The Denver Broncos have been put up for sale by the Bowlen family. The team was purchased back in 1984 by Pat Bowlen and the family has owned the team for almost 40 years. But Bowlen passed away in 2019 and the family has decided to see the franchise after several court cases.
Favorites to Be the Next Owner of the Denver Broncos
The Broncos will be the first NFL franchise to be put up for sale since the 2018 season when the Carolina Panthers were sold to David Tepper. But with the Broncos having a much longer history in the NFL and one of the more competitive rosters, they will likely be sold for a record-setting price.
According to bookmakers, Charlie Ergen of the Dish Network is currently the favorite to be the next owner of the Broncos with +750 odds and an implied probablility of 11.8%.
Here are the latest odds on the next potential owner of the Denver Broncos:
|Alec Gores Group||+1000||9.1%|
|Behdad Eghbali Group||+1200||7.7%|
|Peyton Manning Group||+2500||3.8%|
|John Elway Group||+2500||3.8%|
|Robert F. Smith||+5000||2%|
EDITOR'S NOTE: Although, New York sports betting is legal so there are no sports betting apps in New York legally offering odds on the next owner of the Denver Broncos.
Odds On Potential Owners The Denver Broncos
Here are all of the latest odds for who will be the next owner of the Denver Broncos:
Charlie Ergen | +750
Ergen is the co-founder of the Dish Network and lives in Colorado. He's worth nearly $12 billion and is expected to have some interest in purchasing the Broncos.
Steve Ballmer | +800
Ballmer is the CEO of Microsoft and is the current owner of the Los Angeles Clippers. He is one of the richest people in the world with a net worth of over $80 billion. Considering he already owns one major sports franchise, it wouldn't be a surprise to see him be interested in owning an NFL team as well.
Larry Ellison | +800
Another billionaire to keep an eye on is Larry Ellison, who owns an island in Hawaii. He's also one of the co-founders of the Oracle Corporation and has shown interest in purchasing an NFL team.
Alec Gores Group | +1000
Alec Gores and Dean Metropoulos have teamed up to potentially buy the Broncos. Gores is part of an investment group with a net worth of $10 billion. Metropoulos is another investment icon with a massive net worth. They are also joined by Mat Ishiba, who is the chief executive of United Wholesale Mortage. Together, these three have more than enough money to buy the Broncos.
Behdad Eghbali Group | +1200
Behdad Eghbali (45) and Jose Feliciano (48) have co-founded Clearlake Capital. Feliciano is married to Kwanza Jones, who is a famous singer. There have been reports that they are interested in bidding on the Broncos, but the level of their interest is not yet known. However, they certainly have the funds as their funds combine for over $43 billion, according to Forbes.
Mark Stevens | +1500
Stevens is a minority owner of the Golden State Warriors and could look to expand his profile by adding in an NFL team. Stevens is worth $4.6 billion as he got his money by investing in companies such as Google and YouTube.
Peyton Manning Group | +2500
Could Peyton Manning wind up buying the team that he once won a Super Bowl with? Manning doesn't have enough wealth on his own to purchase the Broncos, but it will be fascinating to see who he could potentially join up with to bid on the team.
Josh Harris | +2500
Harris is a private equity investor who is known for being the co-founder of Apollo Global Management. Forbes estimates his net worth around $5.8 billion, which is certainly enough to engage in the bidding war for the Broncos.
John Elway Group | +2500
Elway is the greatest quarterback in team history and the former President of the Broncos. He's mentioned previously that he would like to be a part of the new ownership group, but who that contains remains unclear.
Breaking Down the Long Shots
Here are a few other longshots who could be interested in purchasing the Denver Broncos this offseason:
Jeff Bezos | +5000
Bezos is the founder of Amazon and is among the richest people in the world ($178 billion). However, he has not expressed interest in owning an NFL team as of yet.
Robert F. Smith | +5000
Smith is the CEO of Vista Equity Partners and is a Denver native with a net worth of around $7 billion. There have been a few Instragam posts hinting that he might be interested in purchasing the Broncos, but there is no clear sign that he will make an offer.
Crypto Group | +5000
Sean O'Brien of "DAO" has been rumored to be interested in raising $4 billion dollars to buy the Broncos. Whether he and his investors wind up making a bit is a different story.
The Pat Bowlen Trust & Sales Process?
Pat Bowlen purchased the Denver Broncos in 1984 for $78 million. Since then, the value of the Broncos has skyrocketed and they are one of the most valuable sports franchises in the world. But with Bowlen passing away in 2019, the family is expected to sell the team in the upcoming months.
However, selling an NFL team is a complicated process. It takes league approval of the sale and the other NFL owners have to agree on the new buyer. This is a process that will take a long time to complete, but expect potential owners and ownership groups to make their pitches this summer.
What Could New Ownership Cost?
Projecting how much the Broncos could be sold for this offseason is difficult. NFL teams just aren't sold very often and when they are, they go for incredibly high prices. The last franchise to be sold was the Carolina Panthers in 2018 when they were bought by David Tepper for $2.275 billion.
But given the history of the Broncos and their location, it's fair to wonder if that price could be doubled. Don't be surprised if the Broncos are sold for close to $5 billion, which would be significantly more than any other franchise in NFL history.
An Overview of the Broncos Ownership Search
The Denver Broncos are the first NFL team to be up for sale since 2018 when David Tepper bought the Carolina Panthers. For that reason, you can expect a wide variety of potential buyers. And with the Broncos acquiring Russell Wilson in a trade this offseason, it wouldn't be a shock to see the price of the franchise go up even more as they are now widely viewed as a Super Bowl contender.
Denver Broncos Ownership Search FAQ
Pat Bowlen bought the Broncos in 1984 for $78 million.
The last owner was Pat Bowlen (and family). He has owned the team since 1984, but he passed away in 2019. The family is now expected to sell the franchise sometime in 2022.
No. The next owner of the Broncos will keep the team in Denver.
That is not yet known as potential ownership groups are still figuring out their potential offers.
That is not yet known, but the expected price tag should come in over $4 billion.