The Denver Broncos are for sale and they are hoping to have new ownership in place before the start of the 2022 NFL season. The Broncos have drawn plenty of interest from potential bidders and the team is expected to be sold for more than $4 billion this offseason.
Rob Walton, the son of late Walmart founder Sam Walton, has emerged as the favorite to buy the team. He has a net worth of $70.5 billion, according to an estimate Forbes. With that kind of wealth, Walton could easily afford to outbid any of the other known candidates who are interested in buying the team.
If Walton does win the bid for Denver’s NFL franchise, he will instantly become the richest owner in the league.
Forbes released a list earlier this month of the richest sports team owners and only one NFL owner made the top-10 list. David Tepper, who owns the Carolina Panthers, is worth an estimated $16.7 billion (ranked No. 1 in the NFL and No. 8 overall in world sports).
If he joins the NFL, Walton would become the third-richest owner in sports, only trailing soccer’s Mukesh Ambani ($90.7 billion) and basketball’s Steve Ballmer ($91.4 billion), according to Forbes.
Walton would have the same salary cap restrictions as every other NFL team, but he’d have an advantage in cash and resources available.
And if he wanted to build a new stadium, Walton could hypothetically follow the lead of Stan Kroenke, who used private funding to build SoFi Stadium for the Los Angeles Rams. Kroenke is married to Walton’s cousin, Ann.
There’s been no word yet on if Walton has officially submitted a bid to buy the Broncos, but if he does, he’ll likely become the next owner.