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Rob Walton Is Favored to Own Broncos With Bid Topping $4 Billion

  • Walmart heir is among billionaires looking to buy the team
  • It would be highest price ever paid for a US sports franchise
Rob Walton
Rob WaltonPhotographer: Rick T. Wilking/Getty Images

Rob Walton, son of Walmart Inc. founder Sam Walton, is close to clinching the winning bid for the NFL’s Denver Broncos, according to a person with knowledge of the matter.

Walton’s offer exceeds $4 billion, which would be the highest amount ever paid for a US professional sports team. It would surpass the $3.3 billion sale of the Brooklyn Nets to Alibaba Group Holding Inc. co-founder Joe Tsai in 2019 and David Tepper’s purchase of the Carolina Panthers for $2.3 billion in 2018.