NFL franchise Denver Broncos and their fans are about to be breathing and living much better after entering a sale agreement on Tuesday. The franchise is going to be under the control of the Walton-Penner family ownership group. It shatters the record price paid for a North American sports franchise since the Carolina Panthers in 2018.

According to ESPN’s Adam Schefter, the agreement was for $4.65 billion between the new owners and the franchise. He adds that it is nearly double the price David Tepper paid for buying the Panthers franchise in 2018 for $2.3 billion.

It is an agreement that will face review by the NFL’s finance committee. The agreement will then look for approval through a full vote of the current NFL owners. Nearly 24 ‘yes’ votes from the owners are mandatory for the successful completion of the process.

The Walton-Penner group even put out a statement sharing their delight as they near gaining ownership. Walmart heir Rob Walton states, “We are thrilled to be moving forward with the purchase of the Denver Broncos…Having lived and worked in Colorado, we’ve always admired the Broncos. Our enthusiasm has only grown as we’ve learned more about the team, staff, and Broncos Country over the past few months.”

Will the new Denver Broncos owners lead them to Super Bowl glory soon?

The 77-year-old former Walmart chairman will have his family members including his daughter, Carrie Walton Penner; and her husband, Greg Penner. The group will be welcoming Mellody Hobson, co-CEO of Ariel Investments and chair of the board of the Starbucks Corp., and a director at JP Morgan Chase. Even Broncos CEO Joe Ellis describes the agreement as a significant step towards a new chapter for the historic franchise.

Walmart Heir, Philadelphia 76ers Owner and Magic Johnson to Face Bidding War Over Denver Broncos After $16 Billion Consortium Joins Race

Among the NFL’s most successful franchises in the Super Bowl era, they have 3 Super Bowl wins under former owner Pat Bowlen. According to Forbes, the potentially new Broncos owner Rob Walton has a net worth of $59 billion.

🏈 Exclusive Invite for NFL Community

Trending

Despite Trading Zach Wilson, Sean Payton Rumored to “Throw Away” Broncos’ 2024 to Secure Shedeur Sanders as Russell Wilson’s Replacement

April 23, 2024 05:14 AM EDT

“[Joe] Burrow Should Concentrate on Being Healthy”: NFL Analyst Warns Bengals QB Against Trash-Talking Patrick Mahomes & Chiefs

April 22, 2024 09:58 PM EDT

Robert Griffin III Warns Washington Commanders Against Jeopardizing Jayden Daniels as Dan Quinn Eyes “Elite Competitor”

April 23, 2024 05:49 AM EDT

“Caitlin Clark Should Be…”: Antonio Brown Makes a Shocking Confession After Continuously Insulting WNBA Sensation

April 22, 2024 09:11 PM EDT

Despite Congratulating Patrick Mahomes, Tyreek Hill Admits ‘Running Away’ to Escape Kansas City Chiefs Super Bowl Win

April 22, 2024 04:01 AM EDT

Get instantly notified of the hottest NFL stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

While Bowlen oversaw more Super Bowl appearances during his tenure than losing seasons, the new owners will face high expectations.

The 2022 NFL campaign will receive a warm welcome from the Broncos fans, who will be on cloud nine. The familiarity of the new owners with the city after living and working in Colorado could prove beneficial. With Walton-Penner in control, they can potentially take the franchise to new heights.

Watch This Story: Tom Brady, Aaron Rodgers Top NFL Jersey Sales In United Kingdom; Where Do Patrick Mahomes and Josh Allen Land?