Walmart heir S. Robson Walton has reportedly submitted a winning bid to purchase the Denver Broncos, a deal that will likely be the most expensive deal in sports history.
According to a report from Forbes, Walton was expected to submit a bid worth $4.5 billion to buy the team Monday, as part of an ownership group that includes his daughter Carrie Penner and his son-in-law Greg Penner. If the deal is completed, it would be the most expensive acquisition of a sports team in history, by a wide margin, and would be more than double the largest acquisition of an NFL team in the league’s history. The Broncos were valued at $3.75 billion in August, Forbes noted.
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