With the purchase of the Denver Broncos by a group led by Walmart heir Rob Walton set for next Tuesday, the group has added another high-profile investor to its ranks.
Lewis Hamilton will become an ownership stake in the company. Condoleezza Rice became an investor last month.
Seven-time Formula One World Champion Sir Lewis Hamilton has joined the ownership group. He knows what it takes to win.
The Formula One record for race wins is held by Hamilton, who has 10. He finished second in the Hungarian Grand Prix, and is currently sixth in the driver's race.
The Broncos were purchased for $4.65 billion by a group led by Walton's daughter Carrie Walton Penner, her husband Greg Penner as well as co-CEO of Ariel Investments The owners of the team will vote on the sale at a meeting in Minneapolis on August 9th.
The sale was recommended by the finance committee. The sale will need 24 "yes" votes to be finalized.
The team was sold for a record price. Multiple sources say that the group that advanced to the second round of bidding for the team was the Walton-Penner group
The Broncos have been one of the most successful teams in the Super Bowl era, with three Super Bowl wins as well as more Super Bowl trips than losing seasons, and they now have an ownership group with the league's deepest pockets.
Current Broncos CEO Joe Ellis said that the new owner should be visible since the team was put up for sale.
The team's sale ended an eight-year odyssey since Bowlen stepped away from the day-to-day operations of the team he had owned for 30 years. Bowlen passed away in the year 2019.
When Bowlen stepped away from the team's day-to- day operations, he put his interest in the team in a trust overseen by Ellis, Broncos counsel Rich Slivka said.
A lawsuit between family members, harsh words and court dates coincide with a six-year streak of playoff misses. The last game the Broncos played was the Super Bowl 50 victory.
Five of the six major professional sports teams in Colorado will be owned by the same family. The Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Colorado Mammoth lacrosse teams are all owned by Stan Kroenke.
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