Rob Walton Frontrunner To Buy Broncos

The list of prospective Broncos owners has narrowed to five, according to Troy Renck of Denver7. An NFL-record bid should be expected here, and the winning price is set to smash the previous mark David Tepper set four years ago when he bought the Panthers for $2.275 billion.

Rob Walton is believed to have submitted an opening bid of more than $4 billion, according to Josh Kosman of the New York Post. A Walmart heir worth more than $70 billion, Walton, 77, is the favorite to acquire the AFC West franchise, per Kosman and Renck (Twitter link). The highest bid must be accepted, with the sale then going to a league vote.

The Broncos are only accepting bids north of $4 billion at this point, with Kosman adding the price is expected to be between $4.5-$5 billion. Even a $4 billion price would exceed the cost for any American sports franchise by a wide margin. The Brooklyn Nets were sold for $3.3 billion, representing the current high-water mark. The prospective buyer list has been narrowed to five, Renck adds. New Jersey Devils owner and Philadelphia 76ers managing partner Josh Harris remains in the running, with Lakers and Dodgers investor Todd Boehly heading a third ownership group that remains in contention, according to Sportico.

The Broncos went on the market in February; they are set to begin hosting candidates by early May, Renck adds. Team CEO Joe Ellis has said he wants a new owner in place before the 2022 season starts. Both John Elway and Peyton Manning have been linked to interest in being part of separate ownership groups. The latest reports have not mentioned either Hall of Famer, but Ellis said at the owners meetings the two are not out of the mix altogether.

They’ve inquired is what I would tell you,” Ellis said, via Mike Klis of 9News. “Certainly, I think either one would be well-accepted by a group if a group or a potential owner would want to include them in the group. We’ll see where that shakes out.”

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