Denver Broncos Reach Agreement With Walton-Penner Family for Sale of Team

Denver Broncos Reach Agreement With Walton-Penner Family for Sale of Team
General view outside of the UCHealth Training Center before a Mini Camp drill for the Denver Broncos in Englewood, Colo., on April 25, 2022. Ron Chenoy/USA TODAY Sports via Reuters
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The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement for the takeover of the National Football League (NFL) team, both parties announced.

The Walton-Penner family, led by Walmart heir Rob Walton, will acquire the Broncos from the Pat Bowlen Trust in a deal reportedly worth $4.65 billion, a record for an American sports franchise.