Report: Broncos ownership candidate Rob Walton tours facilities Monday
May 9, 2022, 1:15 PM | Updated: 1:16 pm
The possible next owner of the Denver Broncos, Rob Walton, is touring the team’s headquarters at Dove Valley on Monday, Woody Paige of The Gazette is reporting.
Paige reported last week that Walton is one of the favorites to become the next Broncos’ boss.
Forbes reports Walton, the former CEO of Walmart, has a net worth of $65 billion. He is the second bidder in the Broncos’ auction to visit with the team; Josh Harris, another frontrunner for the sale, did so late last week.
Walton is a cousin-by-marriage to Stan Kroenke, whose corporation Kroenke Sports and Entertainment owns the Nuggets, Avalanche, Rapids and the Mammoth locally and the Los Angeles Rams and Arsenal.
The 77-year-old Walton has never owned a sports franchise.
Paige reports that Walton is one of the five remaining applicants in the auction, with the second round of bidding taking place before the month’s end.
Walton and Harris are heading two of the three known groups that could buy the team. The other is s Todd Boehly, who is about to buy Chelsea F.C. for $5 billion. The two other groups are publicly unknown.
The Broncos are expected to sell for over $4 billion and possibly up to $5 billion, far eclipsing the last NFL sale price of $2.2 billion in 2018, the Carolina Panthers.
The Pat Bowlen Trust currently owns the team and has a fiduciary responsibility to sell to the highest bidder.
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