The New England Patriots finished the National Football League's 1994 season with a record of ten wins and six losses, and finished tied for first in the AFC East division. The team's 35th season in football, 1994 marked the debut of Robert Kraft as team owner. A long-time season-ticket holder, Kraft has steadily built up a business empire to where in the late 1980s he was able to purchase the land around Sullivan Stadium and then the stadium itself – which he renamed "Foxboro Stadium" – and thus got control of the lease the team held with the stadium. This gave him a level of control over the team that new owners Victor Kiam and James Orthwein underestimated, to where in January 1994 Orthwein sold the team to Kraft, for nearly $200 million.