Byron Allen eyes Denver Broncos in bid to be NFL’s first black owner

Byron Allen, the previous comic and TV host who went on to construct a billion-dollar media empire, will reportedly bid for the NFL's Denver Broncos.
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Byron Allen, the previous comic and tv host who went on to construct a billion-dollar media empire, will bid for a controlling stake within the Denver Broncos, probably making him the primary black principal proprietor within the Nationwide Soccer League.

“NFL commissioner Roger Goodell and New England Patriots proprietor Robert Kraft got here to me in November of 2019 and requested me to take a superb have a look at shopping for an NFL group,” Allen, the CEO of Allen Media Group, instructed Bloomberg.

“And after severe consideration, I strongly consider I will help effectuate optimistic modifications all through the league.

“And for that purpose, I might be making a bid for the Denver Broncos.”

Allen is main a bunch of buyers who're anticipated to submit a bid within the $3 billion – $4 billion vary, in accordance with Bloomberg.

The Broncos franchise is anticipated to promote for an all-time report for a sports activities franchise. The anticipated price ticket will reportedly be within the vary of $3 billion to $4 billion.

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The bid would simply surpass the latest NFL group acquisition by David Tepper, who purchased the Carolina Panthers for what was then a report $2.2 billion in 2018.

The nationwide report for many ever paid by a businessman to personal an expert sports activities franchise was set by Joseph Tsai, who bought the Brooklyn Nets in 2017 for $2.3 billion.

The Allen-led group, which can embrace buyers from enterprise, Hollywood, sports activities, and Wall Avenue, has retained the companies of Allen & Co., a boutique funding financial institution to deal with the transaction. The financial institution isn’t associated to Allen.

Allen, 60, gained fame as a humorist. He appeared on NBC’s Tonight Present with Johnny Carson.

He then ventured into enterprise, founding Allen Media, whose holdings embrace The Climate Channel and greater than two dozen native tv stations.

Allen is anticipated to have stiff competitors in his bid to purchase the Broncos, together with from John Elway, the group’s former star quarterback and present government.

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Allen may have stiff competitors in his quest to accumulate the Broncos — significantly from two of the group’s former legends.

John Elway and Peyton Manning, the retired quarterbacks who led the group to Tremendous Bowl victories throughout their enjoying days, are anticipated to make separate bids.

The NFL has been harshly criticized in current weeks for its lack of African-American illustration in higher administration positions and the teaching ranks — even whereas greater than 70% of the gamers are black.

Peyton Manning, one other retired quarterback who led the Broncos to a Tremendous Bowl championship, can also be reportedly amongst these all in favour of proudly owning the group.

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The league has only one African-American head coach — Pittsburgh Steelers head man Mike Tomlin.

Brian Flores, who was fired as head coach of the Miami Dolphins regardless of main the group to a profitable season, filed a lawsuit in opposition to the league accusing its homeowners and senior administration officers, together with Elway, of denying him a job alternative resulting from his race.

It has additionally been reported that NFL homeowners are urging Robert F. Smith, a Denver native and a non-public fairness investor reported to have a web price of practically $7 billion, to additionally make a bid for the Broncos.