoff luncheon last week being attended by governors from both Missouri and Kansas for the first time.

Cash Flow

Chiefs owner Clark Hunt has said his franchise—which Forbes ranked as the 24th-most-valuable in the NFL at $4.85 billion—isn’t thinking about adding a private equity investor right now. But that could change down the road, as ownership groups across the league look for more liquidity and flexibility.

“Certain clubs are going to look at it as a way to help finance their investment, whether it’s a stadium or something else,” Donovan says of the NFL’s new private equity policy. “And it’s something that we will look at in the future.”

International Flair

Last season, the Chiefs played in the NFL’s first game in Frankfurt, Germany. Donovan says Kansas City would love to go back abroad, if given the chance. “One of the challenges with playing again in Germany is a lot of teams have seen the success that we and other franchises have had, and everybody’s getting in line to play,” he says.

The Chiefs rank near the top of the league in revenue generated from international sponsors, per Donovan, boosted by several multi-year corporate deals with German brands.

Whether it’s in Europe, Kansas City, or anywhere else, the Chiefs are embracing the spotlight as two-time defending Super Bowl champions. “Everybody talks about the stress and the pressure of being in a position like this,” Donovan says. “We look at it—and I know this team looks at it—differently. They look at it as: We worked really hard to be in this position, let’s go take advantage of it.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

podcast thumbnail mobile
Front Office Sports Today

How Conference Expansion Has Changed College Football

0:00

Featured Today

Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.
Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.
November 21, 2024

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
Sep 7, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates with owner Michel Kang and Washington Commanders owner Magic Johnson after scoring a goal against Portland Thorns FC during the second half at Audi Field

The NWSL Has Become the New Darling of Ambitious Investors

The NWSL is in a hyper-growth era, and cash is flowing in.
Sep 25, 2024; Uncasville, Connecticut, USA; Indiana Fever guard Caitlin Clark (22) reacts during the first half against the Connecticut Sun during game two of the first round of the 2024 WNBA Playoffs at Mohegan Sun Arena.
November 21, 2024

Caitlin Clark Has Told Unrivaled She Won’t Play in Inaugural Season

Clark has definitively told Unrivaled that she won’t be playing this year.
Nov 16, 2023; Las Vegas, Nevada, USA; McLaren F1 Team driver Oscar Piastri of Australia (81) during free practice at Las Vegas Strip Circuit.
November 21, 2024

F1 Welcomes Second Chapter of Polarizing Las Vegas Grand Prix

Both championship battles have yet to be clinched entering the Las Vegas race, which was not the case last year.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Rose Zhang congratulates her teammate Sahith Theegala after making his putt on the 9th green at the Grant Thornton Invitational at Tiburon Golf Club in Naples on Friday, Dec. 8, 2023.
November 20, 2024

TGL Considering Mixed Event, Women’s League Amid LPGA Talks

The new league from Tiger Woods and Rory McIlroy launches in January.
Oct 16, 2024; New York City, New York, USA; MLB Commissioner Rob Manfred before game three of the NLCS for the 2024 MLB playoffs at Citi Field.
November 20, 2024

Manfred Urges Patience on Rays Ballpark, Eyes MLB Media Shift

The commissioner also sees a new era emerging in the sport’s local media landscape.
November 19, 2024

LPGA’s Richest Season Ever Set to Crown a Record-Breaker

The current record is $4,364,994 by Lorena Ochoa in 2007.
Jalen Brunson (left) and Rick Brunson
November 19, 2024

Knicks Say NBA Is Out to Get Them After Latest League Probe

The team accused the league of retaliation Monday.