The Kansas City Chiefs are a professional American football team based in Kansas City, Missouri. The Chiefs compete in the National Football League as a member club of the league's American Football Conference West division. The team was founded in 1960 as the Dallas Texans by businessman Lamar Hunt and was a charter member of the American Football League. In 1963, the team relocated to Kansas City and assumed their current name. The Chiefs joined the NFL as a result of the merger in 1970. The team is valued at over $2 billion. Hunt's son, Clark, serves as chairman and CEO. While Hunt's ownership stakes passed collectively to his widow and children after his death in 2006, Clark represents the Chiefs at all league meetings and has ultimate authority on personnel changes.
The Chiefs have won three AFL championships, in 1962, 1966, and 1969 and became the second AFL team to defeat an NFL team in an AFL–NFL World Championship Game, when they defeated the Minnesota Vikings in Super Bowl IV.