The Walton-Penner Ownership Group agreed to pay $4.65 billion — a record price for a sports franchise — to settle the purchase from the Bowlen family. The late Pat Bowlen, and his heirs, had owned the team for 38 years.“We are grateful for the support and trust of the National Football League and the 31 other teams with today’s vote. We couldn’t be more excited to join the Denver Broncos,” Walton said in a news release on Tuesday.
The previous record sales price for an NFL franchise was the $2.275 billion David Tepper paid for the Carolina Panthers in 2018. “Looking ahead, I am confident the Walton-Penner Family Ownership Group will add to the Broncos’ championship tradition on and off the field while putting their own stamp on this great organization,” said longtime Broncos president and CEO Joe Ellis, who is stepping down as the franchise changes hands. “I was asked by them to serve as an advisor to ownership for this season, and I’ve accepted their request to help in the transition however possible.”valued the Broncos at $3.
And they can have a family reunion of sorts. The Kroenkes also own the Colorado Avalanche of the NHL and the Denver Nuggets of the NBA.
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