Saturday September 23, 2023
The Best Employers in Sports Survey is Now Open!

NFL Wants Fully Capitalized Bids for Denver Broncos

  • The NFL is requiring that bids for the Denver Broncos be fully capitalized.
  • The league is looking to prevent a similar situation to the 2018 sale of the Carolina Panthers.
Ron Chenoy-USA TODAY Sports/Design: Alex Brooks
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Copy Link
Link Copied
Link Copied

The NFL is requiring that bids for the Denver Broncos be fully capitalized to restrict buyers from raising money after an offer has already been made.  

The club announced it was for sale on Feb. 1.

The league is looking to prevent a similar situation to the 2018 sale of the Carolina Panthers, which received investor-heavy offers from businessmen Ben Navarro and Alan Kestenbaum, but was only completed after billionaire David Tepper stepped up with a winning bid of $2.2 billion

  • The Broncos are expected to sell for a record price between $3.5 billion and $4 billion.
  • The NFL will allow $1 billion of acquisition debt.

Currently, the Broncos are owned by the Pat Bowlen Trust, and its trustees have a fiduciary duty to get the most money possible from the sale, which must be approved by the NFL to be finalized.

Potential Buyers 

BuyTheBroncos, a decentralized autonomous organization (DAO), is looking to raise over $4 billion to purchase the team. However, the DAO faces an uphill battle, as NFL bylaws require every ownership group to have a principal owner with a 30% stake and caps groups at 24 people.

Prospective minority owners Byron Allen and venture capitalist Robert Smith have expressed interest, along with a group that includes Peyton Manning and John Elway. Philadelphia 76ers and New Jersey Devils co-owner Josh Harris and Amazon founder Jeff Bezos could also bid.

Copy Link
Link Copied
Link Copied

What to Read


NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Fanatics is buying auction marketplace PWCC.

Fanatics Nabbing WWE Rights In Latest Win Over Panini

Fanatics will take over WWE's trading card rights.

RFK Stadium Bill Advances in Congress

Congress' vote is the first step towards returning the NFL to D.C.

Can Amazon Keep Up NFL Viewership Boost After Record Week 1?

The San Francisco 49ers and New York Giants face off on Thursday night.
podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever


Featured Today

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.
September 22, 2023

Warriors Stake Reportedly Up For Sale at $7B Valuation

A 10% stake in the franchise could cost $700 million.
September 22, 2023

Jaguars Threaten Move Without $1B From Jacksonville Taxpayers

The Jagaurs are hoping to renovate TIAA Bank Field for $2 billion.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire
PFL Bellator
September 1, 2023

Professional Fighters League in Discussions to Acquire Bellator

The Professional Fighters League is seeking to purchase Bellator MMA.
CAA logo on side on building
August 31, 2023

French Billionaire Nears $7B Deal For Talent Agency CAA

Pinault showing confidence in agency business despite existential challenges
August 24, 2023

Everton Woes Continue After $190M Deal with MSP Sports Capital Collapses

Last-place Premier League club faces range of troubling issues