Get all your news in one place.
100’s of premium titles.
One app.
Start reading
USA Today Sports Media Group
USA Today Sports Media Group
Sport
Jon Heath

NFL owners approve new Broncos ownership group

It’s finally official.

NFL owners met on Thursday to vote on the Denver Broncos’ new ownership group and — as expected — the group has been approved, unanimously.

Buy Broncos Tickets

Rob Walton is the group’s leader and he will become the team’s new controlling owner. With an estimated net worth of about $60 billion, Walton instantly becomes the wealthiest owner in the NFL.

Walton will be the majority owner but his son-in-law, Greg Penner, and Walton’s daughter, Carrie Walton-Penner, are expected to handle most of the team’s day-to-day ownership duties.

In addition to the Walton-Penner family, the group has also added three minority owners so far: businesswoman Mellody Hobson, former Secretary of State Condoleezza Rice and Formula One driver Lewis Hamilton. Peyton Manning is also believed to be a candidate to join the team as an advisor.

The first order of business for the new ownership group will likely be giving quarterback Russell Wilson a contract extension. Walton might also consider the possibility of a new stadium, and starting next year, the team might also consider updating their uniforms.

Follow the Broncos Wire Podcast:
Apple Podcasts   Spotify   Google Podcasts

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.