The Denver Broncos NFL franchise is expected to be sold this off-season, and Black billionaire Robert Smithis emerging as a candidate to buy the team.
According to Front Office Sports, Smith has emerged as a possible bidder to purchase the Broncos and could become the first Black owner of an NFL franchise. Smith, a 59-year-old entrepreneur who grew up in Denver, is the richest Black person in the US with an estimated net worth of $6.7 billion.
The Broncos were valued at $3.75 billion last year, and their sale is expected to net more than $4 billion, which would make it the most expensive team sale in US sports history.
Smith founded Vista Equity Partners in 2000 and is still its chairman and CEO. Vista currently has $86 billion in assets under wealth management.
According to Denver Gazette Columnist Woody Paige, other potential buyers of the Broncos include Amazon Founder and Chairman Jeff Bezos, former Broncos quarterback and current General Manager John Elway, and former Broncos quarterback Peyton Manning, are also in groups trying to buy the team.
