Josh Harris, the co-owner of the 76ers, was willing to pay as much as $5 billion to earn majority ownership of the Broncos, according to Pro Football Talk.
However, Harris’s biggest concern was if he would be fully assured ownership of the team if he put up $5 billion. According to PFT, those in control of the ownership negotiations never solidified full assurance that Harris would become the team’s next majority owner, even with money on standby.
Harris was also reportedly worried that if he put a $5 billion bid on the table, opposing bidders would go higher. Instead, late Tuesday night, the Broncos announced that Rob Walton, Carrie Walton Penner and Greg Penner reached a purchase agreement to hold majority ownership of the franchise.
