Sunday December 3, 2023

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

  • As the Denver Broncos inch toward a sale, the hefty price tag 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.
Denny Medley-USA TODAY
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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.

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