The Denver Broncos have entered a purchase and sale agreement with the Walton-Penner family ownership group, the sides announced Tuesday night. The NFL's finance committee and league owners will need to approve the sale.
among his vast portfolio, recently purchased Chelsea in the English Premier League for more than $5 billion.
It is expected Penner will have a prominent role in the day-to-day operations of the team, and Ellis had expressed the importance, since the team was formally put up for sale on Feb. 1, that the new owner be"visible" in the community and understand the Broncos' place in Denver, the state of Colorado and the region.
Bowlen never formally declared a successor among his children, and when he stepped away from the team's day-to-day operations, he had his interest in the team placed in a trust overseen by Ellis, Broncos counsel Rich Slivka and Denver attorney Mary Kelly.that coincided with a current six-year streak of playoff misses on the field. The team's Super Bowl 50 win to close out the 2015 season was the last postseason game the Broncos played.
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