5 candidates advance to next round of bid

The Denver Broncos have five potential buyers advancing to the “next round” of bidding for the club, according to a report from Scott Soshnick and Eben Novy-Williams of Sportico.com (subscription required for link).

Sportico has reported the names of three of those bidders: Walmart heir Rob Walton, NBA owner Josh Harris and MLB owner Todd Boehly. All three bidders are on our next Broncos owner tracker.

Harris and Boehly have also been linked to Chelsea, a soccer team that has gone up for sale in England. The Broncos are expected to be sold for more than $4 billion, so Boehly and Harris will need potential minority owners to join their group bids.

Walton is considered the favorite to buy the team due to his Walmart wealth (his estimated net worth is roughly $70 billion). If there’s a bidding war, Walton could presumably top any other offer.

Sportico did not name the other two groups who are advancing to the next stage of bidding. The website did say that other groups could also advance to the next stage in the coming weeks.

Walton, Harris and Boehly have submitted non-binding offers for the team and they are scheduled to meet separately with the club in early May, according to Sportico. The Broncos hope to complete a sale before the 2022 NFL season begins in September.

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