Denver Broncos choose Walton-Penner family in auction to sell team

This restriction is unlikely to limit Rob Walton, Greg Penner and their families. Walton, 77, is the oldest child of Walmart co-founder ...


This restriction is unlikely to limit Rob Walton, Greg Penner and their families. Walton, 77, is the oldest child of Walmart co-founder Helen and Sam Walton. Rob Walton was president of Walmart from 1992 to 2015. His cousin is Ann Walton, niece of Sam Walton and wife of E. Stanley Kroenke, owner of the NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche and Premier League’s Arsenal FC, among other teams.

Penner is married to Rob Walton’s daughter, Carrie, and has been president of Walmart since 2015.

Walton-Penner’s offer, if approved, would end nearly four decades of Bowlen family ownership. The Broncos joined the AFL in 1960 and were dismal on the field for their first decade and a half, although they were popular with fans in the Rocky Mountain states. But after Bowlen bought the club in 1984, the Broncos had 21 winning seasons, 13 division titles, nine conference championship berths and seven Super Bowl appearances.

His failing memory, Bowlen retired from team management in 2014, and left several administrators, including Ellis, to oversee the franchise. The administrators were tasked with deciding which of his children should become the majority owner – or whether the franchise should be sold, if they thought it was in the best interests of the family.

Beth Bowlen, Bowlen’s second daughter from his first marriage, worked at the club and was interested in becoming the main owner. But she left the team several years ago.

Brittany Bowlen, a daughter from Bowlen’s second marriage, was named as a potential replacement. The seven Bowlen children could not come to an agreement on who should take charge, so the team was put up for auction.

Now another family, this time with even richer pockets, is likely to take over.

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Newsrust - US Top News: Denver Broncos choose Walton-Penner family in auction to sell team
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