The Walton family, the richest in the United States and where the heirs of Walmart’s fortune came from, won the bid to buy the Denver Broncos, in what would be the most expensive transaction in sports history, all sports combined.
The Broncos confirmed late Tuesday that they reached an interim agreement with the Walton-Penner group led by Rob Walton, his daughter, Carrie Walton Penner, and his wife Greg Penner.
The financial details of the sale were not disclosed. According to Denver station KUSA-TV, it will be 4.65 billion US dollars (5.83 billion $ CA).
This sale price exceeds the 3.1 billion established last month for Chelsea, one of the most prestigious soccer clubs in Europe. The London team was bought by an American consortium led by minority Los Angeles Dodgers owner Todd Boehly.
The latter was also among the investors of one of the five finalist groups for the Broncos purchase.
The interim agreement between the Broncos and the Walton-Penner Group to buy the organization from the Pat Bowlen Trust must be approved by the NFL, but it must be only a formality.
Walton, 77, was chairman of Walmart, the world’s largest retailer, between 1992 and 2015, when he retired. He is the eldest son of the company’s co-founders, Sam and Helen Walton, and the net worth of his assets is said to be at $ 60 billion.
The Canadian Press
Source: Radio-Canada
