Devils Owner Josh Harris “Exploring” NFL Ownership
Josh Harris, the owner of the New Jersey Devils and Philadelphia 76ers, and co-founder of Apollo Global Management is weighing his options at potential bid for the NFL’s Denver Broncos.
The Broncos are worth over $4 billion as a franchise and are up for sale after a long legal battle where a judge ruled the heirs of former Broncos owner Edgar Kaiser Jr. couldn’t buy back the team as part of a right of first refusal agreement. The Bowlen family, which has owned the team since 1984, decided to put the team up for sale after a majority owner couldn’t be agreed upon among the kids of the late Pat Bowlen.
In addition to owning the Devils and Sixers, Harris has a minority stake in the Pittsburgh Steelers franchise. He would have to give up that stake if he were to become the owner of the Broncos.
If the Broncos bring in around $4 billion it would be highest price paid for a North American sports franchise. The previous high was Steve Cohen’s $2.4 billion purchase of the New York Mets last year. Ironically Harris was one of the three bidders for the Mets before Cohen was approved by Major League Baseball.
Harris and his business partner David Blitzer have owned the Devils since 2013, and the Sixers since 2011.
Billionaires are circling the Denver Broncos 🏈
— Gillian Tan (@GillianTan) February 10, 2022
Apollo co-founder Josh Harris & a group comprised of Clearlake co-founders Behdad Eghbali & Jose Feliciano & Feliciano's wife Kwanza Jones, are exploring separate bids.
Scoop w/ @HeatherPerlberg ⬇️https://t.co/PcbPWUUW37
