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Denver Broncos Pick Walton-Penner Family in Auction to Sell Team

The Walton-Penner group was selected from among more than a dozen bidders for the N.F.L. team, which is expected to sell for $4.65 billion, a record price.

Rob Walton’s net worth is about $70 billion, according to Forbes, an amount that would make him the wealthiest N.F.L. team owner.Credit...Rick Wilking/Reuters

The Denver Broncos have reached a tentative agreement to sell the team to Rob Walton and members of the Walton and Penner families, all but ending an auction that is expected to fetch a record $4.65 billion, more than twice the price of the previous record for an N.