It’s been just over a month since a report broke that Walmart’s Rob Walton intended to submit a bid north of $4 billion. Now a source told Mike Florio of Pro Football Talk that the final sale price of the team is expected to exceed $5 billion.
Per source with knowledge of the dynamics of the process, the sale of the Broncos is now expected to generate at least $5 billion.— ProFootballTalk (@ProFootballTalk) May 10, 2022
Competition has been heavy with five potential suitors emerging in early May to earn the winning bid for the Denver Broncos franchise.
Of the five potential bidders still in it, only three are known at this time. Rob Walton being the supposed front-runner along with an ownership group led by Philadelphia 76ers co-owner Josh Harris who also enlisted NBA legend Magic Johnson in the bid. The third, Todd Beohly, recently won a bid to purchase a premier soccer club in England in Chelsea, so he may not be among the front-runners now.
This bidding war may even double up the previous record price for an NFL franchise. Crazy!
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