NFL approves sale of Denver Broncos to Walmart heir for world record $4.65 billion
CBSN
The record $4.65 billion sale of the Denver Broncos to Walmart heir Rob Walton and his daughter and son-in-law was unanimously approved Tuesday by NFL owners, the expected final step in the transfer from the family of the late Pat Bowlen.
The vote was taken at a league meeting at a hotel in Minnesota, where Walton, his daughter, Carrie Walton Penner, and her husband, Greg Penner, were introduced to the media by NFL Commissioner Roger Goodell. With an estimated worth of $60 billion, Walton — the eldest son of Walmart founder Sam Walton — becomes the wealthiest owner in the league.
Walton's group paid the highest price in history for a sports franchise anywhere in the world. His three limited partners are Formula One world champion Lewis Hamilton, Starbucks board chair Mellody Hobson and former U.S. Secretary of State Condoleezza Rice. All three investors are Black, satisfying an NFL goal to bring more racial diversity into ownership groups, front offices and coaching staffs.
