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The Walton-Penner family, led by Walmart heir Rob Walton, will
acquire the Broncos from the Pat Bowlen Trust in a deal
reportedly worth $4.65 billion, a record for an American sports
franchise.
"We are thrilled to be selected to move forward with the
purchase of the Denver Broncos!" Walton said in a statement late
on Tuesday.
"Carrie (Walton-Penner), Greg (Penner) and I are inspired by the
opportunity to steward this great organisation in a vibrant
community full of opportunity and passionate fans."
The purchase will need approval from the NFL's finance committee
and league ownership.
"Learning more about the (family's) background and vision for
the Denver Broncos, I am confident that their leadership and
support will help this team achieve great things on and off the
field," added Broncos CEO and president Joe Ellis.
"Today marks a significant step on the path to an exciting new
chapter in Broncos history."
Bowlen acquired the Broncos in 1984 and the franchise won three
Super Bowls during his reign. Bowlen's trust assumed the
ownership after he died in 2019.
(Reporting by Dhruv Munjal in Bengaluru; Editing by Christian
Radnedge)
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