Hollywood mogul Byron Allen plans to bid for the Denver Broncos, according to a report from Kamaron Leach of Bloomberg (subscription required for link).
“NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November 2019 and asked me to take a good look at buying an NFL team,” Allen said in a statement. “And after serious consideration, I strongly believe I can help effectuate positive changes throughout the league. And for that reason, I will be making a bid for the Denver Broncos.”
Allen, 60, started working as a stand-up comedian at age 14 before later making his TV debut at age 18. He launhced his own show in 1992 and it aired for 21 seasons. He founded Entertainment Studios in 1993 and later acquired The Weather Channel in 2018. One year later, he teamed up with Sinclair to purchase Fox Sports Networks (now Bally Sports).
Allen could not afford to buy the team on his own, but Bloomberg reports he is assembling an investment group that could pay $3-$4 billion for the NFL franchise.
The Broncos hope to complete a sale before the 2022 NFL season.
