Tag: Byron Allen

Media mogul Byron Allen is set to place a bid on the Commanders

Byron Allen made a bid for the Denver Broncos earlier this year.

The NFL world was buzzing Wednesday morning when a Forbes report stated that Washington Commanders owner Daniel Snyder had hired Bank of America to explore a potential franchise sale.

The report stated that it could be for the entire team or a minority stake. Shortly after the Forbes story broke, the Commanders released a statement confirming the story.

What does this mean? At this point, no one really knows except the Snyder family.

But that hasn’t stopped at least one potential buyer from preparing to make a run at the Commanders.

Media mogul Byron Allen, the founder, owner and CEO of Entertainment Studios, also known as the Allen Media Group, is preparing a bid for the Commanders, according to Kamaron Leach of Bloomberg.

Per Leach, Allen is working with an investor group. If he follows through with a bid on the Commanders, it would be his second bid at NFL ownership this year. Allen placed a bid on the Denver Broncos earlier this year, but Denver’s bid was won by a group led by Robert Walton of the Walmart fortune for $4.65 billion.

A bid for Washington is expected to cost significantly more.

Allen has been a successful stand-up comedian, television producer and media executive. The 61-year-old Allen was born in Detroit and grew up in Los Angeles.

After failing to buy Broncos, Byron Allen plans to buy next NFL team that hits market

After failing to buy the Broncos, Hollywood mogul Byron Allen aims to buy the next NFL team that hits the market.

When the Denver Broncos went up for sale, Hollywood mogul Byron Allen made it known publicly that he was interested in buying the team.

Allen wasn’t among the finalists in the bidding, though, as a group led by Walmart heir Rob Walton completed a purchase of the team for $4.65 billion.

“When you lose to the richest family in the world, it’s not a bad day in the office,” Allen told TMZ earlier this month.

NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft have encouraged Allen to pursue becoming an NFL owner, and it appears that he plans to bid on the next team that hits the market.

“Listen, buying an NFL football team is a process and we had the pleasure of being a part of that process,” Allen told TMZ. “We didn’t get this one, but I’m highly confident we’ll get the next one.”

Washington Commanders owner Daniel Snyder has faced pressure to sell the NFL’s D.C. franchise, but the Seattle Seahawks might be more likely to go up for sale first. Other candidates to be sold in the coming years include the New Orleans Saints and potentially the Chicago Bears.

So Allen will likely get more opportunities to bid for an NFL team.

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WATCH: Byron Allen talks bid for Broncos on ‘CBS Sunday Morning’

‘CBS Sunday Morning’ aired a feature on Byron Allen earlier this week. You can watch the full interview here.

Media mogul Byron Allen plans to bid for the Denver Broncos, who are expected to be sold for more than $4 billion this offseason.

Allen appeared on “CBS Sunday Morning” earlier this week to talk with Lee Cowan about his entrepreneurship, his bid for the team and more. The full interview can be seen in the above video.

Allen is one of three parties who have publicly expressed interest in buying the team, but many more investors are weighing bids privately. More names should be revealed in the coming months.

The Broncos hope to complete a sale before the 2022 NFL season.

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Broncos potential owner tracker: Who will buy the team?

From Byron Allen to Peyton Manning to Kwanza Jones, many names have been linked to Broncos ownership. We are tracking all of the buzz here.

The Denver Broncos are officially up for sale and the team is expected to be sold for more than $4 billion. The Broncos are hoping to complete a sale before the 2022 NFL season, but the process could take months to finalize.

We will be tracking all of the latest developments on the ownership front on this page in the coming weeks and months.

Confirmed interest

1. Byron Allen
2. John Elway
3. Crypto group supported by Gov. Jared Polis

Reported interest

1. Alec Gores, Dean Metropoulos and Mat Ishbia
2. Behdad Eghbali, Jose Feliciano and Kwanza Jones
3. Josh Harris
4. Peyton Manning

Rumored interest

1. Kanye West
2. Jay-Z

Not interested, per reports

1. Robert F. Smith
2. Jeff Bezos

Pat Bowlen and his family purchased the Broncos from Edgar Kaiser in 1984. Bowlen stepped down from his day-to-day duties in 2014 due to his battle with Alzheimer’s disease, and he died in 2017.

Since Bowlen stepped down, the team has been controlled by the Pat Bowlen Trust, led in part by team president/CEO Joe Ellis. The team’s next owner will assume control of the team.

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Following request from Roger Goodell and Robert Kraft, Byron Allen plans to bid for Broncos

With endorsements from NFL commissioner Roger Goodell and Patriots owner Robert Kraft, Hollywood mogul Byron Allen plans to bid for the Broncos, according to Bloomberg.

Hollywood mogul Byron Allen plans to bid for the Denver Broncos, according to a report from Kamaron Leach of Bloomberg (subscription required for link).

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

Allen, 60, started working as a stand-up comedian at age 14 before later making his TV debut at age 18. He launhced his own show in 1992 and it aired for 21 seasons. He founded Entertainment Studios in 1993 and later acquired The Weather Channel in 2018. One year later, he teamed up with Sinclair to purchase Fox Sports Networks (now Bally Sports).

Allen could not afford to buy the team on his own, but Bloomberg reports he is assembling an investment group that could pay $3-$4 billion for the NFL franchise.

The Broncos hope to complete a sale before the 2022 NFL season.

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