NFL: Denver Broncos sale to Walmart inheritor and household agreed after file bid

Pat Bowlen was inducted into the Pro Football Hall of Fame in 2019, shortly before his death, with the Broncos having won three Super Bowls during his ownership

Walmart heir Rob Walton and his family have entered into a purchase and sale agreement for the takeover of the Denver Broncos.

The Walton-Penner family is reported to have made a bid worth $4.65bn (£3.71bn) for the NFL team.

That would be a record for an American sports franchise, topping the $3.2bn (£2.55bn) paid for the NBA’s Brooklyn Nets in 2019.

“We are thrilled to be selected to move forward,” Walton said in a statement.

The purchase now needs approval from the NFL’s finance committee and league ownership.

It would more than double the most recent sale of an NFL team, with the Carolina Panthers sold for $2.28bn (£1.81bn) in 2018.

The Walton-Penner ownership group, led by Walton, his daughter Carrie Walton Penner and her husband Greg Penner, will acquire the Broncos from the Pat Bowlen Trust.

Bowlen, who died…

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