Broncos for Sale at End of Season?

[PumpFake]

Broncos, Walton-Penner family enter into purchase-sale agreement to acquire team

The Denver Broncos announced Tuesday night that the club and the Walton-Penner family entered into a purchase and sale agreement to acquire the team.

www.nfl.com

Done deal for Walton-Penner bid. $4.65 billion.

George Lucas’ wife in the ownership mix. Just as the team is about to go all Star Wars. Nice touch.

 

[Mountain Bronco]

Yeah - having Walton's number known gives all the other bidders a target. Which means Walton still have reserves to kick in at the last minute.

I still think having a Bowlen add their share in with someone at the last minute would add $465 million to the top of someone's bid in exchange for 11% ownership. That youngest Bowlen daughter would be the most likely one to do that.

If the team stays in Denver - I'd rather have Walton -myself.

Still clinging to the Britany ownership piece? It isn't happening. This is a done deal with both the trust and Walton issuing statements. The only surprises out there are at the NFL level but even that is smoothed over by Walton's relationship with Kroenke who is a big player at the NFL owner level and one of Jerry Jones' buddies plus his huge net worth.

 

[WalkerBoh]

I bet Walton had an idea who bidders were and how much they could max bid and he came to 4.65 B Round of bidding was weird I kind of expected it like live stock bidding process. Or did trust say to bidders what number was and others passed.

There was a report Josh Harris was prepared to go as high as $5 billion if there was a guarantee he would be able to purchase at that price.

Since there was no such guarantee, he held back, and might now be looking towards Seattle for his NFL team.

 

[CEH]

Walton is almost 4 times as rich as the next owner (Car)

denver never had the cash for the big signing bonuses but now we do

cash over cap” is now in play even when we give Russ his contract

use LAR as an example of how it’s done

 

[Mingo]

Anyone think Russell Wilson on the roster was a factor in the purchase price?

 

[Mountain Bronco]

Anyone think Russell Wilson on the roster was a factor in the purchase price?

I am sure it didn't hurt, but I don't think it was a big factor. There are only 32 of these franchises and the Broncos have a great history of being a well run and successful franchise that is beloved in its region which is actually quite large geographically. This is a long term buy and Russ is a 5 year piece of that. I think this is more a result of what Pat Bowlen built in the Broncos.

 

[Mingo]

I am sure it didn't hurt, but I don't think it was a big factor. There are only 32 of these franchises and the Broncos have a great history of being a well run and successful franchise that is beloved in its region which is actually quite large geographically. This is a long term buy and Russ is a 5 year piece of that. I think this is more a result of what Pat Bowlen built in the Broncos.

I think I rate it a little bigger than the way you put it. It might not have changed the Walton Penner ownership success, but those guys presumably didn't get in this for the money. They want to win. Without a top QB your team could be lost in the wilderness for decades.
I don't think the Wilson factor is quantifiable, but it added to the auction fever at the end.

I appreciate your takes - thanks for responding.

 

[nflbronco]

Anyone think Russell Wilson on the roster was a factor in the purchase price?

Nope only NFL team up for sale. SB50 parade vs Rams SB parade with 10 people.

 

[LGM]

Nope only NFL team up for sale. SB50 parade vs Rams SB parade with 10 people.

Just look back to the last time the Broncos were bought. We had a pretty decent coaching staff and young elite QB then too. Bowlen said those were factors in the purchase.

 

[nflbronco]

Just look back to the last time the Broncos were bought. We had a pretty decent coaching staff and young elite QB then too. Bowlen said those were factors in the purchase.

Great Points POTM material

 

[Orange Crush77]

Great Points POTM material

There’s no putting that toothpaste back in the tube

 

[LGM]

There’s no putting that toothpaste back in the tube

That's what she said.

 

[Orange Crush77]

That's what she said.

Touché

 

[nflbronco]

I put a bid in on the first RD of bidding but, was told try shotgun willies instead

 

[Duffman]

 

[Mingo]

Rice put in her work for the Broncos early as she was in a serious relationship with the amazing Rick Upchurch.

 

[Mountain Bronco]

Go Pioneers! Great ties to the state and quality addition to the group.

 

[SpringStein]

Now we know the date. From PFT:
The Broncos officially will soon be adopting a lighter shade of blue.

A clan of Wal-Mart owners, led by former Wal-Mart CEO Rob Walton and current Wal-Mart CEO Greg Penner, will officially be approved by at least 24 owners at a meeting in Minnesota on August 9.

Per multiple reports, that’s when the owners will gather to welcome into Club Oligarch someone who has more money than any of them, by far. Currently, Panthers owner David Tepper is the wealthiest of the bunch, at a net worth of $16.7 billion. Walton, the son of Wal-Mart founder Sam Walton, is worth $60.9 billion.

Yeah, he’s getting approved by at least 24 of the others.

The question then becomes whether and when some of those many billions will be given to quarterback Russell Wilson, who (unlike Deshaun Watson) didn’t get a new contract on his way through the door.

 

[Speardog_Atlas]

Sale will be completed August 6. Can we have a moment of silence for the Bowlen heirs that will get a nice payout of $700,000,000 each?

 

[SpringStein]

From PFT:
The Broncos are adding a man who knows a thing or two about winning trophies to their new ownership group.

Lewis Hamilton, who holds the record for most wins in Formula racing history, is joining the Walton-Penner Family Ownership Group, the Broncos announced on Tuesday.

“We’re delighted to welcome seven-time Formula 1 world champion Sir Lewis Hamilton to our ownership group,” Rob Walton said in a statement released by the team. “He is a champion competitor who knows what it takes to lead a winning team and a fierce advocate for global equality, including in his own sport. With over 100 race wins, Lewis is considered the most successful F1 driver of all time. His resilient spirit and standard of excellence will be an asset to the ownership group and the Broncos organization.”

The only Black driver in F1 history, Hamilton holds the records for most wins (103), pole positions (103), and podium finishes (188). A native of the U.K., Hamilton’s seven driver’s championships are also tied for the most in F1 history.

On Sunday, Hamilton finished second in the Hungarian Grand Prix.

The NFL’s full ownership is expected to approve the Broncos’ sale to the Walton-Penner group at a league meeting in Minnesota on Aug. 9.

Former secretary of state Condoleezza Rice was previously announced as a member of the ownership group.