Earlier this year, the Denver Broncos and the Walton-Penner family reached a buy-and-sell agreement to take over the National Football League team.
According to CNBC, the Walton-Penners, led by Walmart heir Rob Walton, made the acquisition of the Broncos from the Pat Bowlen Trust for $4.65 billion, a record for a US sports franchise.
“We are thrilled to be selected to move forward with the purchase of the Denver Broncos! Carrie, Greg, and I are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans,” said the Walton-Penner family Ownership group.
“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.”
Broncos’ CEO and president Joe Ellis added, “I have enjoyed getting to know Rob Walton, Carrie Walton Penner, and Greg Penner throughout this process. Learning more about their 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.”
“I sincerely appreciate the cooperation of our football leadership, executive team, and staff at both UC Health Training Center and Empower Field at Mile High over the last few months and years. We also want to recognize the work of Allen & Company and Proskauer Rose, which have guided us through this process in a timely and efficient manner.”
Byron Allen is ‘confident’ he’ll buy the next available NFL Franchise after losing out on the Broncos
American businessman and philanthropist Byron Allen was recently asked about losing out on the Broncos.
“I feel great. Yeah, buying an NFL football team is it’s a process. We had the pleasure of being a part of that process. We didn’t get this one, but I’m highly confident we’ll get the next one,” said Allen.
Allen was asked what team he goes after next, “An NFL team near you, so we’re not picky.”
He also told TMZ Sports, “If you lose to the richest family in the world, it’s not a bad day at the office. I lost to the richest family in the world; what is this world coming to? It’s all good. I don’t have any problems. Let me be clear: here’s the strategy richest family in the world, they’re now out of the way right now clear sailing [and] we’ll get the next one.
Former U.S. Secretary of State Condoleezza Rice joins Broncos ownership group
Rice is a former National Security Advisor at Stanford University, lived in Denver as a child, and earned a bachelor’s and doctorate from the University of Denver.
“It is an honor to be part of this ownership group. Football has been an integral part of my life since the moment it was introduced to me, and I am thrilled to be a part of the Broncos organization today,” Rice said in a statement. “I spent much of my younger years in Denver, so to be able to combine my love of the game with my love for this great city and team is an adventure of a lifetime and a great opportunity.”
The group led by Rob Walton, heir to Walmart, includes Walton’s daughter, Carrie Walton Penner, her husband, Greg Penner, and Mellody Hobson. Hobson, the Co-CEO of Ariel Investments and Chairman of the Board of Directors of Starbucks Corp, agreed to buy the Broncos for $4.65 billion.
“We’re pleased to welcome former Secretary of State Condoleezza Rice to our ownership group. A highly respected public servant and accomplished academic and corporate leader, Secretary Rice is well known as a passionate and knowledgeable football fan who has worked to make the sport stronger and better. She is the daughter of a football coach and served on the inaugural College Football Playoff Committee.”
For More Great Football Content
Follow us on Twitter at @GridironHeroics for more great content. We appreciate you taking the time to read our articles. To interact more with our community and keep up to date on the latest in Football news, JOIN OUR FREE FACEBOOK GROUP by CLICKING HERE.
For More Great Football Content
Follow us on Twitter at @GridironHeroics for more great content. We appreciate you taking time to read our articles. To interact more with our community and keep up to date on the latest in Football news, JOIN OUR FREE FACEBOOK GROUP by CLICKING HERE
