To buy an American team in sports requires substantial capital.This is the proof.
According toThe Broncos and Walton-Penner family owned group reached a $4.65 billion sale agreement Tuesday. The NFL's finance committee will review the sale and 24 league owners must vote in favor of the transaction.
Rob Walton, Carrie Walton Penner, and Greg Penner are part of the Walton-Penner family. Mellody Hobson is also part of the ownership group. She is co-CEO at Ariel Investments and chair of the Starbucks Corp. board. Walton, who is an heir to the fortune of Walmart retail company, was the chairman of the business from 1992 to 2015.
The Broncos' historic sale prompted us to consider other notable team acquisitions in American sports.
Here is a list of the most costly franchises in U.S. sport:
Sale price: $4.65 billion
The Broncos' $4.65 billion purchase by Walton-Penner breaks the previous record for a team in an NFL sale. FormerOwner Jerry Richardson sold the franchise in 2018 to billionaire David Tepper, for $2.275billion. It is also $2 billion more than the nearest U.S. sport team sale.
Walton has a net worth of $57.9 million. Ann Walton is Ann Walton's cousin and another Walmart heir. owner Stan Kroenke. Kroenke also owns the Colorado NBA's. , NHL's MLS's .
Sale price: $2.4 billion
Before the Broncos, the Mets were the most expensive American sports team until they acquired the Mets. In 2020, hedge fund manager Steve Cohen. The The previous record for the most expensive MLB team sale was held by the Chicago Cubs when they were sold for $2 Billion in 2012.
Cohen was the founder of Point 72 Asset Management, and later defunct SAC Capital Advisors.
Sale price: $2.35 billion
Joe Tsai is the co-founder of Alibaba in 2019.Russian billionaire Mikhail Prokhorov. Tsai was already in 49% ownership of Prokhorov's 2018 purchase, but Prokhorov has accelerated the timeline for full ownership. Tsai also acquired Barclays Center, the Nets home arena, in separate transactions worth roughly $1 billion.
Tsai doesn't just own Brooklyn. Tsai bought the WNBA.franchise .
Sale price: $2.275 billion
After the 2017 NFL Season, the Panthers became readily available for sale.were made against former owner Richardson. Tepper, who has a net worth of $16.7 billion The team was purchased by, . Before taking over Carolina Tepper held a 5% ownership interest in the company. .
Appaloosa founder, also2019 will see the 30th MLS team. .
Sale price: $2.2 billion
Former Rockets owner Leslie Alexander sold it to Texas native billionaire Tilman Fertitta for $2.2billion in 2019. Fertitta is a Galveston native and was an avid sailor.Before buying the franchise.
Fertitta Entertainment's sole owner is Fertitta. He also owns the Rockets, Landry's restaurant, the Golden Nugget Casinos, Hotels, and Restaurants. Fertitta is also the host of “Million-Dollar Buyer”, a TV program on CNBC.