Broncos Could Make History with NFL's First Black Owner

Jan 21, 2022

If the Denver Broncos hit the open market, the sale of the team could make history beyond its purchase price. The deal could produce the first Black owner in the NFL’s 101-year history.

Billionaire investor Robert F. Smith has emerged as one of the possible bidders for the Broncos, sources told Front Office Sports.

With an estimated net worth of $6.7 billion, the 59-year-old entrepreneur ranks as the richest Black person in America, according to Forbes. The Broncos sale could fetch a record $4 billion or more, which would make it the richest team sale in U.S. sports history.

Source: Front Office Sports
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