DENVER — Less than 48 hours after a second round of bids to buy the Broncos were filed, the team announced late Tuesday night that they have entered into a purchase and sale agreement with a group headed by billionaire Rob Walton and his son-in-law, Greg Penner.
A source said the sale price will be $4.65 billion, a record for an American sports franchise.
The Walton-Penner Family Ownership Group’s bid was chosen over those submitted by Josh Harris, Mat Ishbia and Jose Feliciano.
