Four groups competing to buy the Denver Broncos submitted second-round bids for the team on Monday, according to multiple reports.
Those groups are led by Rob Walton, Josh Harris, Jose E. Feliciano and Mat Ishbia. Walton has been considered the presumed favorite to buy the team due to his massive Walmart wealth. If he wants to, Walton could easily out-bid the three other groups.
Walton’s ability to buy the team on his own doesn’t necessarily mean he’s going all in on his own, however. Walton’s son-in-law, Greg Penner, is part of his group, and Walton is apparently open to adding at least one more minority investor, one that Broncos fans will be thrilled to hear about.
