Walmart heir Rob Walton considered the favorite to buy Broncos
Walmart heir Rob Walton is considered the favorite to become the next owner of the Denver Broncos, according to Josh Kosman of The New York Post.
Walton, 77, is the oldest son of late Walmart founder Sam Walton. With an estimated net worth of $70.5 billion, Walton could easily outbid any of the other known candidates who are interested in buying the team.
The Carolina Panthers were the most recent NFL team to be sold, going for $2.2 billion in 2018, but a sale of the Broncos could double that. Walton is believed to have already submitted a bid north of $4 billion, according to The Post. If successful, that would be the most expensive purchase in U.S. sports history.
Los Angeles Rams owner Stan Kroenke — whose family also owns the Denver Nuggets, Colorado Avalanche and Colorado Rapids (among other sports teams) — is married to Walton’s cousin, Ann.
Walton became Walmart’s chairman after his father’s death in 1992 and he held that role until retiring in 2015. Walton was born in Oklahoma and he now lives in Arizona.
The Broncos have said they hope to complete a sale of the team before the 2022 NFL season begins in September.
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