The purchasing group is led by Walmart heir Rob Walton, his daughter Carrie Walton Penner, and her husband Greg Penner, Walmart’s president.
“I really enjoyed getting to know Rob Walton, Carrie Walton Penner and Greg Penner throughout this process,” said Joe Ellis, Broncos President and CEO.
“Having learned more about his background and vision for the Denver Broncos, I am confident that his leadership and support will help this team achieve great things on and off the field.”
Rob Walton, on behalf of Purchasing Group, said: “Carrie, Greg and I are inspired by the opportunity to operate this great organization in a vibrant community filled with opportunity and enthusiastic fans.”
“Having lived and worked in Colorado, we have always admired the Broncos. Our enthusiasm has only grown as we have learned more about the team, the staff, and the Broncos country over the past few months.”
Walton said Melody Hobson, co-CEO of Ariel Investments, chairman of the board of Starbucks Corporation, and JPMorgan Chase director, are also part of the ownership group.
The Pat Bowlen Trust announced in February its intention to sell the Broncos the team they’ve owned since the death of former owner Pat Bowlen in 2019.
Bolen bought the Broncos in 1984, but relinquished control in 2014 after being diagnosed with Alzheimer’s disease. The Broncos won the Super Bowl three times during Boleyn’s ownership tenure.