Broncos owners buy Colorado Rockies ownership stake
The Denver Post • • sports
Key Points:
- The Penner Sports Group, led by Greg and Carrie Walton Penner and majority owners of the Denver Broncos, has acquired a 40% stake in the Colorado Rockies, becoming the largest minority partner in the MLB franchise.
- This investment allows the Rockies to retire all outstanding debt and provides additional capital, helping the team compete financially with larger-market baseball teams.
- Despite the new ownership stake, the Penner family will not be involved in the day-to-day operations of the Rockies, which will continue to be managed by chairman and CEO Dick Monfort, owner Charlie Monfort, and president Walker Monfort.
- The partnership reflects shared regional passion and a commitment to long-term success, with the Penners expressing enthusiasm for supporting the Rockies alongside their ongoing focus on the Broncos.
- The Rockies, valued at $1.68 billion by Forbes, have appreciated significantly since their inception, and this move marks a strategic step to strengthen the franchise's financial and competitive position.
