Jay-Z, Jeff Bezos Line Up as Potential Suitors to Buy Denver Broncos
In SummaryPurchasing the Denver Broncos could result in possibly the biggest franchise sale in U.S. sports history.
The Denver Broncos could hit the open market in 2022, leading a new owner to hand over funds for possibly the biggest franchise sale in U.S. sports history.
Former Denver Broncos owner Pat Bowlen previously purchased the franchise for $78 million in 1984. He passed away in June 2019, which revealed an onslaught of family disputes involving his seven children. Two of his daughters filed lawsuits, but the cases were dismissed in July.
The Broncos’ franchise is currently not for sale, but purchasing the team could cost upward of $4 billion.
Two names continue to pop up as potential new owners for the franchise: Jay-Z and Jeff Bezos.
Rap mogul Jay-Z became hip-hop’s first billionaire in 2019. Forbes estimated his net worth to be around $1.4 billion. According to the NFL’s rule on owning a team, Jay-Z would need more money to become the controlling owner of a team that could sell for $4 billion. Jay-Z would need to control at least 30% of the franchise.
In 2020, Bezos, the founder of Amazon and one of the richest men in the world, became the first person ever to be worth $200 billion. Bezos, who has been interested in owning an NFL team, could buy the Broncos outright.