The Denver Broncos announced Tuesday night that they have reached a deal to purchase the franchise from the Walton-Penner family. The Pat Bowlen Trust has agreed to sell the Broncos to the Walton-Penner family, pending clearance from the NFL’s finance committee and league ownership. The deal is also subject to “customary closing processes,” according to a joint statement from the Broncos and Walton-Penner.
According to NFL Network’s James Palmer, the Walton-Penner group’s winning bid was $4.65 billion. “We are ecstatic to have been chosen to proceed with the acquisition of the Denver Broncos!” Rob Walton, on behalf of the Walton-Penner family ownership group, issued a statement. “The chance to lead this outstanding company in a thriving town full of opportunities and enthusiastic fans inspires Carrie, Greg, and me.” The Walton-Penner family is from Colorado, and they have previously voiced their love for the Broncos. The deal will be completed once the NFL committee accepts it.