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The team owners are expected to host a meeting next month to consider the sale, 9News Denver reported.Īccording to the report, Rob Walton's net worth ranges between $60 and $70 billion.Dictionary is a free offline English dictionary containing over 200,000 words and definitions and no ads. When the necessary approval procedures are met, our family is excited to share more with Broncos fans, the organization and the community.' In addition, we thank Hogan Lovells for their guidance and support in this effort,' it added.Īnd: 'We look forward to earning the confidence and support of the NFL as we take the next step in this process. 'Thank you to Joe Ellis and the staff of the Broncos for the first-class manner in which they have conducted this sale process. We know she will bring her strategic acumen and leadership perspective to our team,' the statement said.ĬLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

'Mellody currently serves as Chair of the Board of Starbucks Corporation and is also a director of JPMorgan Chase. The statement said Mellody Hobson, Co-CEO of Ariel Investments, has also agreed to join the ownership group. Our enthusiasm has only grown as we’ve learned more about the team, staff and Broncos Country over the last few months,' the statement added. 'Having lived and worked in Colorado, we’ve always admired the Broncos.

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'We are thrilled to be selected to move forward with the purchase of the Denver Broncos! Carrie, Greg and I are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans,' the family said.ĬOLORADO JUDGE DISMISSES CHARGES AGAINST DENVER BRONCOS WIDE RECEIVER JERRY JEUDY Walton and Penner shared their own statement announcing their excitement and thanking Ellis and the Broncos. The deal must now be approved by 24 of 32 current owners.

'While this purchase and sale agreement is pending approval from the NFL’s finance committee and league ownership, today marks a significant step on the path to an exciting new chapter in Broncos history,' he said. PEYTON MANNING HELPING RUSSELL WILSON ON TRANSITION TO DENVER BRONCOSĮllis clarified the agreement must still be approved, via NFL protocols, by a majority of current owners. That is more than double the most recent sale price for an NFL team, and it would establish a new record for the sale of an American sports franchise.

The exact terms of the sale were not disclosed, but 9News Denver reported that Walton will pay $4.65 billion for the franchise. We also want to recognize the work of Allen & Company and Proskauer Rose, which have guided us through this process in a timely and efficient manner,' he added. 'I sincerely appreciate the cooperation of our football leadership, executive team and staffs at both UCHealth Training Center and Empower Field at Mile High over the last few months and years.

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