Boehly was also reportedly among the investors with one of the five finalists who were invited to bid for the Broncos before Monday’s deadline.
The agreement for the Walmart-Penner group to buy the franchise from the Pat Bowlen Trust must be approved by the NFL, but that is considered a formality.
“We are thrilled to have been selected to move forward with the purchase of the Denver Broncos! Carrie, Greg and I are inspired by the opportunity to run this great organization in a vibrant community full of opportunities and passionate fans,” said Rob Walton in a statement.
The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the team.
statement: pic.twitter.com/tMcfuAifeS
— Denver Broncos (@Broncos)
June 8, 2022
Pat Bowlen, the team’s former owner, passed away in 2019, and his son the Bowlen Trust led the franchise. In February he announced that he would put it up for sale.
The agreement for the Walmart-Penner group to buy the franchise from the Pat Bowlen Trust must be approved by the NFL, but that is considered a formality.