The Denver Broncos are in a midst of a transitional period, so to speak. Aside from the firing of Vic Fangio this month, rumors of the team being sold to a different owner have circulated around the league. A recent court ruling all but paved the way for the potential sale of the franchise
Now, a large presence has entered the fold, bringing along potential history with him. Robert F. Smith, the richest Black person in America, is reportedly interested in buying the Broncos franchise, per Front Office Sports. If he wins the bidding war, Smith will become the NFL’s first black owner in its history.
Smith will enter a six-person race for the Broncos franchise. Amongst those interesting in buying the Denver team include former team legend Peyton Manning and his family, another franchise legend in John Elway, Amazon founder Jeff Bezos, and rapper Jay-Z. While Robert F. Smith doesn’t have the same flashy name as the others, he can easily outbid most of his competition.
Smith’s net worth of $6.7 billion more than exceeds some of the other team’s finances. In fact, the only one who can likely match his highest bid for the Broncos would be Bezos, who’s also a billionaire in his own right. Smith will have to get the approval of 3/4 of the current NFL owners to buy the franchise, but he certainly has the money to win the war for the team.
If Robert F. Smith is able to buy the Broncos, it will be a momentous occasion for the NFL. He will be the first black NFL owner, which is a huge moment for the league.