Denver Broncos owners Greg Penner and Carrie Penner are expanding their sports portfolio in Colorado, becoming the largest minority partners of the Colorado Rockies, according to Ian Rapoport of NFL Network.
The investment is being executed through their Penner Sports Group entity. The move establishes the Penners as the most significant minority stakeholders in the Major League Baseball franchise. Despite the new acquisition, there will be no changes to the Penners’ current responsibilities, leadership roles, or daily operations with the Denver Broncos, per @RapSheet.
The Penners, who are part of the Walton-Penner ownership group that purchased the Broncos in 2022 for a record $4.65 billion, have quickly become central figures in the Denver sports landscape. This latest move signals a deepening commitment to the local market by aligning with the Rockies ownership, led by the Monfort family.
While the specific financial terms and the exact percentage of the stake have not been made public, the designation as the "largest minority partners" indicates a substantial investment in the MLB club. The Rockies have not yet released an official statement regarding the addition of the Penner Sports Group to their ownership structure.
This is a developing story. Check back for updates.
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