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Magic Johnson, Kanye West Lose Out On Denver Broncos Team Sells For $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.