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You are here: Home / Sports / NFL / Broncos Reportedly Set To Have A Famous New Owner

Broncos Reportedly Set To Have A Famous New Owner

By Lawrence Fernandez June 6, 2022

The helmet and gloves of Will Parks #34 of the Denver Broncos · rests on the field before the game between the Baltimore Ravens and the Denver Broncos at M&T Bank Stadium on September 23, 2018 in Baltimore, Maryland.
(Photo by Scott Taetsch/Getty Images)

 

The Denver Broncos are seeing some good times lately.

They traded for Pro Bowl quarterback Russell Wilson, giving them the play-caller that will bring their offense to new heights.

The Broncos might be in one of the NFL’s toughest divisions, but having an experienced quarterback will help them get through.

Likewise, the team might be under new ownership, as Pro Football Focus shares.

The Broncos will have a new owner 👀 pic.twitter.com/8yCWmxmaKC

— PFF (@PFF) June 6, 2022

Rob Walton is set to purchase the team from the Pat Bowlen Trust for $4.5 billion.

If the surname rings a bell, he is the heir of Walmart which had a net income of $13.67 billion in the 2021 fiscal year.

Aside from being one of America’s biggest retail chains, they have also successfully catered to the changing times by delving into e-commerce.

Walton was the company’s chairman from 1992 to 2015.

He studied at the University of Arkansas and got a law degree at Columbia Law School.

The 77-year-old tycoon has an estimated net worth of $59 billion as of March 2022.

That value makes him the 18th richest person in the world.

Having a popular owner could also boost the Broncos’ franchise value.

In 2021, Forbes Magazine valued the team at $3.75 billion, the tenth-highest in the NFL.

 

Legal Hiccups Before The Sale

The team’s sale faced a roadblock when the camp of former Broncos owner Edgar Kaiser argued that they had the right of first refusal.

However, a Denver district court judge ruled that the agreement is terminated in its entirety, mainly because both Kaiser and Bowlen have passed away.

That decision gave owner delegee Joe Ellis to facilitate the transfer of ownership.

Several personalities were rumored to join ownership groups that will bid for the Broncos.

Ultimately, the man that sustained one of America’s biggest corporations might have won.

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Filed Under: Denver Broncos Rumors And News (Updated Daily), NFL Tagged With: Denver Broncos

About Lawrence Fernandez

Lawrence Andrew Fernandez is a sports journalist from the Philippines. A journalism graduate, he chose sports writing to stay close to the action. Aside from the NFL, he also follows the NBA and MLB. He also delves into mobile games during his free time.

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