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From the Wall Street Journal this morning:

"A group led by billionaire Walmart heir Rob Walton has agreed to purchase the Denver Broncos for $4.65 billion, a person familiar with the matter said, in a record-breaking transaction that brings one of the world’s wealthiest people into the NFL and ends years of drama surrounding one of the sport’s most iconic franchises.

"The team announced the agreement late Tuesday without disclosing the price. The sale, which is still pending league approval, is far and away the richest ever for a North American sports team and doubles the high price for sales of NFL teams, which was previously about $2.3 billion … Walton is one of the heirs to the fortune of Walmart, which was founded by his father Sam Walton. The buyers also include Walmart chairman Greg Penner and his wife Carrie Walton Penner, who is also Rob Walton’s daughter.

"The group gives the Broncos the deepest pockets in the sport—a radical shift after years spent in ownership turmoil."