SBJ Spotlight: What Broncos sale means for NFL teams
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The stunning $4.65 billion sale of the Denver Broncos more than doubles the price of the most recent team sale, but that doesn’t mean other owners will feel pressure to sell, said SBJ Football Writer Ben Fischer: “Probably a lot of teams are calling their bankers and just asking the question, but why not hold? There’s no reason to believe that we’re going to hit a cliff where these numbers start declining. Gambling is still coming on line as a revenue stream, just as one of many things that suggest waiting is probably the right thing to do.” Fischer and SBJ Media Writer John Ourand also talked about whether rising team valuations will begin to price potential owners out of the market. Fischer: “I think it’s important to note that not only was there one family willing to pay $4.65 billion, there were at least two other bidders apparently willing to pay $4.2 billion. So while I grant the point that eventually you’re going to run out of people that can buy these teams if we keep doubling every time, the actual evidence suggests that was not a problem in Denver.”
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Published 02/07/24
Published 02/07/24