Broncos sale price: How NFL's record-breaking deal compares to list of most expensive American sports franchise sales – Sporting News

After years of uncertainty, the Broncos have finally found a new owner. The franchise announced late Tuesday that the team had been sold to a group led by Rob Walton, son of Walmart founder Sam Walton.
The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the team.

Statements: pic.twitter.com/tMcfuAifeS
With the purchase, Walton becomes the NFL’s wealthiest owner, and it’s not close. According to Bloomberg, Walton’s net worth is $59.2 billion. That makes him the 17th-wealthiest person in the world. By comparison, the league’s second-wealthiest owner, David Tepper of the Panthers, is reportedly worth $16.7 billion.
Walton’s group is buying the franchise from the Pat Bowlen Trust for an eye-opening price. Sources told 9NEWS’s Mike Klis that the group agreed to pay $4.65 billion to acquire the franchise. That’s a record sale price for an American sports team.
Per industry source, the sale price for the Broncos is a U.S. sports-franchise record $4.65 billion. It’s clear how much Walton-Penner group wanted Broncos. #9sports
The group is composed of Walton; his daughter, Carrie Walton Penner, and son-in-law, Greg Penner; and Mellody Hobson, co-CEO of Ariel Investments.
MORE: NFL’s 25 highest-paid players in 2022
The $4.65 billion price smashes the record for most expensive NFL team. Tepper bought the Panthers for $2.275 billion from Jerry Richardson in 2018.

source

Be the first to comment

Leave a Reply

Your email address will not be published.


*