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Benzinga
Benzinga
Business
Shivani Kumaresan

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton Denver Broncos Walmart WMT Carrie Walton Penner Football Greg Penner Flickr NFL NYSE
  • Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos.
  • The deal was sealed for $4.65 billion, the Wall Street Journal reported.
  • The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust.
  • The report noted Walmart chairman Greg Penner and his wife Carrie Walton Penner, who is Rob's daughter, are also included in the buyer's list.
  • The agreement is subject to approval from the NFL's finance committee and league ownership.
  • Price Action: WMT shares closed lower by 1.29% at $123.26 on Tuesday.
  • Photo Via Flickr
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