After years of speculation following the death of long-time team owner Pat Bowlen in June 2019, the Denver Broncos have finally been sold — and for a record price. As first reported by 9NEWS Denver’s Mike Klis, the Walton-Penner ownership group paid a whopping $4.65 billion to acquire the organization.
Lee by Walmart heir Rob Walton as the controlling owner, the Broncos’ new ownership will also include his daughter and son-in-law, as well as one or two of his grandchildren. Additionally, Mellody Hobson, co-CEO of Ariel Investments (whose husband is Star Wars creator George Lucas), has also agreed to join the group.