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UWM Holdings' Ishbia part of group interested in buying Denver Broncos

Los Angeles Times

John Elway and Peyton Manning may want to buy a piece of the Denver Broncos, but Mat Ishbia, CEO of Michigan's UWM Holdings, is teaming with a Los Angeles billionaire as possible contenders for what is expected to be the priciest team sale in North American sports history.

Ishbia, 42, is joining Alec Gores, 69, whose Beverly Hills-based Gores Group buys and sells companies, as part of an investment group in which the three partners have a combined net worth of $10 billion, according to Forbes. The group also includes Dean Metropoulos, 75, a Florida investment titan with whom Gores teamed to revive the iconic Hostess Brand.