because teams are rarely for sale and when they are they
sell for a whole lot of money. How about four point six, five
billion
it became official yesterday when the owners gathering in
Minnesota for some reason. I guess it's equidistant. I don't
know. They throw a dart at the map, I don't know. But in
Bloomington Minnesota, the owners got together and they
voted unanimously even Mike Brown voted? Yes. That's how
much
they like Walmart? Rob.
Walton Gregg Benner his son-in-law, they voted
unanimously
to approve the purchase
of the Broncos by
the richest owner. Now
by far 70 billion net worth, take that David Tepper and your
17 billion
Rob Walton got 70
billion. That's every is couch cushions
talking about purchasing
the Denver Broncos,
the Broncos are the 11 sports franchise that we would have
considered - just well Greg actually is he mentioned
started
conversations 10 years. Some ten years ago about it
then. Things
team actually announced its was for sale early this year and we
got in the middle of it. First thing we'd been talking about
it and
we have connections, they drag and Kari live in Colorado. I've
been going to Colorado, have a home there for a long, long
time, other family members there. So
Great connection for us. We're really excited about it and
it's just a terrific team, terrific band base.
Now I don't know that I buy the idea that it's the only sports
franchise, they would have purchased. But he said
something very telling their that his son-in-law Gregg
Benner who is the current CEO of Walmart Rob Walton is the
former CEO of Walmart.
Penner started this 10 years ago y 10 years ago because what
happened was and everybody has seen this coming. I'm surprised
it took as long as it did.
The light. Pat Bowlen right? Put the team in trust
and for a while we were led to believe that eventually. Yeah.
The three trustees were going to pick one of the seven kids,
just like this
Willy Wonka competition. Like one of the seven kids, we're
going to prove to be properly suited and capable and ready to
own the team and run the team. And it was going to be one
of those seven. And then as they started to fight among
themselves, it became clear, you know.
All seven have to be on board with this, or it doesn't happen.
And it became obvious
that they were never going to get all seven to agree. That's
when they shifted to. Let's just sell it mode and hey it
made a lot more holding it for 10 years then if they'd sold it
10 years ago that's for sure. I think goes
for maybe 15 10 years ago is going for 465 now
so well done that. They held it together for a decade and a lot
more money coming out of the Walmart coffers than would have
been and they get supposedly the only
Sports team. They would have purchased. Yeah. It it mean it's,
it's unfortunate that the Baldwin family couldn't figure
that out. I think they would have bought the Cowboys at
the Cow. Well not yeah. I mean of course in Arkansas they would
have bought the Cowboys. Yeah, you're probably right that
that's for sure, that's for sure.
I would say that would be one team that would probably be on
their list as well. Would you look at their family family
history? It's a shame that the Baldwin family couldn't figure
it out, you know, I got the chance to know some of them
then when
my, you know, through my years being out there,
but, but at the same time, I do think this Is a good thing for
the NFL, this type of Power Player, this type of money. And
I mean it is
it has a common link and I always liked that at least when
I hear, you know, a guy, a new ownership group. Yeah, we live
in Colorado. We've had our hand, you know, our eye on
this.
You know it's not just some rich guy that just wants to
throw money and have a toy. I do. It does seem like just from
that that there's like a
vested interest. They have a respect for that region of
the country. You know there they I'm sure, you know, mr. Walton.
Has yes the house in Aspen or in the mountains or somewhere
else is he was alluding to there, but
it is a great fan base with Incredible potential there.
And I'm like, that's the one thing that I know when I was there,
my one year. And then,
you know, I've been there a bunch of other times
football is King.
It really is. And even when they're not a really good team,
it's they still are one of those teams where you go. Oh,
the Stadium's pretty full, no matter what training camp
practices didn't matter and the July early August. East. If
the public was allowed in,
it was packed packed to the point where
I would be afraid. Whoa,
if I miss this out, route to Brandon Marshall here,
little Johnny over there might get a concussion so it was like
pressure like that but it's cool to see and it is one of
the I think one of the better franchises and all the football
and it's good
to see how that a family really wants to make it work and and
put something behind it to make it work
Mark. Davis, the Raiders owner was asked yesterday by one of
the Is covering the meetings as to whether or not the arrival
of The Waltons makes
the Broncos, a better team. And
and Davis basically said, hey, you know,
the bolin's were great owners and it's not like the Broncos
have been a consistent Powerhouse. They have won three
Super Bowl champions. Yes, but
I really do believe
that if you have solid stable ownership, that knows how to
hire good people and get the hell out of the way. You're
a Head of the curve. And if you have a presence now, will be
very interested to see
how involved Rob Walton is or
Gregg Benner who I think is still actively the CEO of
Walmart, so
kind of occupied, otherwise is Rob Walton going to be showing
up in the facility on a regular basis but even if that isn't
the case and I always prefer it when
ownership is there,
are they empowering good people
that they didn't hire, right? That's where it gets a little
awkward. Sure they walk through the door.
And they don't know these people. Rob Walton doesn't know
who George Payton is Rob Walton, doesn't know who
Nathaniel hack. It is
where I want to know who Patrick Smith is, who's been
basically an expert at,
providing the conduit between the team and the yeah, he's
great Patrick. Yeah. And so he's learning everything. He's
learning how to pronounce names. He doesn't know how to
pronounce, Roger Goodell? I thought that was amazing,
and I want to do a full psychological study on that
one. I don't know if we have the clip. Tape, but it took me
back to 2006. August 2, 2006,
when they were figuring out, who was going to replace Paul
taglio, booze, the NFL's. Commissioner, we see this Roger
Goodell like nobody knew who he was. Nobody knew how to
pronounce his name.
I said the same thing, Goodell and yesterday, Rob, Walton
in the moment where he's being introduced as the owner,
the Broncos, after he had, just been in a meeting with
the commissioner of the NFL. The guy whose name is on every
football for a team that they've been
Buying for a decade
and he mispronounced his name,
not once but twice. So
is he oblivious
to how the name is properly pronounced? Or was this
the ultimate walking through the door
power play by 70 billionaire, Rob Walton
that. I got so much juice and cash
that I don't need to pronounce the Commissioners name.
I'm well appropriately. I'm gonna do it. However, I want,
I don't, you know, I don't think it was intentional
and I saw the clip to,
you know, I hope it. Well I mean I hope it wasn't either.
I don't think it was but I do think it was I think you know,
you hope it was. I think it was. It's one of those to the,
you know, hey these probably a little nervous,
you know. I maybe maybe not that kind of football fan.
I mean nervous nervous.
You give me 70 billion. I'm not nervous about playing. Thank
well public. King is never easy. So maybe he was a little
nervous about that. It does sound like he was pushed with
this from other members of the family. I
just, I'll say that to that. Yeah, he's there. And he's
going to be the front man or whatever, but it seems like
this was like, hey, come on, let's do this. Let's do this.
Let's do this. Let's do this and he was
finally. Okay, I'll do it. Let's Daddy Daddy, I whack
glucose right by your horse. Well yeah I don't want a horse.
I want the Bronco. Yeah so he did this maybe for the
the better a better of his family. And that they wanted to get
involved and have the action of the NFL.
And when you have 70 billion I think to your point though,
sometimes. Yeah, you're just you're the man and you don't
care about little details about what's his name, huh? I don't
know. I just, I just
wrote a check for four point, six, five billion, it doesn't
matter. If I can't say his name, does it? But I do want to
say this, right,
you know, you brought up the money and like the 70 billion.
And I know we've talked about this, you know, before and it
does seem like I'm pumped that they've had their eye on it and
that they live there. I think that's when teams really,
you know, can make something special when the owners there
and,
you know, kind of can feel the DNA or the fabric of the city
and understand that a little bit, but money and something
I learned really, ever, since I got out of playing football,
the cash on hand,
you know, I've learned this from my friend, coach friends
in the NFL, it's just a little bit more of a,
what if I want to say an issue or a non-issue for a guy like
mr. Walton here
where
you know, there is a competitive balance there and
we've talked about this before where the ability for,
you know, now the Broncos
to right? Right out of signing bonus, that scuse me for
fifty million dollars. It's just they're not and you can't
dribble the check to the basket. Is what you're saying?
Yeah. Exactly. They're just that. So they're going to be
able to get whatever asset they want
and a lot of the times with pliers,
oh wait, contract is equal and
Years and numbers. But whoa
they're going to give me this right off the bat. It's in my
pocket no matter what and the guarantees a little higher even
though the other team might have had a
you know,
a higher, you know, per year average or whatever else. The
cash in hand wins more times than not and we've seen that
you know I always bring that up with you know
the Khalil Mac thing. Khalil Mac. One of the real reasons.
I think he didn't you know, end up with the Raiders, is
the Raiders couldn't write them. One of those big checks right
off the bat.
So there is an advantage to be had when you have an owner like
kroenke or Walton
to where they can make the star players perk up and go. Hey,
I got it right here right now. We don't gotta wait two three
years. It can get it
into your bank account. You can start collecting interest or
putting it in a hedge fund or whatever else. And I think
there is an advantage to that kind of a power player in
the NFL two points. Two points.
What's with this mr. Walton s***. I don't know either twice now,
Don't know why? I said you're trying to swap out your lows
commercial for a Walmart commercial. Sure, sure here,
Superman. Damn, guys, got 70 million billion. I'm ready.
Let me do it. I got it. In fact, I'll leave you right now,
mr. Walton if you want me to teach you the ways of the NFL,
a little bit? I will. Are you looking for a job? I'll come in
and work right now.
Right now, senior vice president, right? Charge of,
I don't know what, I don't know, what either pay me to do,
I'll do it. That's a good title of
be. Got to fit it, onto a business card but you just get
bigger business cards.
You make a great point though, we've talked about this
recently as it relates to the fully guaranteed DeShaun,
Watson contract, some teams can't put those Mega Millions
in escrow
right, the Cardinals. It was believed weren't going to go
close to the 230 million fully guaranteed, because Michael
Bidwell either can't, or won't put 170 million in escrow. If
you're going to do a 230 million
fully guaranteed contract, the way that the Browns have to
handle this, I Hold back at the time. It was done by next.
March 31st, 170 million needs to be. Put in, escrow
some teams, can do it,
some teams can't and Russell Wilson.
He's the big winner yesterday, baby, no doubt, because
he's getting a fully guaranteed contract. I don't know if he
gets a percentage of the cap, he gets a fully guaranteed
contract and that's going to be the thing that distinguishes,
the Broncos,
from the Raiders. So
they asked Mark Davis about The Waltons. He can say whatever he
wants. Deep down if he understands his Business. He's
thinking I think he does.
Oh great. Yeah. Now it's harder for me. I'm going to have to
spend more dollars and chew up more cap space to get the same
guy
because the same guy for the same total dollars that hit
the cap, they get all their money now
and I can't give him the money. Now, exactly to space it out
over 3. That's another point. I didn't, I can't like
the Buccaneers. I can't write a signing bonus. Check in
the offseason, right. I gotta wait till the TV money's coming in
the door. Sorry.
And here comes here comes Walton like the slot machine
that just paid off in the money's going everywhere? Yeah,
no. I think that's a very real, you know,
aspect there that I left out of my explanation is that
the salary cap part of it and how its set up with
the guaranteeing money in the signing bonus and how, you
know,
yes, that that gets you know
who I am. I say lessons, the average per year that counts
against the salary cap, which is another great advantage in
a great Point by you.
So yeah, it's exciting to see and I think this is just going
to
what I think is great. I mean the NFL
Is of course exploding. And I think it's my only exploding on
the world stage because of, you know, the phone and social
media and people are really all across the world starting to
like go. Whoa, this is a cool sport. And
yeah, I mean, it's fun. They're out there, you know, hitting
each other and killing each other, and this guy's fast as
hell. And this guy can throw lasers, but I think that, you
know,
enough people around the world are starting to understand like
wow, this game has more,
you know, schematics and
thinking and you know, how am I going to attack this? Than most
sports in the world.
You know, it's a tactical sport, you know. I think it's
more that you know, at first when people watch it, I think
they think is oh it's just a bunch of guys running around.
Hit each other and then you start to realize. Whoa, now
there's a lot that goes into this
and I think it opens the Box firm
the Jeff Bezos and
who knows, Elon musk's of the world or whatever. Now
to where maybe they're going to want to get involved in the NFL
and I think ultimately that's already gone moss garden and
earn an NFL team and putting cyborgs out there. I don't want
to go that. I don't want him to do that. See their first off
Tesla's, a great car, but their customer service and their
customer service center suck. So he needs to figure down
first, okay, you make it a Walmart Crush, that's like
going That's the yeah, nope, I'm not the hell would that he
needs to,
he needs to figure that out. It's a, it's horrible for what
I paid for that car.
By the way, the ownership group in Denver, now also includes
Condoleezza Rice and F1 driver Lewis. Hamilton, its kind of,
with Stephen Ross. Did back when he bought the Dolphins,
a little sliver to some recognizable names.
Good job. Bob Hope. Hopefully that's the only thing that Rob
Walton will have in common
with still it's even Ross,
don't otherwise throw out the Playbook
Rob. Don't take any advice.
Well, not that not that Rob
Walton had to even encounter Stephen Ross. Yesterday he
wasn't allowed to went on to be there. Yeah, that's right. He'd
been a
been a bad boy. Yeah. Let's feel bad for Steven Ross, Pete.
I'm sorry, he wasn't there because of his own misconduct,
and he's lucky that he got what he did. It should have been
worse. He got away with tampering or no,
he got nailed for tampering.
He got away with tanking and he didn't get nailed for tampering
the way that he should.