I don’t really document franchise sales on this blog because I don’t care but I couldn’t resist the Simpsons reference when I heard about this. According to ESPN, the Walton-Penner family ownership group have agreed to buy the Denver Broncos for $4.65 billion, which will be a record price paid for a North American sports franchise.
“We are thrilled to be selected to move forward with the purchase of the Denver Broncos!” Walton said in a statement. “Carrie, Greg and I are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans. Having lived and worked in Colorado, we’ve always admired the Broncos. Our enthusiasm has only grown as we’ve learned more about the team, staff and Broncos Country over the last few months.”
Other things that were valued at $4.65bn:
- Symantec’s purchase of Blue Coat in 2016
- Saudi Arabia’s PIF’s investment into energy, utilities and property ETFs in 2020 Q2
- The value of the 1,649 listed oil and gas firms in 2014
- The amount of money BTS generates to the South Korean economy every year (according to this site)