NFL Insider Reveals Massive Broncos Price Tag
However, ESPN’s NFL insider adam schefter said there was no favorite in the second round of betting.
But the delay was for naught as Walton, his daughter Carrie and son-in-law Greg Penner became the new owners of the legendary team.
National NFL Network insider Ian Rapoport revealed the final price was around $4.65 billion.
This is the highest amount paid for a major sports team in the United States.
It tops the $2.35 billion David Tepper paid in 2018 to own the Carolina Panthers.
From there, franchise prices will continue to rise as teams and potential buyers refer to the agreement reached between the Walton-Penner family and the Pat Bowlen Trust.
Broncos President and CEO Joe Ellis said: “While this purchase and sale agreement awaits approval from the NFL Finance and League Ownership Committee, today marks an important step on the way to an exciting new chapter in Broncos history.”
Meanwhile, Walton has revealed that in addition to his family, Ariel Investments CEO Mellody Hobson will also join the ownership group.
He added, “We look forward to earning the trust and support of the NFL as we take the next step in this process.”
The Waltons almost have a monopoly on Colorado sports franchises
The purchase of the Broncos adds to family ownership of major sports teams.
Stan Kroenke and his wife, Ann Walton Kroenke, own the Denver Nuggets of the NBA and the Colorado Avalanche of the NHL.
It’s unclear if they’re aiming to get the Colorado Rockies, which is currently owned by Richard and Charles Monfort.
But whatever their next move, Broncos fans should celebrate this development with the fact that they have a team that should make the playoffs.