Read it again: Broncos enter into sale agreement with Walton-Penner family to purchase franchise
Less than 48 hours after a second round of bids to buy the Broncos were filed, the team announced late Tuesday night that they have entered into a purchase and sale agreement with a group headed by billionaire Rob Walton and his son-in-law, Greg Penner.The Walton-Penner Family Ownership Group’s bid was chosen over those submitted by Josh Harris, Mat Ishbia and Jose Feliciano.
“Having lived and worked in Colorado, we’ve always admired the Broncos. Our enthusiasm has only grown as we’ve learned more about the team, staff and Broncos Country over the last few months.” In a statement, Broncos president/CEO Joe Ellis said: “I am confident that their leadership and support will help this team achieve great things on and off the field.”
Walton, the son of Walmart founder Sam Walton, is entering sports franchise ownership for the first time.
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