Big Law
Walmart Heir Rob Walton Will Purchase the Denver Broncos
The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement for the takeover of the National Football League (NFL) team, both parties announced.
The Walton-Penner family, led by Walmart heir Rob Walton, will acquire the Broncos from the Pat Bowlen Trust in a deal reportedly worth $4.65 billion, a record for an American sports franchise.
“We are thrilled to be selected to move forward with the purchase of the Denver Broncos!” Walton said in a statement late on Tuesday.
