John Elway and Peyton Manning are both interested in becoming owners of the Denver Broncos, but neither of them could afford to buy the team on their own.
That’s why Elway and Manning want to join an ownership group as minority investors, presumably with a billionaire serving as the controlling owner.
Several big names have been linked to the team as potential new owners, but none of them have stuck so far. Amazon founder Jeff Bezos has been mentioned repeatedly, but Peter King of NBC Sports has reported Bezos is not interested in buying the team.
Rapper/businessman Jay-Z has also been linked to the Broncos, but KUSA-TV’s Mike Klis reported in September there were “no developments” on that front. It seems the Jay-Z buzz was merely speculation.
Last month, Front Office Sports reported that billionaire Robert F. Smith had “emerged as one of the possible bidders” to buy the team. That appears to have been a false alarm as well.
“He is not a potential buyer and is not planning on purchasing the Broncos,” an unnamed source told Klis in a story published Monday.
So we’ve had a lot of speculation, but no real action so far. Broncos Wire will continue tracking the team’s latest ownership developments in the coming weeks.
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