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The Denver Post
The Denver Post
Sport
Ryan O’Halloran

Broncos could officially be bought by Walton-Penner Ownership Group on Aug. 9

Broncos Finance Committee Carrie Walton Penner Condoleezza Rice Mellody Hobson Rob Walton Minneapolis

Pending approval by the NFL’s Finance Committee, the Walton-Penner Ownership Group’s will have their purchase of the Broncos finalized Aug. 9 in Minneapolis, according to a league source.

The Rob Walton-led group must first meet with the Finance Committee, which will approve of the $4.65 billion purchase and send it along to the entire ownership body. A “yes” vote of at least 75% is required (24 clubs). The Finance Committee is chaired by the Kansas City Chiefs’ Clark Hunt.

Once the team owners approve the purchase, the Broncos will be under new ownership for the first time since Pat Bowlen and his siblings bought a majority stake in the team in 1984.

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