the Denver Broncos the data room is officially open.
Billionaires interested in buying the NFL The club are now taking a look at finances, according to a person familiar with the process. Groups are granted preliminary access to information, known in the industry as the “data room”, which allows them to begin their due diligence.
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A team representative did not immediately respond to a request for comment. Allen & Co., which is handling the sale, declined to comment.
The NFL already accepts applications that include proof of funds, which usually happens later in the process.
The Broncos are attracting interest from a range of people across the business world, including existing team owners, according to people familiar with the process. Those offers include Josh Harris, co-owner of the Philadelphia 76ers and New Jersey Devils, as well as Todd Boehly, an investor in the Los Angeles Dodgers and Los Angeles Lakers.
Some of those people are also eyeing a potential acquisition of European soccer giant Chelsea, which current owner Roman Abramovich decided to sell following Russia’s invasion of Ukraine. That sale became complicated this week after the UK sanctioned Abramovich for his close ties to Russian President Vladimir Putin. Sportico valued Chelsea at $3.4 billion.
The NFL allows up to $1 billion in debt for team acquisition and requires the principal owner to own at least 30% of the team’s equity. Groups cannot exceed 25 people.
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