Sources say that group buying Denver Broncos is discussing advisory role and ownership stake with Peyton Manning

The new Denver Broncos The ownership group that agreed to buy the team earlier in the week has been in contact with Peyton Manning regarding a potential advisory role. In the end, equity could be given to the former quarterback, sources told ESPN's Adam Schefter.

Tuesday's sale agreement between the Broncos, Walton-Penner family owners group and ESPN confirmed that the franchise was sold for $4.65 billion.

Manning won a Super Bowl in his last four NFL seasons and could now be returning to the Broncos. Manning was a Broncos' fan who attended all home games and was inducted into last season's ring.

The Walton Penner group sale agreement, which is headed by Rob Walton, Walmart heir; Carrie Walton Penner and Greg Penner, will be reviewed by the NFL's Finance Committee and must be approved and ratified by all NFL owners. The sale must be approved by 24 yes votes.

The sale approval and closing will take 60 to 90 business days, according to Schefter's source.

After signing in free agency, Manning spent four seasons with Broncos (2012-15). He won 45 regular-season games, four AFC West titles, and made it to two Super Bowls. His last NFL game was Super Bowl 50. Manning was inducted into the Pro Football Hall of Fame's Class of 2020.

The Broncos are not in the playoffs since their Super Bowl win.

This report was based on information from ESPN's Jeff Legwold.

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