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Pro Athletes Among Group Trying to Raise $4B in Cryptocurrency to Buy Denver Broncos | Bleacher Report

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Ric Tapia/Icon Sportswire via Getty Images

Businessman Sean O’Brien has helped
create the “BuyTheBroncos” decentralized autonomous organization
(DAO), which aims to raise $4 billion in cryptocurrency for bidding
to purchase the NFL’s Denver Broncos franchise.

CNBC’s MacKenzie Sigalos reported
Saturday the group of “crypto enthusiasts” already includes
attorneys, accountants, software developers and pro athletes ahead of
the DAO’s launch in March.

“We know it sounds a bit crazy, but
it’s also a bit badass,” O’Brien told CNBC. “The purpose
essentially is to establish an infrastructure so that fans from all
walks of life can be owners of the Denver Broncos.” 

The Pat Bowlen Trust announced Feb. 1
the Broncos were being put up for sale by the family following
Bowlen’s death in June 2019.

“Selling an NFL team is a complex
process involving numerous parties and league approval procedures.
Nonetheless, the trustees hope to have the sale completed by the
start of the 2022 NFL season,” the Trust said in a statement.

Several groups have begun to form ahead
of the bidding process, including two…

Read more…

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