Byron Allen On Becoming First Black To Own NFL

Byron Allen is the current Chairman and CEO at Allen Media Group. He is also a former comedian and television host. Black History Month is happening soon and he is looking to add to the history. This is because he’s on track to becoming the NFL’s first Black owner. The multimillion-dollar entrepreneur will place a bid for the Denver Broncos.

According to Bloomberg, Allen was approached by the commission of NFL Roger Goodell and CEO of the New England Patriots, Robert Craft in 2019, which was officially announced at the start of February 2022.

Here  is what Byron Allen said in a statement; “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, 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.”

Gist has it that 60-year-old Byron Allen, and the Broncos are working with bankers and the team. They have decided to allow Allen & Co., and investment bank to handle the transaction. Allen and the investment group could pay $3 billion to $4 billion for team ownership.

Report also has it that John Elway and Peyton Manning, NFL Hall of Famers  are reportedly in the bidding hunt too while Black American investor Robert F.Smith, who had previously shown interest has paused his consideration.

The ownership of the team has been in limbo since the passing of Pat Bowelen in 2019 who was the former owner. Since then, Broncos have been managed by the Pat Bowlen Trust team CEO Joe Ellis, Vice President and General Counsel Rich Slivka and lawyer Mary Kelly.

Denver Mayor Michael Hancock had said in a statement that, “Settling the ownership situation is critical to getting the organization’s attention focused back to where it needs to be, which is fielding a successful and competitive football team that all of Broncos Country can continue to be proud of”.

In the midst of the NFL’s continuous bout to handle controversies surrounding race and social injustice, Allen being the owner of the Broncos could be a spin in the right direction.

What do you think?

 

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