Five potential Broncos buyers begin refining their bids

NFL: DEC 12 Lions at Broncos
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They’re not “finalists” yet, but they’re getting there.

Via Ben Fischer of Sports Business Journal, five groups have submitted proposed amendments to a potential contract for sale of the Denver Broncos. A second round of formal bids is coming in June.

Lawyers for the five interested groups were asked to make any proposed changes to formal agreements, a tactic aimed at identifying potential dealbreakers early.

The groups are led by Walmart heir Rob Walton, Dodgers investor Todd Boehly, and 76ers co-owner Josh Harris. Magic Johnson is part of the Harris group. The other two groups have largely been kept anonymous however, Mike Klis of 9News.com reported recently that media mogul Byron Allen fronts one of the remaining two.

It’s expected that a winner will be selected before training camps open, and that final negotiations will stretch through the preseason. The goal remains to havre a new owner in place by the start of the regular season.

We’ve previously reported that, by the time the final haggling concludes, the price to be paid will be at least $5 billion. Whatever the final number, it’ll be the richest transaction for an American sports team. And the number, for NFL franchises, will likely keep going up.

5 responses to “Five potential Broncos buyers begin refining their bids

  1. It would’ve been a Denver Broncos fan’s dream come true if Peyton Manning had the money to purchase and acquire majority ownership of the team and not another billionaire just “checking off the list” of accumulating wealth with zero NFL franchise building knowledge and background.

  2. Unless they say “uncle” I don’t think anyone will out bid the Waltons. To me it sounds like fuzzy finances as they definitely are trying to get black ownership or minor black ownership. I never hear d of the idea of more then one bid.

  3. Five billion dollars to own a team in the most corrupt league in North America

  4. Walton will be 78 this year. Do the Broncos and NFL really want to go through another episode like the Bowlen mess in the next 10 – 15 years? I’d like to see one of the other parties take ownership and bring stability to the franchise for a few decades. Plus, Walmart’s Mile High Stadium sounds so awful.

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