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Broncos sale to Walton Group unanimously OK with NFL owners

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Associated Press

Associated Press

Dave Campbell

In this June 5, 2015 file photo, Rob Walton, the retired Chairman of the Board of Directors of Walmart Inc., attends the company shareholder meeting in Fayetteville, Ark.
This June 5, 2015 File photo, Rob Walton, former Chairman of the Board of Walmart, attends the company's shareholder meeting in Fayetteville, Arkansas. Photo by Danny Johnston /Associated Press

Bloomington, Minnesota — Walmart heir Rob Walton and the record-breaking $4.65 billion sale of the Denver Broncos to his daughter and son-in-law was unanimously approved by the NFL on Tuesday. Ownership is the expected final step in the transfer from the family of the late Pat Bowlen.

A vote was held at a league meeting held in a hotel in Minnesota, where Walton and his daughter Carrie, her Walton her Penner, her husband Greg Penner, and her husband Greg Penner. Introduced to the media by the NFL. Commissioner Roger Goodell. Walton, the eldest son of Walmart founder Sam Walton, is worth an estimated $60 billion, making him the richest owner in the league.

Walton's group paid a sports franchise the highest amount ever. His three limited his partners are F1 World Champion Lewis Hamilton, Starbucks Chairman of the Board Melody Hobson and former US Secretary of State Condoleezza Rice. All three investors are black, fulfilling his NFL goal of bringing more racial diversity to the owner group, front his office, and coaching his staff.

Pat Bowlen His trust ran the franchise after Bowlen retired from day-to-day operations in his 2014 due to Alzheimer's disease. He died in 2019, one month before he was inducted into the Pro Football Hall of Fame.

Bowlen wanted one of his own children to take over the team, and Brittany, now 32, was his successor chosen by the Board of Trustees. The club was put up for sale as not all of her siblings supported the choice. Brittany Bowlen has stepped down as the team's vice president of strategy after the Walton Penner Group was awarded the franchise in a bid.

His NFL clubs sold over the past decade are among others. He's the only one. That was the Carolina Panthers, from Jerry Richardson to David Tepper, his then-record $2.2 billion.

The Broncos are now the first team since the Miami Dolphins in 2008 to change primary owners, head coaches and starting quarterbacks in one offseason.

"I'm excited to come here and play football every day. In terms of ownership, I'm very excited to get to know them, meet them and move forward." There is a great history here and a lot can be learned from history - the good, the bad and all.Football games."

First under Walton Group watch. A key decision is the extension of new quarterback Russell Wilson, who was traded to the Seattle Seahawks in March. A nine-time Pro Bowl selection, his new contract is expected to range from $260 million and he's in the five-year range.

Another pressing issue: assessment of stadium conditions. Mile High's Empowered Field is only 21 years old, but it looks like newer venues like his SoFi Stadium in Los Angeles and Allegiant Stadium in Las Vegas, home to AFC West rivals Chargers and Raiders. It's no frills and lacks revenue-generating features.

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