In April, Walmart heir Rob Walton discussed a $4.5 billion bid for the Denver Broncos NFL team. Now, on June 6, Forbes reported that the billion-dollar deal would be enough to buy the NFL team, and would be the highest price ever to be paid for a sports team. The bid is not yet finalized, but is expected to be within the month.
Though the second round of bids for the Denver-based team are not yet turned in, Walton is expected as the front-running bidder, according to Forbes.Â
Prospective buyers have toured the facilities, and four other finalists were looking to buy the team. Yet, according to CBS Sports, no other bid came close to that of Walton’s. If the purchase is finalized, Walton would become the richest NFL owner, having the highest net worth.
To put in perspective, David Tepper, owner of the Carolina Panthers, has a net worth of $16.1 billion, according to Bloomberg. Rob Walton, former Walmart chairman and son of Sam Walton, has a net worth of $59.2 billion, according to Bloomberg, making him the 17th richest person in the world.Â
The current record for the most paid for a sports team is held by the Nets, which was sold for $2.35 billion in 2019. In 2018, Tepper bought the Panthers for $2.275 billion.Â
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