Billionaire Rob Walton is reportedly considered the favorite to purchase the NFL's Denver Broncos.
Walton, who is a Walmart heir and worth $70 billion, is expected to submit an opening bid of at least $4 billion before Friday's team-imposed deadline, according to Josh Kosman of the New York Post.
Notably, Walton is cousins with Ann Walton Kroenke, whose husband Stan Kroenke owns the Los Angeles Rams.
This article will be updated to provide more information on this story as it becomes available.
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