
“While this purchase and sale agreement is pending approval from the NFL’s finance committee and league ownership, today marks a significant step on the path to an exciting new chapter in Broncos history,” team president and CEO Joe Ellis said in a statement. The agreement for the Walmart-Penner group to buy the franchise from the Pat Bowlen Trust must be approved by the NFL, but that is considered a formality. The price tag far surpasses the $3.1 billion sale last month of Chelsea, one of European soccer’s blue ribbon teams, to an American-led consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.īoehly reportedly was among the investors with one of the five finalists who were invited to make bids for the Broncos by Monday’s deadline. Terms of the sale weren’t disclosed, but KUSA-TV in Denver reported it was for $4.65 billion. The Broncos announced late Tuesday night they had entered into a sale agreement with the Walton-Penner ownership group led by Rob Walton, his daughter, Carrie Walton Penner, and her husband, Greg Penner.

(AP) - The Waltons, heirs to the Walmart fortune and America’s richest family, have won the bidding to purchase the Denver Broncos in the most expensive deal for a sports franchise anywhere in the world.
