The Denver Broncos are for sale, and candidates to buy the team are starting to emerge.
An investment group of three men — California’s Alec Gores, Florida’s Dean Metropoulos and Michigan’s Mat Ishbia — have a “planned bid” for the Broncos, according to a report from Bill Shaikin of the Los Angeles Times.
Gores, 69, is the founder, chairman and CEO of The Gores Group, a private equity firm that buys and sells companies.
Metropoulos, 75, is the chairman and CEO of C. Dean Metropoulos and Company, known for owning Hostess Brands and for buying and later selling the Pabst Brewing Company.
Ishbia, 42, is the president and CEO of UWM Holdings, a wholesale mortgage lender.
The trio are worth a combined $10 billion, according to an estimate from Forbes. Denver’s NFL franchise will likely be sold for $4 billion or more.
“It is uncertain whether the three men would consider additional investors” for their bid, according to Shaikin. Peyton Manning and John Elway are both interested in joining the team’s next potential ownership group.
The Broncos hope to complete a sale before the 2022 NFL season.
