clock menu more-arrow no yes mobile

Filed under:

Broncos bidding war nears conclusion as Rob Walton reportedly favored

There is no winning bid just yet, but all signs are pointing towards Walmart’s Rob Walton as the Denver Broncos next owner.

If you buy something from an SB Nation link, Vox Media may earn a commission. See our ethics statement.

NFL: DEC 19 Bengals at Broncos Photo by Dustin Bradford/Icon Sportswire via Getty Images

The final bids for the Denver Broncos were due Monday by 3pm and the rumored favorite to win is none other than Walmart’s Rob Walton. According to Forbes, the winning bid will end up around $4.5 billion.

Rob Walton, an heir to the Walmart fortune, will win the bidding for the Denver Broncos at about $4.5 billion, several sports bankers told Forbes. Walton’s ownership team also includes his daughter Carrie and her husband, Greg Penner. The winning bid is expected to be announced as early as this month.

While the headline suggested the winning bid was his, the meat of the article left open the chances of another group succeeding in the takeover. However, none of the groups come close to the vast wealth at Walton’s disposal making the team his if he wants it.

Several in the local Denver media has refuted this report as well stating that the process is nearing its conclusion, but a winning bid has not yet been chosen. Which makes a lot of sense considering the dubious source of “several sports bankers” doesn’t quite add credibility to the headline Forbes elected to use. Though they may still prove correct.

We should expect the winning bid to be named as early as this month.

Horse Tracks

Broncos OTA report: As D generates pressure, Russell Wilson goes deep
Russell Wilson uncorked the deep ball for two big plays Monday, while Bradley Chubb led a pressure brigade off the edge.

Photos: An inside look at Day 7 of the Broncos' 2022 OTA practices
Take an inside look at the Broncos' seventh practice of the 2022 OTA slate.

Why Russell Wilson’s deep pass to Tim Patrick was even more impressive than meets the eye
"I look up and the ball is going and Tim ran a beautiful route, so that was awesome," Head Coach Nathaniel Hackett said.

Denver Broncos ownership: What we know and what comes next in the pending sale
The Broncos ownership sale is beginning to wind down with the second round of bids. Who are the candidates and what's the timeline?

OTA Tweets