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Who is Rob Walton Walmart heir leads bid to purchase Broncos for record NFL deal

Detroit Lions v Denver Broncos After years of purgatory, the appear to have a new owner. Rob Walton, famous for his connection to the , has effectively won the bidding war for the team, according to Forbes via Front Office Sports. The purchase is expected to be $4.5 billion, making the sale the "most expensive team sale in history." Heading into the auction, the team was estimated to be valued at $4 billion. Groups featuring and John Elway had entered the fray at one point. JUST IN: Rob Walton, an heir to the Walmart fortune, will win the bidding for the Denver Broncos, per .

The winning bid is expected to be about $4.5 billion — the most expensive team sale in history.

It's set to be announced as soon as this month.JUST IN: Rob Walton, an heir to the Walmart fortune, will win the bidding for the Denver Broncos, per .The winning bid is expected to be about $4.5 billion — the most expensive team sale in history.It's set to be announced as soon as this month. However, Rob Walton, the son of the founder of Walmart, won the auction for the team. According to Celebrity Net Worth, Rob Walton is valued at $68 billion. Assuming the purchase goes through as expected, his net worth would fall to $63.5 billion. Walton is listed as one of the 15 richest people in the world. Initially, he embarked on a career in law. However, after just a few years of practicing the profession, he jumped into the business sector with his father's company. When his father died in 1992, he took over as Chairman of Walmart until 2015. No. 5 on ’s list of the 22 most influential NFL people in 2022 is potential Broncos owner Rob Walton. King notes the liquidity of Walton’s wealth, “meaning he’ll be able to address whatever issues come up in the running of a major sports franchise.” Football Morning In America is up!
In my latest column, you'll find:

The 22 most influential NFL people in 2022
My annual Father's Day book recommendations
Readers react to plea for sensible gun reform
An Amazon-led 10 Things and much more

Football Morning In America is up!In my latest column, you'll find: The 22 most influential NFL people in 2022 My annual Father's Day book recommendations Readers react to plea for sensible gun reform An Amazon-led 10 Things and much more No. 5 on ’s list of the 22 most influential NFL people in 2022 is potential Broncos owner Rob Walton. King notes the liquidity of Walton’s wealth, “meaning he’ll be able to address whatever issues come up in the running of a major sports franchise.”

Denver Broncos in recent years

Denver Broncos v Kansas City Chiefs Since winning the Super Bowl after the 2015 season, the team has been stuck in a quarterback search, with no quarterback lasting two full seasons as the starter with the team. At the same time, the team has been in a similar spot with their owner situation. Pat Bowlen, whose health had been declining in the shadow of the Broncos' success with Peyton Manning, passed away in 2019, per . In 2014, he had stepped down as chief executive officer after being diagnosed with Alzheimer's disease. Many Broncos fans pointed to the lack of a conventional owner as a source of the team's troubles. Without an owner to hold the team's executive offices accountable and focused, they posited, there was a lack of motivation to pull out every last stop and push the team to its brink. With a new owner in place, fans hope the team returns to its competitive ways, starting with John Elway's addition and ending with Peyton Manning's retirement after 2015. This offseason, general manager George Paton traded for Russell Wilson. With a new quarterback and owner now essentially on the books, has the team begun a new era of stability after a tumultuous half-decade? NFL Injuries: Find out about ? Poll : 0 votes Quick Links More from Sportskeeda Thank You! Show More Comments No thanks Delete Cancel Update Reply ❮ ❯ No thanks Delete Cancel Update Reply ❮ ❯ Be the first one to comment on this story More from Sportskeeda Fetching more content... 1 Logout No Results Found