The Denver Broncos-owned trust has reached a sale agreement with the Walton-Penner Group, which notably owns supermarket chain Walmart, subject to Professional Football League (NFL) approval, the franchise said. The offer from Walmart heir Rob Walton, his daughter Carrie Penner and son-in-law Greg Penner, along with other investors, is worth $4.65 billion, according to multiple media outlets. If the buyout goes through, it will set a record for a sports team in North America.
The Pat Bowlen Trust’s sale of the three-time Super Bowl-winning team must be approved by the NFL’s Finance Committee and at least 24 of the 32 club owners. “Today marks an important milestone on the path to an exciting new chapter in Broncos history.Broncos president Joe Ellis said. Pat Bowlen, who bought the Broncos in 1984, died in 2019. Since then, a foundation bearing his name has owned the team.
“We’re thrilled to have been chosen for the Denver Broncos buyout.said Rob Walton in a statement. “We look forward to earning the trust and support of the NFL to take the next step in this process.The Broncos won their third Super Bowl in 2016 but have never made the playoffs since that win.