Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
ENGLEWOOD, Colo. — The Denver Broncos have finalized the transfer of controlling owner designation from Rob Walton to his son-in-law, team CEO Greg Penner. Penner has run the day-to-day operations of the team along with his wife, Carrie Walton Penner, since the family purchased the franchise last year. The Penners' four children will also receive an ownership stake. The Walton-Penner Group bought the Broncos in August 2022 for a then-record $4.65 billion. According to NFL ownership bylaws, each club must have a designated controlling owner with at least a 30% stake in the team.
