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Byron Allen says he's bidding to buy the Broncos

Media mogul and former comedian stated he was approached by NFL commissioner Goodell and Patriots' owner Kraft in 2019 about buying a team.

DENVER — How strong a bid Byron Allen can make remains to be seen, but the media mogul is the first known person to announce he is bidding on the Denver Broncos.

“NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November of 2019 and asked me to take a good look at buying an NFL team,” Allen, chairman and chief executive officer at Allen Media Group, said in a statement to Bloomberg.com. “And after serious consideration, I strongly believe I can effectuate positive changes throughout the league. And for that reason, I will be making a bid for the Denver Broncos.”

The Los Angeles Times also reported Alec Gores and two partners in the Beverly Hills-based Gores Group could also be candidates to bid on the Broncos. Gore, Florida investor Dean Metropoulos and United Wholesale Mortgage executive Mat Ishbia are said to be worth a combined $10 billion, according to Forbes.

Various websites list Allen’s net worth at between $400 million and $450 million – impressive but nowhere near the amount necessary to buy the Broncos, whose sale via auction is expected to fetch around $4 billion. That would suggest Allen’s net worth is either significantly underreported or he has deep-pocketed backers lined up.

Credit: AP Photo/Chris Carlson
Comedian and media mogul Byron Allen poses for a picture Thursday, Sept. 5, 2019, in Los Angeles.

Allen, 60, is a former standup comedian who made his television debut at age 18 on The Tonight Show Starring Johnny Carson. He later founded Entertainment Studios, whose growing portfolio includes the Weather Channel.

In 2019 he formed the Allen Media Broadcasting, which began to acquire broadcast stations across the country from Honolulu to Huntsville. Allen Media Group reportedly is also in the bidding to buy TEGNA broadcasting, which includes 9NEWS KUSA-TV.

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