Byron Allen’s Group Reportedly Still in Running for Broncos Sale

As the Denver Broncos inch toward a sale, the hefty price tag — which could be as high as $5 billion — hasn’t dissuaded at least one well-known name. 

Byron Allen — along with several investors — is one of the few bidders still in the mix, according to NBC’s Denver affiliate 9News.

• There are reportedly about five groups left after 10 submitted initial bids, but 9News reported that the number could oscillate.
• Josh Harris, owner of the Philadelphia 76ers and New Jersey Devils, is backed in part by Earvin “Magic” Johnson. 
• Rob Walton is also reportedly in contention. Harris and Walton both recently visited the Broncos’ facilities.

Los Angeles Dodgers and Lakers part-owner Todd Boehly — who just purchased Chelsea FC for $5.2 billion — could still buy the team, but that appears more unlikely.

Stadium Questions

Team president Joe Ellis has said that building a new, potential $2 billion stadium will “be the No. 1 decision the new owner will have to make.” 

A domed or enclosed facility would allow Denver to host a Super Bowl for the first time.