5th group bidding to buy the Broncos now known
Bidders, step right up!
The fifth group bidding for the Denver Broncos is now known — Mat Ishbia and his brother, Justin, are attempting to buy the team, according to a report from KUSA-TV’s Mike Klis.
The four other groups are led by Walmart heir Rob Walton, NBA owner Josh Harris, MLB owner Todd Boehly and media mogul Byron Allen. Boehly, however, is in the process of buying Chelsea, a soccer club in England, and it remains to be seen if that will rule him out from buying the Broncos.
Walton is considered the favorite to buy the team given his massive estimated net worth of about $70 billion.
As for Ishbia, he is the president and CEO of UWM Holdings, a mortgage lender based in Michigan. Forbes estimates that he has a net worth of $4.6 billion.
Other candidates could emerge, but these five groups seem to be the big contenders at the moment. Denver’s NFL franchise is expected to be sold for more than $4 billion. The Broncos are hoping to complete a sale this summer ahead of the 2022 NFL season.
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