ENGLEWOOD, Colo. -- The record-setting $4.65 billion sale of the Denver Broncos to a group led by Walmart heir Rob Walton cleared one of its final hurdles Wednesday.
The league's finance committee reviewed the sale agreement and unanimously recommended the Walton-Penner group -- which also includes Walton's daughter, Carrie Walton Penner, and her husband, Greg Penner -- be formally approved by the league owners when they meet in Minneapolis on Aug. 9. It will require at least 24 "yes'' votes for approval.
"The Finance Committee met today to review details of the proposed Denver transaction,'' NFL vice president of communications Brian McCarthy said in a statement.