The Broncos’ sale will go where no team in North American professional sports has gone before — to a tally that could approach $5 billion.
According to Ben Fischer of Sports Businesss Journal, the Pat Bowlen Trust expects to receive “multiple bids” of at least $4.5 billion next Monday. That is when the second round of bids is due from at least four groups.
Multiple bids of $4.5B or higher are expected on Monday in the Broncos sale, source tells me.
Depending on how much space there is between bids, things could move quickly from there.
— Ben Fischer (@BenFischerSBJ) June 1, 2022
The projected purchase price will shatter the previous North American record of $2.3 billion. Hedge-fund manager David Tepper paid that figure for the Carolina Panthers in 2018. A bid of at least $4.6 billion would double the previous record.
Per KUSA-Ch. 9’s Mike Klis, the race for the Broncos is down to four groups. Representatives of…