Peyton Manning SANTA CLARA, CA – FEBRUARY 07: Peyton Manning #18 of the Denver Broncos celebrates with the Vince Lombardi Trophy after Super Bowl 50 at Levi’s Stadium on February 7, 2016 in Santa Clara, California. The Broncos defeated the Panthers 24-10. (Photo by Patrick Smith/Getty Images)

The Denver Broncos will soon have new ownership. Bob Walton, one of the heirs to the Walmart fortune, is expected to win the bidding for the team with an offer of around $4. 5 billion, the most expensive team sale in U.S. sports history.

While the bid is all but set to be approved by the league, it means that this offer will have beaten ownership groups that included former Broncos quarterbacks Peyton Manning and John Elway.

Even though Manning’s group didn’t win the bid, there are reports out that the Hall of Fame quarterback may still be part of the team in some capacity.

As Mike Klis reports, the new owner may want Manning to have minority ownership of the team and be some type of advisor to the franchise.

No word yet from Manning if he intends to accept this role.

It will be interesting to see if the NFL pushes the Walton’s to add minority faces to their ownership group, something the league has really focused on. Clearly, Peyton Manning is not a minority, but if he is given a new role with the team, you wonder if he may be the one that encourages Walton to add more minority faces to upper management.

The Broncos are still part of the lawsuit from former Miami Dolphins head coach Brian Flores for alleged discrimination in their hiring practices, which the team has denied.

Even without an ownership stake, Manning has been involved recently in advising new Broncos quarterback Russell Wilson.


About Stacey Mickles

Stacey is a 1995 graduate of the University of Alabama who has previously worked for other publications such as Sportskeeda and Saturday Down South.