ENGLEWOOD, Colo. -- The Denver Broncos are officially up for sale in what will likely have biggest price tag in North American sports history.
The sale was announced Tuesday by the Pat Bowlen Trust, which has operated the team since Bowlen stepped away from day-to-day operations of the team in 2014 due to the early onset of Alzheimer's Disease. The team is valued at just under $4 billion.
Joseph Tsai paid a total of $2.35 billion -- $1 billion for a 49 percent stake in 2017 and the additional $1.35 billion for the other 51 percent in 2019 - for the NBA's Brooklyn Nets and that is the highest price paid for a North American sports franchise.