'Business Is A Contact Sport': Byron Allen Talks About Bid To Buy Denver Broncos
(CBS4) -- The sale of the Denver Broncos is expected to make history on at least two fronts. First it's expected to be sold at a record price -- the team is valued at around $4 billion. And, the Broncos could become the first team to have a Black owner.
One possible contender for ownership is comedian and media mogul Byron Allen. Allen spoke to CBS Sunday morning.
In 2018, Allen payed $310 million dollars to buy The Weather Channel - making him the first Black American to own a 24-hour mainstream cable news network. The Allen Media Group includes 36 TV stations, 12 cable networks, six streaming platforms and several distribution companies.
"Business is a contact sport," he told CBS News.
Allen announced this past week that he's also putting in a bid to buy the Denver Broncos.
"There are kids out there that look like me that when they see that, they're gonna-- it's gonna change their perspective of themselves."
The other NFL owners must approve the sale of the Broncos. They meet next month.
