The amount of money spent on the Denver Broncos will likely be a record for a bit, but the way things are going, another big sports team buy will exceed $4.65 billion.
“$4.65 is a big number, but it is justified, absolutely,” noted Kurt Badenhausen, a reporter for Sportico. “This is the first time we’ve seen a top 20 franchise in the world’s richest sports league go on the market in more than a dozen years.”
But wait, there’s more. The Broncos deal at Empower Field at Mile High has only nine years left, with two five-year options following. That means it’s time to start thinking about where the Broncos will be. Sports stadiums are not only places for eight to ten or so football games a year, but also becoming the centers of development. A bold pattern has been cut at SoFi stadium in Inglewood, California, the home of the Rams and Chargers by another Walmart family member, Stan Kroenke.
It’s no secret the NFL is also looking at the potential of stepping into the profitable gambling side of sports. That is an entirely new area, and teams are now looking at what they can do with all the data they are collecting.
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