The new date is Jun 8, 2022.
A family consortium led by Walmart heir Rob Walton has agreed to buy the Denver Broncos for a reported sum of $4.65 billion, ending several years of court battles and family drama.
The Denver Broncos will be acquired by a family consortium.
Broncos President and CEO Joe Ellis said he was confident that the group would help the team achieve great things on and off the field.
"My family has always admired the Broncos and I am thrilled to move forward with the purchase," he said.
Walmart chairman Greg Penner and his wife, Carrie Penner, are part of the new ownership group.
The Walton-Penner family was one of four that advanced to a second round earlier this week.
The deal needs at least 24 favorable votes from the owners of the other 31 teams in order to be approved by the National Football League.
A total of $58.25 billion. Forbes has a real time tracker that tracks the net worth of people. If the deal goes through, David Tepper would be the richest owner of an NBA team, with a net worth of $16.7 billion.
The largest sale in the history of North American sport would be made by this deal. The previous record for an NHL team sale was the purchase of the Carolinas by Tepper. Steven Cohen bought the New York Mets for over two billion dollars.
A group of trustees carried out the sale of the team. It was the subject of a lot of litigation in the Bowlen family. Bowlen gave control of the team to a board of trustees after he was diagnosed with Alzheimer's. The team could either be sold to a new owner or handed over to a Bowlen family member. The trustees moved forward with a sale after Bowlen's family infighting. Two of Bowlen's daughters tried to stop the sale by filing a lawsuit, but the case was dismissed before a trial. The franchise was put on the market.
The Walmart heir agreed to buy the Broncos for $4.75 billion.
Everything we know about the Denver Broncos sale.
The world's richest sports team owners are in 2020.
All Rights Reserved © 2024
