NFL Officially Approves Sale of Broncos to Walmart Heir Rob Walton


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The Denver Broncos officially have a new owner.

The National Football League approved selling the three-time Super Bowl champions to Rob Walton, heir to the Walmart fortune, whose father founded the corporation in 1962.

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Walmart Chairman Rob Walton speaks during the annual Walmart shareholder meeting on June 1, 2012 in Fayetteville, Arkansas.

Walmart Chairman Rob Walton speaks during the annual Walmart shareholder meeting on June 1, 2012 in Fayetteville, Arkansas.
(Reuters/Jacob Slaton)

“The Broncos are a franchise if we have all to choose from,” Walton said in a video tweeted by the team. “The Broncos have a terrific history: championships, great leadership, Super Bowl wins — we couldn’t be happier to join such a terrific organization.

“The goal of the ownership group is to win games, of course, to win the Super Bowl, but we want this team to play its rightful role in the community. To make the Broncos a place fans can be proud of. Pride works here and the players want to be a part of it.”

Walton’s daughter, Carrie Walton, will take over alongside Penner and her husband, Greg Penner, Walmart’s current president.

“Our primary goal is to go out and win, but we want to make sure we do everything we can to make sure the Denver Broncos are the best team to play for, cheer for and work for,” said Carey Walton. Penner.

Penner is expected to have a major role in day-to-day operations, potentially as the team’s CEO.

A general view after a Denver Broncos touchdown during the game between the Broncos and the Cincinnati Bengals at Empower Field at Mile High on December 19, 2021 in Denver, Colorado.

A general view after a Denver Broncos touchdown during the game between the Broncos and the Cincinnati Bengals at Empower Field at Mile High on December 19, 2021 in Denver, Colorado.
(Dustin Bradford/ICON Sportswire via Getty Images)

Walton has an estimated net worth of $65 billion, making him one of the 20 richest people on earth and the richest owner in the league.

Walton bought the team from the trust. The late Pat Bowlen bought the team in 1984 for $78 million, and his family officially put the team up for sale in February. Bowlen relinquished the reins of the team to Joe Ellis in 2014 as he battled Alzheimer’s disease.

“As I step down as President and CEO, it has been the honor and privilege of a lifetime to be a part of the Denver Broncos for 27 seasons,” said Ellis. said in a statement. “I am forever grateful to our dedicated staff, players and coaches for making this franchise what it is today – one of the best organizations in all of sports.”

A general view of Empower Field at Mile High in Denver, Colorado on September 15, 2019.

A general view of Empower Field at Mile High in Denver, Colorado on September 15, 2019.
(Dustin Bradford/Getty Images)

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The team’s minority shareholders include former United States Secretary of State Condoleezza Rice, Formula One champion Lewis Hamilton and Starbucks president Melody Hobson.





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