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NFL Rumors: Jay-Z sets sights on becoming first African-American NFL team owner

Jay-Z keen on buying the Denver Broncos

Music icon Jay-Z seems to be eager to dip his toes into the world of sports activities and particularly, proudly owning an NFL team. In order to take action, he may simply should take on one of many richest males on this planet.

Front Office Sports is reporting that Jay-Z, a billionaire in his personal proper because of his music, is one potential purchaser for an NFL team and particularly AFC franchise, the Denver Broncos. Pat Bowlen bought the Broncos manner again in 1984 and sadly handed away in June of 2019.

Jay-Z is already an owner of an expert sports activities team, being part-owner of NBA team, the Brooklyn Nets. However, his journey to personal an NFL team might be a troublesome task as a number of sources are saying that Amazon founder Jeff Bezos is one who’s keen on buying the Broncos.

In 2022, the Denver Broncos may simply hit the customer’s market because the franchise has acknowledged that the transition of possession might be an orderly willpower of possession. This may in truth, embody all the Bowlen household promoting all stakes within the AFC West franchise. It is reported that the Broncos may promote on the open marketplace for round $4 billion, one thing that’s inside attain for Jay-Z.

In July of this summer season, the present president of the Denver Broncos CEO, Joe Ellie, launched a press release to the general public concerning the state of the team’s possession and what that appears like going ahead.

“Our goal is a timely, responsible, and orderly determination of ownership,” Ellis mentioned. “What that will entail for us—there’s some things that we still need to work through—but our goal is to be able to lay out, when the season is over—and [head coach] Vic [Fangio] has promised that will be in the middle of February—that we lay out for everybody a timeline to a transition of ownership that will take place next year prior to the start of the season. That’s important. It’s important to the organization. It’s important to the beneficiaries—Pat [Bowlen]’s children—to get it resolved and we’re moving forward on that.”

Pat Bowlen purchased the franchise for $78 million again in 1984 and in line with studies, a few of his daughters have doubts over the possession of the team.

As with any deal, it is very important dot the I’s and cross the T’s to verify the deal advantages each events. All concerned with the Denver Broncos hope this involves a fast decision.

Edited by Henno van Deventer

#Note-Author Name – Adam Schultz

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