Billionaire Robert F. Smith may become the first black person to own an NFL team

Robert F. Smith

Billionaire Robert F. Smith may become the first black person to own an NFL team

Billionaire Robert F. Smith could become the first black person to own an NFL franchise.

Billionaire investor Robert F. Smith59 years old, is racing to own the Denver Broncos football team. Most importantly, he could become the first black person in history to buy an NFL franchise. According to reports, the team will gross about $4 billion, making it the richest franchise in US sports history.

blacksmith– Who’s net worth is around $6.7 billion – there will be bids against other candidates like NFL veterans Peyton Manning and John Elway. Brittany Bowlen, daughter of former Broncos . owner Pat Bowlen, allegedly threw her hat into the ring.

Robert F. Smith and his wife, Hope

even though blacksmith arguably America’s richest black man, he tends to fly under the radar. He gave his income back to the black community by donating millions of dollars to several black causes.

In 2019, he promised to support 400 Morehouse College graduates by paying off their student loans. The Denver native spent $34 million to cover their finances.

His Fund II aims to “perpetuate the African-American experience.” The charity has donated nearly $250 to The United Negro College Fund, NPower, and The Opportunity Network.

blacksmith helped open the National Museum of African American History when he donated $20 million to it in 2016.

Robert F. Smith founded Vista Equity Partners, a private equity firm, in 2000. Today, the company is worth $86 billion.

To catch the Denver Broncos, blacksmith would need to put down a minimum of $1.2 billion.

Do you think Robert F. Smith will be the next Denver Broncos owner? Leave us your comments and let us know!

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