After a long legal battle over the transfer of ownership, the Denver Broncos have been sold to the Walton-Penner family, the franchise announced Tuesday.
Denver BroncosThe Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the team.<br><br>Statements: <a href="https://t.co/tMcfuAifeS">pic.twitter.com/tMcfuAifeS</a>
Mike Ozanian of Forbes reported Monday that the Walton-Penner family won with a bid of $4.5 billion.
A sale has been expected for some time, especially in the aftermath of a Jan. 11 ruling by Denver county district court judge Shelley I. Gilman that determined a right of first refusal agreement between previous owners Pat Bowlen and Edgar Kaiser was "no longer valid or enforceable in any respect.