Byron Allen says he’s making an offer to buy the Denver Broncos
The media mogul and former comedian told Bloomberg he was approached by NFL commissioner Goodell and Patriots owner Kraft in 2019 to buy a team.
DENVER — How strong of a bid Byron Allen can make remains to be seen, but the media mogul is the first known person to announce he’s bidding on the Denver Broncos.
“NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November 2019 and asked me to carefully consider buying an NFL team,” said Allen, President and CEO of Allen Media Group, said in a statement to Bloomberg.com. “And after careful consideration, I firmly believe that I can effect positive change across the league. And for that reason, I will make an offer for the Denver Broncos.”
Various websites list Allen’s net worth at between $400 million and $450 million — impressive but nowhere near the amount needed to buy the Broncos, whose auction is expected to fetch around $4 billion. This would suggest that Allen’s net worth is either significantly underreported or that he has deep-pocketed backers lined up.
Allen, 60, is a former comedian who made his television debut at age 18 on The Tonight Show Starring Johnny Carson. He then founded Entertainment Studios, whose growing portfolio includes Weather Channel.
In 2019, he formed Allen Media Broadcasting, which began acquiring broadcast stations across the country, from Honolulu to Huntsville. Allen Media Group is also said to be in the running to buy TEGNA broadcasting, which includes 9NEWS KUSA-TV.
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