Buying the Denver Broncos will likely require a minimum of $900 million of equity.
against the league and three of its teams alleging racial discrimination. While 70% of the NFL players are Black, according to Flores, there was only one Black coach when he filed his suit. One Black coach and one multiracial coach have been hired since then, but there remain no Black owners.
Among the relief measures sought in Flores’ lawsuit is for the NFL to “ensure diversity of ownership by creating and funding a committee dedicated to sourcing Black investors to take majority ownership stakes in NFL Teams.” Flores’ recommendation to fund a committee would presumably lead to more Black owners in the league, which, in turn, could lead to more Black coaches and executives. Flores gets into his take on ownership in the NFL at the 16:33 mark ofThe Broncos won’t come cheap.
There aren’t many people–Black or white–who can afford the Broncos. The last NFL team to change hands was the Carolina Panthers, bought by hedge fund billionaire David Tepper for
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