Denver Broncos Sold To Walmart Heir Rob Walton For $4.65 Billion

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It took a number of years and $4.65 billion, but the Denver Broncos have finally been sold. The new ownership group is led by Walmart’s heir Rob Walton, his daughter Carrie Walton Penner, her husband Greg Penner, and Mellody Hobson, co-CEO of Ariel Investments, Chair of Starbucks Corporation, and a director at J.P. Morgan. The price tag is a record price paid for any North American sports franchise. The sale is currently under review by the NFL’s finance committee and needs to be approved by a full vote of NFL owners. Twenty-four of the thirty-two owners are required to vote yes for the sale t…

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