Who Owns the Denver Broncos?

The future looks bright for the Denver Broncos, whose NFL futures odds reflect the team’s overall improvement. 

Ownership of the team changed hands in 2022, with the $4.65 billion purchase representing the largest amount paid for a North American sports franchise. 

So, who owns the team, and do the Broncos have any minority owners? 

Who Owns the Denver Broncos?

Greg Penner, controlling owner of the Walton-Penner Family Ownership Group, owns the Denver Broncos. 

The Walton-Penner Family Ownership Group purchased the Broncos in 2022 for $4.65 billion. Rob Walton led the purchase of the Broncos.

Does Walmart Own the Broncos?

No, Walmart does not own the Broncos. Walmart heir Rob Walton transferred his controlling stake to his son-in-law, Penner, in 2023. 

Does Condoleezza Rice Own Part of the Broncos?

Yes, Condoleezza Rice is a minority owner of the Broncos. She joined the Walton-Penner Family Ownership Group in 2022, just before the purchase of the team. She owns about 2% of the team. 

Is Peyton Manning a Part Owner of the Broncos?

Peyton Manning is not a part owner of the Broncos.

However, Manning is part of the ownership group for the Denver NWSL expansion franchise. 

What Percentage of the Broncos Does Rob Walton Own?

Walton initially owned a 34% share of the team, with Penner owning 30% and Carrie Walton owning 30%. Three other limited partners, Mellody Hobson, Lewis Hamilton, and Rice hold a total of 6%. 

Penner and Carrie received a portion of Rob’s ownership share when Penner became the majority owner of the team. However, the amount transferred from Rob to Penner and Carrie is not publicly known.