• Loading stock data...
Sunday, July 6, 2025

DAO Seeks to Raise $4B to Buy Denver Broncos

  • A decentralized autonomous organization is seeking to raise $4 billion to buy the Denver Broncos.
  • It’s unclear if the bid meets NFL bylaws.
Denver-Broncos
Isaiah J. Downing-USA TODAY Sports/Design: Alex Brooks

Another group has entered the fray for ownership of the Denver Broncos — representing not just a new bidder, but an entirely new concept.

BuyTheBroncos, a decentralized autonomous organization (DAO), is looking to raise over $4 billion to purchase the team. 

  • The DAO, which uses blockchain technology to verify ownership and establish governance rules, includes a group of attorneys, accountants, software developers, and pro athletes. It is led in part by former Cisco attorney Sean O’Brien.
  • “The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos,” O’Brien told CNBC.
  • Colorado Gov. Jared Polis announced the state would accept cryptocurrencies for tax payments, expressed support for the project, and said he would “be excited to be part of it myself.”

The DAO could conflict with NFL bylaws, which require every ownership group to have a principal owner with a 30% stake and cap groups at 24 people.

Growing Herd

A handful of others are considering a bid for the team. Byron Allen and groups that include John Elway and Peyton Manning have all shown interest. Robert F. Smith and Jeff Bezos have not committed to bids but could still enter the stakes.

The sale is expected to break the record for the largest sports team purchase in U.S. history.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.
exclusive

ESPN, Fox Reluctant to Share Talent With Netflix for Christmas NFL Games

ESPN talents who worked last year’s games include Laura Rutledge and Mina Kimes.

$600M for Browns Stadium Sparks Cleveland Backlash, Possible Lawsuit

The awarding of public funds draws criticism and could bring a lawsuit.
Jun 10, 2025; Pittsburgh, PA, USA; Pittsburgh Steelers quarterback Aaron Rodgers (8) drops back to pass during minicamp at their South Side facility.
opinion

Steelers Win-Now Mode Is Good News for NFL Media Partners

The conservative “Steeler Way” has finally adapted—and media partners are happy.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”

Liverpool to Pay Diogo Jota’s $20M Contract to His Widow

Jota had two years remaining on his contract.
Myles Turner
July 1, 2025

Pacers Sour on Paying Luxury Tax and Let Myles Turner Walk

The team had seemed willing to cross the threshold for their center.
July 2, 2025

Rogers Takes Control of Canada’s Top Teams in MLSE Buyout

The Canadian media giant now has an arguably unrivaled sports portfolio.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Manchester City
July 1, 2025

Manchester City Pockets $50 Million for Early Club World Cup Elimination

Saudi side Al-Hilal will bank at least $35 million in its quarterfinal run.
July 1, 2025

Bucks Shock NBA World By Waiving Lillard’s $113M Deal, Signing Turner

Damian Lillard had two years left on his deal.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Bennett (9) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
July 1, 2025

Panthers Lock Up Stanley Cup–Winning Core With Long-Term Deals

Hours before free agency, Florida cemented terms with their essential players.
June 30, 2025

Nuggets, Rockets Make Aggressive Moves to Challenge Thunder

Denver took the Thunder to seven games in the conference semifinals.