Rob Walton, heir to Walmart, will purchase the Denver Broncos for $4.65 billion.

Rob Walton, the eldest son of Walmart founder Sam Walton, is in line to become the company's new owner

Walton will pay $4.65 billion, although financial conditions were not immediately released, according to 9News in Denver

The price tag of $4.65 billion would also set a record for an American sports team

Walton stated in a statement made by the organisation, "We are excited to be moving forward with the purchase of the Denver Broncos." "

Forbes estimates Walton's net worth at $65 billion. Walton, 77, was Walmart's chairman from 1992 to 2015 and has a net worth of $65 billion

Prior to the ownership transfer becoming official, the NFL must review Walton's bid

Walton has the net wealth to submit a clean financial package and is married to Los Angeles Rams owner Stan Kroenke

Once the deal is done, Walton will have the most power over the Broncos

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