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Denver Broncos Strike Deal with Walton-Penner Group

Denver Broncos Strike Deal with Walton-Penner Group

Credit: Unsplash

The Walton-Penner group will buy the team for $4.65 billion.

Out of all of the major NFL teams, one of the most popular and profitable is undoubtedly the Denver Broncos, thanks to their consistent win records and high attendance rates. It shouldn’t be surprising, then, that they’d be a hot ticket item for any sports-enthusiast billionaires, which is exactly how they were able to score an extremely lucrative new contract this week.

Last night, it was announced that the Denver Broncos had struck an acquisition deal with the Walton-Penner group, led by Walmart heir Rob Walton. According to the deal, the Walton-Penner group will be acquiring the Denver Broncos in its entirety (pending approval by the NFL’s finance committee and owners) for a price tag of $4.65 billion.

“Today marks a significant step on the path to an exciting new chapter in Broncos history,” Broncos CEO Joe Ellis said in a statement.

Assuming no unforeseen issues occur, the deal is expected to close in two to three months.

“We are thrilled to be selected to move forward with the purchase of the Denver Broncos!” Walton said in a statement. “Carrie, Greg and I are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans. 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.”

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