A new DAO has been launched to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for $4 billion.
BuyTheBroncos DAO aim is to give fans a chance to own a piece of the team no matter their level of wealth
If successful it would join the Green Bay Packers among NFL teams owned by the fans. Fans looking to own a stake of the Broncos through the DAO could contribute as little as they like, as opposed to the $300 per share for the Packers. Members of the DAO who contribute Ether to purchase the team will be issued a NFT.
BuyTheBroncos currently has a number of professionals among its 630 Twitter followers, including attorneys, accountants, software developers, professional athletes, and a mathematician.
Trustees of the team have expressed some urgency in shifting ownership over to a new party before the start of the 2022 season, but there will be no discount for the buyer. ESPN expects the team to sell for $4 billion, making it the highest price for a North American sports team in history.
However It is unclear whether NFL commissioner Roger Goodell would allow a DAO to own and operate a team.
