Quick Bit: With a reported price tag of $4.65 billion, the Broncos are far and away the most expensive franchise in American sports history.

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After years of uncertainty, the Broncos have finally found a new owner. The franchise announced late Tuesday that the team had been sold to a group led by Rob Walton, son of Walmart founder Sam Walton.

With the purchase, Walton becomes the NFL’s wealthiest owner, and it’s not close. According to Bloomberg, Walton’s net worth is $59.2 billion. That makes him the 17th-wealthiest person in the world. By comparison, the league’s second-wealthiest owner, David Tepper of the Panthers, is reportedly worth $16.7 billion.

How much are the Broncos being sold for?

Walton’s group is buying the franchise from the Pat Bowlen Trust for an eye-opening price. Sources told 9NEWS’s Mike Klis that the group agreed to pay $4.65 billion to acquire the franchise. That’s a record sale price for an American sports team.

The group is composed of Walton; his daughter, Carrie Walton Penner, and son-in-law, Greg Penner; and Mellody Hobson, co-CEO of Ariel Investments.

MORE: NFL’s 25 highest-paid players in 2022

The $4.65 billion price smashes the record for most expensive NFL team. Tepper bought the Panthers for $2.275 billion from Jerry Richardson in 2018.

The 10 most expensive American sports franchise sales

Team name (League)
Denver Broncos (NFL)
Rob Walton/Walton-Penner family/Mellody Hobson
$4.65 billion
New York Mets (MLB)
Steve Cohen
$2.4 billion
Brooklyn Nets (NBA)
Joseph Tsai
$2.35 billion
Carolina Panthers (NFL)
David Tepper
$2.275 billion
Houston Rockets (NBA)
Tilman Fertitta
$2.2 billion
Los Angeles Dodgers (MLB)
Guggenheim Baseball Management
$2.15 billion
Los Angeles Clippers (NBA)
Steve Ballmer
$2 billion
Buffalo Bills (NFL)
Terry and Kim Pegula
$1.4 billion
Seattle Mariners (MLB)
John Stanton
$1.4 billion
Miami Marlins (MLB)
Bruce Sherman and Derek Jeter
$1.2 billion

Originally found on Sporting News Read More

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