Renck: Rockies hit a home run for Colorado fans by bringing in Broncos owners
The Denver Post • • sports
Key Points:
- Rockies owner Dick Monfort has sold a 40% minority stake in the team to the Penner Sports Group, led by Broncos co-owners Greg Penner and Carrie Walton Penner, in a deal valued at approximately $672 million.
- The investment aims to reduce the Rockies' debt and provide financial stability as the team faces challenges, including a looming MLB labor stoppage and declining attendance.
- This partnership signals a shift from family-run ownership to a more modern, resource-backed approach intended to revitalize the franchise after seven consecutive losing seasons and limited playoff success.
- The Penners bring a strong track record of sports management and community investment through their ownership of the Denver Broncos, and they plan to support the Rockies without altering their roles with the Broncos.
- While a full sale is not currently planned, this partnership offers hope for the Rockies' future competitiveness and relevance in Colorado’s sports landscape.
