Will Kanye West Buy the Denver Broncos?
- Broncos Could Sell for Over $4 Billion
- Kanye One of Many Prospective Owners
2 Minute Read
The Denver Broncos are on the market, and the NFL franchise is expected to set the North American record by selling for what could be more than $4 billion. Count musician Kanye West as one of several prospects who are interested in becoming the next majority owner, following in the footsteps of Hall of Famer Pat Bowlen.
The sale of the team was announced on February 1 by the Pat Bowlen Trust, named after the former majority owner who passed away in 2019 following a bout with Alzheimer’s disease. The Denver franchise could sell for more than $4 billion, which is the current value.
The trust has run the franchise since 2014 when Bowlen stepped down from his position as principal owner and Chief Executive Officer of the team due to the early onset of Alzheimer’s. Now his family members are looking to sell after he originally bought the Broncos in 1984.
The last NFL team to be put up for sale was the Carolina Panthers in 2018. The Panthers were sold to David Tepper for $2.275 billion, and MLB’s New York Mets sold two years later for $2.4 billion, which is the current record amount for a North American sports franchise.
Could Kanye Really Buy the Broncos?
West may be one of the more popular names to enter the conversation as a potential majority owner, but the odds are against that actually happening. Online sportsbook Bovada has the “No” as a heavy -600 favorite (bet $600 to win $100) on him becoming the next owner with “Yes” listed as a +350 underdog (bet $100 to win $350).
To become a majority owner, an individual or group must purchase at least 30 percent of the franchise. So in this case, a sale of $4 billion would mean the majority owner would need to come up with $1.2 billion. Kanye’s net worth in 2021 was estimated at $1.8 billion, according to Forbes.
