The billionaire Rob Walton has reached a tentative agreement to buy the Denver Broncos. The sale to Walton and members of the Walton and Penner families, who amassed their fortunes largely through their stakes in Walmart, is expected to top $4 billion, a record price for an N.F.L. franchise. The announcement by the Broncos and Walton ends a long tussle between the children of the team’s longtime owner, Pat Bowlen, who died in 2019 at age 75.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.