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Byron Allen plans on buying Broncos


Ja  Rhule
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Just now, jamos14 said:

He doesn't even have 25% of what it will take to purchase them.  Must be a large ownership group if he will be the majority owner.

 

Has to be.  Broncos owner want to sell, she inherited the team after death and she don’t want it.  I think this way in development for quite sometime behind the scene.

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23 minutes ago, NYPantherFan said:

I wonder who he will add to his ownership group to get the rest of the money. No way his net worth of $450M will get the job done alone.

Yeah, only billionaires were in the running for the Panthers.  Heck, when it was speculated John Elway or Peyton Manning were interested, they were forming ownership groups because not even those guys have enough money to buy the Broncos outright.

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4 minutes ago, 45catfan said:

Yeah, only billionaires were in the running for the Panthers.  Heck, when it was speculated John Elway or Peyton Manning were interested, they were forming ownership groups because not even those guys have enough money to buy the Broncos outright.

I honestly don't know what is the best for teams.  

 

Ownership groups can be messy with internal power struggles.

or

One billionaire who has completely unchecked authority.

 

Both have potential to suck. 

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So how is this going to work? 
 

Current rules state the majority owner must own at least 30% of a franchise.

If Byron liquidated everything he owns, he could only buy 22% (assuming a $2B price).

Are they going to give him a huge discount or something or his he taking on a massive pile of debt.

Edit: The team is worth $3B.

Edited by Tbe
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2 minutes ago, Tbe said:

So how is this going to work? 
 

Current rules state the majority owner must own at least 30% of a franchise.

If Byron liquidated everything he owns, he could only buy 22% (assuming a $2B price).

Are they going to give him a huge discount or something?

Broncos are worth way more than $2B.  Forbes has them worth 3.75b. 

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