The Walton Boehner family buys the Denver Broncos

Past and current Walmart presidents will run the Broncos as a family business.

Englewood, Colorado – IN Denver Broncos They entered into a sale agreement with Rob Walton, his daughter Carrie Walton Benner and son-in-law Greg Benner to make the Walmart family the next team heirs.

One source tells 9NEWS that the sale price went to the US sports franchise – $4.65 billion.

To win the Broncos bid, Walton Benner’s group beat three other groups led by Josh Harris, Jose E Feliciano and Matt Ishpea.

“I have enjoyed getting to know Rob Walton, Carrie Walton Benner and Greg Benner during the process,” Broncos CEO and President Joe Ellis said in a statement. “Learn more about their background and vision for the Denver Broncos, and I am confident that their leadership and support will help this team achieve great things on and off the field.

“I sincerely appreciate the collaboration of our football leadership, executive team, and staff at both UCHealth Training Center and Empower Field at Mile High over the past few months and years. We also want to acknowledge the work of Allen & Company and Proskauer Rose, who have guided us through this process at the time. appropriate and efficient manner.

“While this purchase and sale agreement awaits approval by the NFL Finance Committee and the ownership of the league, today marks an important step on the road to an exciting new chapter in the history of the Broncos.”

The sales agreement between Walton-Penner and the Broncos will now go to the NFL Finance Committee for expected review and approval. A special meeting of the owners is expected sometime next month. At this point, 24 of the 32 owners must give their consent to the Walton-Penner Group for owner control. One vote should come from Stan Kroenke, owner of the Los Angeles Rams, whose wife Ann is Rob Walton’s cousin.

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Also joining the group is Melody Hobson, who has an extensive corporate executive background.

In a joint statement, Rob Walton and Greg Benner said, “We are delighted to have been chosen to move forward with the purchase of the Denver Broncos! Greg, Carrie and I were inspired by the opportunity to lead this great organization in a vibrant community full of opportunity and passionate fans.”

“Having lived and worked in Colorado, we have always been fans of the Broncos. Our enthusiasm only increased after we learned more about the team, the staff, and the Broncos Country over the past few months.

“We are pleased to announce that Melody Hobson, Co-CEO of Ariel Investments, has agreed to join our proprietary group. Besides her role at Ariel, Melody is an influential leader in corporate and civic organizations across the country.

Melody is currently the Chairman of Starbucks Corporation and is also the Director of JPMorgan Chase. We know she will bring her strategic acumen and leadership perspective to our team.

“Thanks to Joe Ellis and the Broncos staff for the excellent manner in which they ran this sale. Additionally, we thank Hogan Lovells for their guidance and support in this effort.

“We look forward to earning the trust and support of the NFL as we take the next step in this process. When the necessary approval procedures are met, our family is excited to share more with Broncos fans, the organization and the community.”

Save money. Live a better life. This is the motto of the discount Walmart franchise that has made Walmart family members billionaires many times over. And if necessary, put up $4.65 billion to buy the Denver Broncos.

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Rob Walton is the eldest son of the late Sam Walton, who founded Walmart retail stores. Walmart’s slogan changed from “Always Low Price.” Always, “Save money. Live a better life” in 2007.

It looks like Rob Walton is ready to deviate from his old company mantra to spend big on the Bronco.

>> Video below: Klis & Tell: Broncos Announces Sale Agreement with Walton-Penner Group

When Sam Walton died of cancer in 1992, his eldest son Rob took over as Walmart’s president and remained in the top position until 2015, when his son-in-law Greg Benner became Walmart’s president. Benner has long been married to his college sweetheart Carrie Walton, Rob’s daughter.

Rob Walton, 77, is also the uncle of Anne Walton, who married Stan Kronk in 1974.

Kroenke currently owns the reigning Super Bowl Los Angeles Rams, and along with his son Josh Kroenke also owns NHL Colorado Avalanche, NBA Denver Nuggets and Ball Arena where the Avs and Nuggets play their home games.

Rob Walton played football at College of Wooster in Ohio before transferring to the University of Arkansas, where he graduated in 1966 with an accounting degree. He then attended Columbia Law School in New York and after receiving his Ph.D. in Jurisprudence began his career with a law firm in Tulsa, Oklahoma, his birthplace. When Rob was 26 years old, his father lured him back to his hometown of Bentonville, Arkansas, and a Walmart business family, where his legal expertise was often used to go public and in ever-increasing real estate deals.

There was a one-year sabbatical to train Ironman in 1985.

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Robson Walton owns listed property addresses in Scottsdale, Arizona, Bentonville, Arkansas, Aspen, Nederland and Boulder. The Penners had listed property titles in Snowmass Village and Aspen.

Many of Walton’s grandchildren live in Colorado and the Denver area. According to Walmart’s financial report as of October 31, there were 105 retail stores in Colorado — 70 super centers, 4 discount stores, 14 neighborhood markets and 17 poison clubs — with more than 31,000 workers. Including players and coaches, the Denver Broncos have about 375 employees.

Rob Walton’s net worth is listed in the $60 billion to $70 billion range, depending on the financial media outlet.

Walton Boehner Groups want to bring in former Broncos quarterback Peyton Manning as an investor or minority advisor, or possibly both.

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