Walmart heir Rob Walton has agreed to buy the Denver Broncos for $4.65 billion—a price that shatters the record for the most expensive sale of a North American sports franchise
A group led by billionaire Walmart heir Rob Walton has agreed to purchase the Denver Broncos for $4.65 billion, a person familiar with the matter said, in a record-breaking transaction that brings one of the world’s wealthiest people into the NFL and ends years of drama surrounding one of the sport’s most iconic franchises.
The team announced the agreement late Tuesday without disclosing the price. The sale, which is still pending league approval, is far and away the richest ever for a North American sports team and doubles the high price for sales of NFL teams, which was previously about$2.3 billion.
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