Magic Johnson, Kanye West Lose Out On Broncos, Team Sells For Record $4.65 Billion

The NFL will have to wait for its first black team owner — the Denver Broncos just sold for a record $4.65 BILLION to Walmart heir Rob Walton and his family … which is sad news for Magic Johnson and Kanye West.

The Broncos and the Walton-Penner family announced the deal late Thursday night … which is believed to be the biggest deal for a North American franchise in sports history.

Walton — who has a reported net worth of $59 BILLION — will also take the throne as the richest owner in the league BY FAR — David Tepper, the owner of the Carolina Panthers, has a net worth of $16.7 bil.

As we previously reported, the Lakers legend was part of a group led by Philadelphia 76ers co-owner Josh Harris … although it’s unclear how far along their bid made it in the process.

The agreement also means Yeezy’s Donda Sports will not be part of a historic sale … after Antonio Brown previously told TMZ Sports the company was “extremely serious” about buying the Broncos back in March.

It’s worth mentioning — it’s unclear if Donda ever actually brought a bid to the table.

Walton spoke about securing the deal … saying, “Having lived and worked in Colorado, we’ve always admired the Broncos.”

“Our enthusiasm has only grown as we’ve learned more about the team, staff and Broncos Country over the last few months.”

He added … “We look forward to earning the confidence and support of the NFL as we take the next step in this process. When the necessary approval procedures are met, our family is excited to share more with Broncos fans, the organization and the community.”

The sale is expected to be made official in the next few months.

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