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NFL-Denver Broncos reach agreement with Walton-Penner family for sale of team
Reuters
NFL-Denver Broncos reach agreement with Walton-Penner family for sale of team
Wed, June 8, 2022, 6:34 AM
June 8 (Reuters) - The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement for the takeover of the National Football League (NFL) team, both parties announced.
The Walton-Penner family, led by Walmart heir Rob Walton, will acquire the Broncos from the Pat Bowlen Trust in a deal reportedly worth $4.65 billion, a record for an American sports franchise.
"We are thrilled to be selected to move forward with the purchase of the Denver Broncos!" Walton said in a statement late on Tuesday.
"Carrie (Walton-Penner), Greg (Penner) and I are inspired by the opportunity to steward this great organisation in a vibrant community full of opportunity and passionate fans."
The purchase will need approval from the NFL's finance committee and league ownership.
{snip}
NFL-Denver Broncos reach agreement with Walton-Penner family for sale of team
Wed, June 8, 2022, 6:34 AM
June 8 (Reuters) - The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement for the takeover of the National Football League (NFL) team, both parties announced.
The Walton-Penner family, led by Walmart heir Rob Walton, will acquire the Broncos from the Pat Bowlen Trust in a deal reportedly worth $4.65 billion, a record for an American sports franchise.
"We are thrilled to be selected to move forward with the purchase of the Denver Broncos!" Walton said in a statement late on Tuesday.
"Carrie (Walton-Penner), Greg (Penner) and I are inspired by the opportunity to steward this great organisation in a vibrant community full of opportunity and passionate fans."
The purchase will need approval from the NFL's finance committee and league ownership.
{snip}
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