The Broncos’ ownership search will reach a critical stage Monday afternoon when four groups are expected to submit second-round bids to purchase the franchise, a source confirmed. Over the past month, representatives from the groups have traveled to the Denver area to meet with Broncos executives and tour the team’s facility and Empower Field at Mile High. Forbes reported this morning that bankers believe Rob Walton will have the winning bid of $4.5 billion although that is complete speculation/projection since the bids have not been submitted yet. A source said in early May that once the second round of proposals are submitted, it is possible a new owner would be selected or two groups would advance to a next round. It remains certain the Broncos’ eventual sale price will be a record for an American pro sports franchise. The Broncos, on sale for the first time since Pat Bowlen bought the team in 1984, are expected to command at least $4 billion and potentially $4.5 billion.
Broncos Ownership: Four Groups Expected To Submit Second-round Bids To Purchase Franchise
Ryan O’Halloran, Denver Post: Sports
Mon, 06/06/2022 - 10:10am
Topics: empower field mile high american pat bowlen panthers nfl s finance committee josh harris jose feliciano/behdad eghbali no bloomberg billionaires index sam arkansas columbia law school conner winters tulsa okla greg penner penner stan kroenke avalanche nuggets rapids los angeles rams ann walton s apollo global management leon black marc rowan david blitzer philadelphia new jersey devils hbse harris blitzer sports entertainment crystal palace london ceo michigan-based united wholesale mortgage justin umw shore capital partners michigan state tom uwm puerto rico princeton states goldman sachs robert smith related articles journal randy gregory kickin it kiz wilson jonas griffith super bowl-winning october calvin anderson stanford clearlake capital eghbali feb joe ellis allen co prosakuer rose llp broncos denver forbes walton rob walton nfl he in harris harris mat ishbia feliciano feliciano behdad eghbali eghbali feliciano walmart rob blitzer steelers ishbia united mat ishbia s izzo clearlake groups franchise expected to submit second-round bids submit second-round bids to purchase team company source co-founded firm million confirmed friend basketball named submitted selected meet facility price record chairman worth stake owns
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