The Colorado Rockies are officially bringing in Denver Broncos owners Greg Penner and Carrie Walton Penner through a minority investment from the Penner Sports Group, according to @AdamSchefter of ESPN. The agreement marks a significant expansion for the Penners within the Colorado professional sports landscape.
The Penner Sports Group, led by the Denver Broncos' controlling owners, will now hold a stake in the Major League Baseball franchise. This move comes after the Penners acquired the Broncos for a then-record $4.65 billion in 2022. By joining the Rockies' ownership group, the Penners are further solidifying their presence in Denver sports, joining the Monfort family in the team's leadership structure.
While the specific financial details and the exact percentage of the minority stake have not been publicly disclosed, the involvement of the Penner Sports Group brings substantial financial backing and administrative experience from the NFL level to the Rockies. The Colorado Rockies have been under the primary control of the Monfort family since the early 1990s, and this investment represents a rare change in the team's ownership composition.
This is a developing story. Check back for updates.
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