A trio of Big Law firms have landed lead roles on the nearly $5 billion sale of the NFL’s Denver Broncos announced Wednesday.
Hogan Lovells, Proskauer Rose, and Covington & Burling are advising separate clients on the transaction, while Sidley Austin represented a runner-up bidder, said two sources familiar with the matter.
The winning bidder for the Broncos, which went up for sale earlier this year, is a group led by billionaire S. Robson Walton, a lawyer and son of late Walmart Inc. founder Sam Walton. The NFL franchise is being sold by the Pat Bowlen Trust, named after ...