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The Kansas City Chiefs are a professional American football team in Kansas City, Missouri. A member of the West Division of the American Football Conference (AFC) in the National Football League (NFL), the team was founded in 1960 as the Dallas Texans, a charter member of the American Football League (AFL). In 1963, the team relocated to Kansas City and assumed their current name, joining the NFL in the 1970 AFL–NFL merger. The team is valued at just under $1 billion.[3]