Denver Broncos' record $ 4.65 billion to Wal-Mart's heir Rob Walton and his daughter and son-in-law The sale of was unanimously approved. The expected final step of a transfer from the late Pat Bowlen's family on Tuesday by the NFL owner.
Voting took place at a league conference at a hotel in Minnesota, with Walton, his daughter Carrie Walton Penner, and her husband Gregory Penner media by NFL Commissioner Roger Goodell. Was introduced to. Worth an estimated $ 60 billion, Walton is the eldest son of Wal-Mart founder Sam Walton and will be the wealthiest owner in the league.
Walton's group has paid sports franchises around the world the highest prices ever. His three limited partners are F1 World Champion Lewis Hamilton, Starbucks Board Chairman Mellody Hobson, and former US Secretary of State Condoleezza Rice. The three investors are all black and meet the NFL's goal of bringing more racial diversity to ownership groups, front offices and coaching staff.
Pat Bowlen Trust franchise after Boren withdrew from day-to-day operations in 2014 Operated. Because of Alzheimer's disease. He died in 2019, a month before he was inducted into the Pro Football Hall of Fame.
Bowlen wants one of his children to take over the team, and Brittany Bowlen, now 32, is the councilor's elected successor. was. The club was put up for sale because not all of her brothers supported the choice. Brittany Bowlen resigned as Vice President of Strategy for the team after the Walton Penner Group won the franchise at the winning bid.
Only one other NFL club has been sold in the last 10 years. From Jerry Richardson to David Tepper, it's the Carolina Panthers, which was a record $ 2.2 billion at the time.
Broncos has become the first team to change primary owner, head coach and quarterback in one offseason since the Miami Dolphins in 2008.
"I'm excited to come here every day to play football. When it comes to ownership, I'm very excited to know, meet and move forward. Here's a great history. Yes, you can learn a lot from history. Good things, bad things, and everything.
The first major decision under the supervision of the Walton Group was the Seattle Seahawks in March. Russell Wilson's contract extension for the new quarterback arrived through trade with. The new deal for the nine Pro Bowl Picks is expected to be in the $ 260 million range for five years.
Already One pressing issue: assessing stadium conditions. Mile High's Emperor Field is only 21 years old, but is home to the SoFi stadium in Los Angeles and the AFC West rival Chargers and Raiders in Las Vegas. Lacking the ability to generate frills and revenue for new venues, such as the Alesian Stadium in
- In:
- Denver Broncos
- NFL
- Walmart
- Denver
Thank you for reading CBS News.
Create a free account or log in to
to take advantage of other features.
