View: https://twitter.com/RapSheet/status/1488588058874331141
Vegas odds are the ownership group of @Loyal and LaChamp and Peyton Manning are the front runners.
Denver Broncos up for sale
- Thread starter OldSchool
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View: https://twitter.com/RapSheet/status/1488588058874331141
Vegas odds are the ownership group of @Loyal and LaChamp and Peyton Manning are the front runners.
*empties pockets looking for change...
I’ve bid two pound fifty and a packet of rolos, waiting to hear back.
Amazon's Jeff Bezos apparently wants an NFL team, although I was holding out hope that he'd go after the Chargers and move them back to San Diego.
I feel bad for my brother, who became a Broncos fan after he got into football. They're not even a bad team; they just lack a quarterback. And now? Now they're lacking an owner, and as we know all too well, it's hard to find a good owner.
Rob Walton, cousin by marriage of Stan Kroenke, prepares to bid on the Broncos
Coming this fall, it's Oligarch in the Family.
profootballtalk.nbcsports.com
Rob Walton, cousin by marriage of Stan Kroenke, prepares to bid on the Broncos
S. Robson Walton, cousin by marriage of Rams owner Stan Kroenke, will be making a bid to buy the Denver Broncos, according to Josh Kosman of the New York Post.Walton, the son of Walmart founder Sam Walton, served as the chairman of Walmart from 1992 through 2015.
The 77-year-old Walton was expected to submit a bid on Friday in excess of $4 billion. That’s the minimum price for buying the team, per the Post.
“A bid needs to have a four in front of it,” a source close to the process told the Post. At an estimated worth of $70 billion, Walton presumably can offer more than anyone else, which would be enough to secure the team. Although the league reportedly had hoped that the team would be sold to a group led by a minority, the Broncos currently are held in trust — and the trustees have a fiduciary duty to maximize the return.
The final price, per the Post, is expected to land between $4.5 billion and $5 billion.
Kroenke’s family owns two major-league sports teams in the Denver market, the Colorado Avalanche of the NHL and the Denver Nuggets of the NBA.
Walton, if he becomes the owner of the Broncos, would land at No. 3 on the Forbes list of the richest sports owners, knocking Panthers owner David Tepper (the only NFL owner on the list) from No. 8 to No. 9.
It’s a reminder that the only factor that matters when it comes to buying an NFL team is money. It doesn’t matter whether Walton knows anything about football or the Broncos, cares about football or the Broncos, or even likes football or the Broncos. It doesn’t matter whether he’ll be a good steward of the team. For him, it could simply be a buy-low-sell-high investment.
NFL franchises have become cash cows. Even at $5 billion, Walton will get a return on his investment — since the value of NFL franchises will only continue to go up and up and up.
Elmgrovegnome
Legend
A guy of Walton's means buying the Broncos is good for the league. They need more billionaires in the canoe club and less hand-me-down owners with shallow pockets. It's just shitty for fans to have an owner living off the team like Georgia did or even just limited by resources.
That's not to say that I want to see Denver win. I hate the Broncos just like all teams who have orange in their colors. It's nice to see those fuckers losing.
That's not to say that I want to see Denver win. I hate the Broncos just like all teams who have orange in their colors. It's nice to see those fuckers losing.
