The Denver Broncos are up for sale, and the latest party to express interest in buying the team is Rob Walton, son of late Walmart founder Sam Walton.
Walton has an estimated net worth of $65.2 billion — a significant number compared to the expected sale price of $3.5 billion to $4 billion. A price tag higher than $3.3 billion would reportedly be a record price for a sports franchise.
While Walton has the funds to buy the team on his own, other bidders are joining groups.
- A group including former Broncos quarterbacks Peyton Manning and John Elway have expressed interest.
- Media mogul Byron Allen is reportedly looking to put in a bid, which would make him the first Black majority owner of a franchise in the league.
- The same goes for the country’s richest Black man, Robert Smith, who has considered a bid. He’s estimated to be worth roughly $9 billion.
Basketball, Baseball, Betting, Broncos
The NFL announced earlier this month that bids for the team are required to be fully capitalized, which would restrict buyers from raising money after an offer is made. The league also said it would allow $1 billion of acquisition debt.