Broncos winning bid: Walmart heir Rob Walton set to purchase Denver's NFL team for record-setting price

CBS Sports

06-08-2022

"I have enjoyed getting to know Rob Walton, Carrie Walton Penner and Greg Penner throughout this process," Ellis said in a statement on Tuesday night. "We are thrilled to be selected to move forward with the purchase of the Denver Broncos," Walton said in a statement. After the Broncos announced in February that the team was going to be sold, Walton almost immediately emerged as one of the front-runners to purchase the franchise. Walton, who is the son of Walmart founder Sam Walton, has an estimated net worth of $65 billion. As for Walton, although he'll be the first Walmart heir to own a team, he won't be the first with ties to NFL ownership.

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FOX SPORTS - Devils, Sixers owner Josh Harris was set to break the bank for Broncos but has even bigger deal planned, report says
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ESPN reports the group is buying the Broncos for $4.65 billion, a record price paid for a North American sports franchise. But New Jersey Devils and Philadelphia 76ers co-owner Josh Harris would’ve gone higher. Much higher, according to Pro Football Talk, which reported Harris was willing to “pay $5 billion for the team, if they knew that $5 billion would get the deal done. So why didn’t Harris go to $5 billion and force Walton-Penner to go higher? At the time of the deal in 2020, Bloomberg reported Harris and business partner David Blitzer “acquired a stake of less than 5% in the Pittsburgh Steelers.

DEADSPIN - It looks like the NFL is getting a new owner — Rob Walton, another white guy
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According to multiple reports, Rob Walton — the son of Walmart founder Sam Walton, and estimated to be worth around $59.2 billion — is all set to drop $4.5 billion on the Denver Broncos. The Arkansas resident gives the NFL yet another absurdly old rich white dude from a red state. His net worth is estimated at $6.7 billion, which is higher than that of Colts’ owner Jim Irsay and Eagles’ owner Jeff Lurie. The heir to Walmart is about to become the newest owner in the NFL. And when you think about that and all it entails, it becomes pretty clear why the league has never had a Black owner.

AOL - Broncos announce sale to Walton-Penner group for a reported record $4.65 billion
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The Walmart family is officially taking over the Denver Broncos. The Broncos entered into a sale agreement with the Walton-Penner family ownership group, the franchise announced Tuesday night. 9News' Mike Klis reported that the deal was for $4.65 billion, a record for an American sports team. The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the team. Statements: pic.twitter.com/tMcfuAifeS — Denver Broncos (@Broncos) June 8, 2022“I have enjoyed getting to know Rob Walton, Carrie Walton Penner and Greg Penner throughout this process,” Broncos president and CEO Joe Ellis said in a statement, in part.

NBA - Legends profile: Bill Walton
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> Archive 75: Bill Walton | 75 Stories: Bill WaltonThough remembered by many for a career plagued by injuries and a personal life spiced by controversy, Bill Walton won high praise from players and coaches alike during his checkered career. Before playing a single minute in the NBA, Walton knew the pains on injuries. During his first two years in Portland, Walton had sprained an ankle, broken his left wrist twice and dislocated two toes and two fingers. I’d never had a player say anything like that to me before.” But he had never coached Bill Walton. Walton played in 55 games in 1983-84 and 67 in 1984-85, while the Clippers won 30 and 31 games, respectively.