Broncos sells for $ 4.65 billion: where it ranks among the most expensive sales of American sports franchises

Denver Broncos get new owners. The team will be sold for an announced price of $ 4.65 billion of a group of owners led by Walmart heir Rob Walton. The Walton-Penner family will acquire the NFL franchise from the Pat Bowlen Trust, but it still needs to be approved by the NFL Finance Committee and League Ownership before it can become official.

The Bowlans have owned the Broncos since 1984, when they bought the franchise for $ 78 million. Pat Bowlan died in 2019, but his trust ruled the franchise after his death.

If $ 4.65 billion turns out to be the final number, the sale of the Broncos will set a record for the most money paid for an American sports franchise. That record currently belongs to the Brooklyn Nets, which sold for $ 2.35 billion in August 2019. Regarding the NFL landscape, the record was set when David Tepper bought the Carolina Panthers for $ 2.275 billion in 2018.

There were several American sports franchises that sold for at least $ 1.2 billion: Toronto Maple Leafs sold for $ 1.3 billion in 2011, while Buffalo Bills, Miami Marlins and Seattle Mariners sold for $ 1.2 billion. billion dollars.

However, $ 2 billion is a kind of unexplored territory. Because the Broncos will be so massive, here’s a look at the most expensive sales of American sports franchises in history, amounting to at least $ 2 billion.

New York Mets: $ 2.4 billion (2020)

Businessman Steve Cohen bought the New York Mets for $ 2.4 billion in 2020. This is the largest amount ever paid to buy a Major League Baseball team since selling the Los Angeles Dodgers for $ 2 billion in 2012. The Wilpons owned the Mets for the previous 34 years before Cohen bought the team.

Brooklyn Nets: $ 2.35 billion (2019)

The NBA also recently set a record for the largest team sale in league history. Businessman Joseph Tsai owned only 49 percent of the franchise, but managed to reach a deal with majority owner Mikhail Prokhorov for full ownership of the team. Tsai originally bought his first stake in Nets in 2017.

Carolina Panthers: $ 2.275 billion (2018)

If the Broncos sell for $ 4.65 billion, it will easily surpass the previous record paid for the NFL franchise. Hedge fund manager David Tepper bought the Panthers from former owner Jerry Richardson for $ 2.275 billion in 2018. Richardson was forced to sell the franchise after being fined nearly $ 3 million by the Sexual and Racial Violence League. He also now owns the city’s major league football franchise, Charlotte FC.

Houston Rockets: $ 2.2 billion (2017)

Before the Nets set a new record of $ 2.35 billion, Houston businessman Tillman Fertita bought the Rockets for $ 22 billion from previous owner Leslie Alexander. Fertita has also tried to buy Houston Texas from the NFL and Arizona Coyotes from the NHL in the past.

Los Angeles Dodgers: $ 2.15 billion (2012)

In 2012, Dodgers owners Frank and Jamie McCourt were in the middle of an ugly divorce. As a result, the family was forced to sell the team for $ 2 billion to Guggenheim Baseball Management, which included former Los Angeles Lakers star Magic Johnson. That was a record price at the time, before the Rockets surpassed that amount in 2017.

Los Angeles Clippers: $ 2 Billion (2014)

That’s right, there have been several high-profile sales involving professional sports teams in Los Angeles for a period of two years. The NBA forced former owner Donald Stirling to sell the Los Angeles Clippers after he made racist comments. Sterling was fined $ 2.5 million and banned for life by the NBA, in addition to having to sell the team. Former Microsoft CEO Steve Ballmer bought the Clippers for $ 2 billion, slightly less than the Dodgers’ record two years earlier.

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