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Kansas City Chiefs Named 28th Most Valuable Team By Forbes

KANSAS CITY MO - AUGUST 27: Owner Clark Hunt of the Kansas City Chiefs looks on prior to a preseason game against the Philadelphia Eagles at Arrowhead Stadium on August 27 2010 in Kansas City Missouri.  (Photo by G. Newman Lowrance/Getty Images)
KANSAS CITY MO - AUGUST 27: Owner Clark Hunt of the Kansas City Chiefs looks on prior to a preseason game against the Philadelphia Eagles at Arrowhead Stadium on August 27 2010 in Kansas City Missouri. (Photo by G. Newman Lowrance/Getty Images)
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As Forbes Magazine rolls out its latest list of the most valuable sports franchises, the Kansas City Chiefs are coming up in a great spot for the Hunt family at No. 28 overall. In the world of professional sports, that's a nice valuation for the Chiefs to pick up.

From the report, "The Chiefs posted a disappointing 7-9 record in 2011. The highlight of the year was a victory over the Green Bay Packers, who had won their first 13 games of the season. The win helped interim head coach Romeo Crennel secure the top spot on a permanent basis. The team wrapped up a $375 million renovation of their home, Arrowhead Stadium, in 2010."

The Chiefs were valued at $986 million overall and it's an impressive showing since the NFL is playing second fiddle to soccer on the global level. Manchester United ranks No. 1 overall with a price tag of over $2.3 billion and Real Madrid comes in second with $1.8 billion. All 32 NFL teams did make the rankings, so the Chiefs are somewhere in the midst of all of them.