For the first time since 1984, the Denver Broncos will have a new owner. The Broncos announced that the team and the Walton-Penner family have entered into a purchase agreement to acquire the team.
Per Mike Klis of 9News Denver, the final sale price hit $4.65 billion even though the predicted sale price was around $4.5 billion. There were multiple groups bidding up until the end, but the Waltons had no problem putting up the extra money to show just how badly they wanted the Broncos.
The sale price was $4.65 billion, per industry source. That’s clearly a record for a pro sports team, more than DOUBLE the price of the last NFL team to sell, the Carolina Panthers in 2018 ($2.275B)
— Ben Fischer (@BenFischerSBJ) June 8, 2022
“We are thrilled to be selected to move forward with the purchase of the Denver Broncos!” Rob 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.”
Mellody Hobson, co-CEO of Ariel Investments and wife of George Lucas (creator of Star Wars), also joined the investment group for the Broncos.
“We are excited to announce that Mellody Hobson, Co-CEO of Ariel Investments, has agreed to join our ownership group. Beyond her role at Ariel, Mellody is an influential leader in corporate and civic organizations across the nation,” the statement from Walton included.
The purchase of the team is now pending votes from the NFL’s finance committee and league ownership. Once the sale is approved, it will mark the start of a new era in Broncos Country.
The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the team.
— Denver Broncos (@Broncos) June 8, 2022