Sports

Buyer of NFL’s Denver Broncos Could Write Off $3 Billion, Sportico Says

Denver Broncos players run onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on Jan. 8. — Denver Broncos players run onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on Jan. 8.
Photographer: Dustin Bradford/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Donald Moore

January 26, 2022 at 5:49 PM UTC

Whoever buys the NFL’s Denver Broncos in what’s expected to be the most expensive team sale in U.S. sports history is in line for a tax write-off that could total as much as $3 billion, according to Sportico.

Under Internal Revenue Service rules, the new owner will be allowed to deduct intangible assets, which can amount to more than 90% of a sports team’s value, the online news site said in a report Wednesday. Sportico valued the Broncos at $3.8 billion in September.