Denver Broncos latest bids, USFL debut, Syracuse Dome: Sporticast – Sportico.com
On the latest episode of Sporticast, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the Denver Broncos’ latest sellout. Five potential buyers have submitted non-binding preliminary offers to buy the NFL team, according to a Sportico report, including groups led by Josh Harris, Todd Boehly and Rob Walton.
Each of these names is notable for different reasons. Harris (co-owner of the 76ers and Devils) and Boehly (investor in the Dodgers and Lakers) are also backing finalist groups in English football giant Chelsea’s auction. But in the sale of the Broncos, Walton occupies the most important place. The Walmart heir is worth an estimated $70 billion, making him one of the richest people on the planet, and his presence in the sale has many wondering if his offer is inescapable. He would be the richest owner in the NFL by a factor of five, and the trust selling the Broncos has a fiduciary duty to sell the team to the highest bidder.
The hosts talk about two more football stories – the USFL debut this weekend and the latest iteration of Turner’s “The Match” golf property. Star quarterbacks Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen will face off in the next golf showdown, the first time the event has taken place without any professional golfers.
Finally, the hosts talk about how Syracuse University renamed the Carrier Dome, which is home to the school’s football and basketball teams. HVAC manufacturer Carrier gave the school a $2.75 million gift in 1979, which included naming rights for the life of the building. Over time, as naming rights grew into a billion-dollar business, this deal seemed to get worse and worse for the school. Syracuse recently negotiated an exit from this agreement, and local JMA Wireless will take over the rights.