For the first time since 1984, the Denver Broncos have new ownership. The Walton-Penner group purchased the team for $4.65 billion, taking over for the Pat Bowlen Trust.

More information is surfacing about the details behind the new ownership since the purchase was announced on Tuesday. News broke Thursday afternoon that Peyton Manning could serve as an advisor in the new ownership group.

NFL insider Adam Schefter tweeted the news.

According to Schefter, the two sides have discussed giving Manning an advisory role, as well as a potential shared ownership with equity in the franchise.

This would be a huge honor for both the Broncos and Manning, because of his relationship with the organization. The legendary quarterback won two Super Bowls in his career, one with the Indianapolis Colts and one with the Broncos. His second won in his final year in the league marked the Broncos' first championship since 1999.

Manning's interest in partnering with Walton-Penner isn't anything new. He threw his name into the hat back in December, when the team was estimated to sell for roughly $3 billion.

While he was able to fork up the multi-billion dollar check, he began talks with multiple suitors vying for the franchise. It's unclear whether or not the Walton-Penner group was one of Manning's original potential partners.