Denver Broncos: Walton Boehner Agrees to Record $4.65 Billion Selling Price

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The Denver Broncos have agreed to sell the franchise to current Walmart heir Rob Walton and his family for a record price.

In a statement, Broncos CEO and CEO Joe Ellis confirmed the sale agreement with Walton, 77, daughter Carrie Walton Benner, and son-in-law, Greg Benner.

“I’ve enjoyed getting to know Rob Walton, Carrie Walton Boehner and Greg Boehner through the process,” Ellis said on Tuesday. “Learning more about their background and vision for the Denver Broncos, I’m confident their leadership and support will help this team achieve great things on and off the field.”

Denver Broncos outfield linebacker Von Miller (58) faces Los Angeles Rams offensive guard Tremaine Anshroom (72) during the first half of an NFL preseason football game, Saturday. 28, 2021, in Denver.
(AP Photo/Jack Dempsey)

“I sincerely appreciate the collaboration of our football leadership, executive team, and staff at both UCHealth Training Center and Empower Field at Mile High over the past few months and years. We also want to acknowledge the work of Allen & Company and Proskauer Rose, which has guided us through this process at the time. appropriate and efficient manner.

Exact terms of the sale were not disclosed, but 9News Denver reported that Walton will pay $4.65 billion for the franchise. That’s more than double the last sale price of an NFL team, and it would set a new sale record for an American sports franchise.

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Ellis explained that the agreement still had to be approved, via NFL protocols, by a majority of the current owners.

“While this buy-sell agreement awaits approval by the NFL Finance Committee and the ownership of the league, today marks an important step on the way to an exciting new chapter in the history of the Broncos,” he said.

The deal must now be approved by 24 of the 32 existing owners.

Denver Broncos new quarterback Russell Wilson, center, flanked by coach Nathaniel Hackett, right, and general manager George Patton after a news conference Wednesday, March 16, 2022, at the team's headquarters in Englewood, Colo.

Denver Broncos new quarterback Russell Wilson, center, flanked by coach Nathaniel Hackett, right, and general manager George Patton after a news conference Wednesday, March 16, 2022, at the team’s headquarters in Englewood, Colo.
(AP Photo/David Zalubowski)

Walton and Beaner shared their own statement announcing their enthusiasm and thanking Ellis and Bronco.

The family said, “We are thrilled to have been chosen to move forward with the purchase of the Denver Broncos! Carrie, Greg and I were inspired by the opportunity to lead this wonderful organization in a vibrant community full of opportunity and passionate fans.”

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“Having lived and worked in Colorado, we have always admired the Broncos. Our enthusiasm only increased after we learned more about the team, the staff, and the Broncos Country over the past few months,” the statement added.

The statement said Melody Hobson, co-CEO of Ariel Investments, has also agreed to join the ownership group.

“Melody currently serves as Chairman of the Starbucks Board of Directors and is also the Director of JPMorgan Chase. We know she will bring strategic acumen and leadership perspective to our team,” the statement said.

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She added, “Thanks to Jo Ellis and the Broncos staff for the excellent manner in which they ran this sale. Additionally, we thank Hogan Lovells for their guidance and support in this effort.”

Peyton Manning speaks after being inducted into the Ring of Honor at the Denver Broncos prior to an NFL football game against the Washington FC, Sunday, Oct.  31, 2021, in Denver.

Peyton Manning speaks after being inducted into the Ring of Honor at the Denver Broncos prior to an NFL football game against the Washington FC, Sunday, Oct. 31, 2021, in Denver.
(AP Photo/Jack Dempsey)

And: “We look forward to earning the trust and support of the NFL as we take the next step in this process. When the necessary approval procedures are met, our family is thrilled to share more with Broncos fans, the organization and the community.”

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The team’s owners are expected to host a meeting next month to consider the sale, 9News Denver reported.

According to the report, Rob Walton’s net worth ranges between $60 billion and $70 billion.

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