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Broncos deal reached; price $4.65B, per sources

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Broncos deal reached; price .65B, per sources


ENGLEWOOD, Colo. — The Denver Broncos have entered a sale settlement with the Walton-Penner household possession group, the perimeters introduced Tuesday night time.

The settlement is for $4.65 billion, sources advised ESPN, confirming a number of studies. That might be a report worth paid for a North American sports activities franchise.

The Walton-Penner group — headed by Walmart inheritor Rob Walton; his daughter, Carrie Walton Penner; and her husband, Greg Penner — can even embody Mellody Hobson, co-CEO of Ariel Investments in addition to chair of the board of the Starbucks Corp. and a director at JP Morgan Chase.

“Right this moment marks a big step on the trail to an thrilling new chapter in Broncos historical past,” Broncos CEO Joe Ellis stated in a press release.

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The sale settlement is now topic to overview by the NFL’s finance committee after which should be accepted by a full vote of NFL house owners. Twenty-four sure votes are wanted for the sale to be accepted.

It’s anticipated to take 60 to 90 days for the sale to be accepted and the deal to be closed; no points are anticipated, a supply advised ESPN’s Adam Schefter.

“We’re thrilled to be chosen to maneuver ahead with the acquisition of the Denver Broncos!” Walton stated in a press release. “Carrie, Greg and I are impressed by the chance to steward this nice group in a vibrant neighborhood stuffed with alternative and passionate followers. Having lived and labored in Colorado, we have at all times admired the Broncos. Our enthusiasm has solely grown as we have discovered extra concerning the staff, workers and Broncos Nation over the previous couple of months.”

The Walton-Penner group was, in line with a number of sources, one among 4 teams that had superior to the second spherical of bidding this week. These bids had been because of the trustees of the Pat Bowlen Belief by 5 p.m. ET Monday. Forbes has estimated Walton’s web price at $59 billion.

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The Broncos have been one of many NFL’s most profitable franchises within the Tremendous Bowl period, with three Tremendous Bowl wins in Pat Bowlen’s possession tenure, they usually now have an possession group with among the deepest pockets.

The Carolina Panthers had held the report for many paid for an NFL franchise when David Tepper bought the staff in 2018 for $2.3 billion. Essentially the most paid beforehand for a North American sports activities franchise was $2.475 billion in 2020 by Steven Cohen to buy the New York Mets.

A bunch led by Todd Boehly, who has pursuits within the Los Angeles Dodgers and Los Angeles Lakers amongst his huge portfolio, lately bought Chelsea within the English Premier League for greater than $5 billion.

Bowlen and his siblings initially paid $78 million in 1984 for controlling curiosity within the Broncos. Bowlen later additionally bought the shares held by his sister and two brothers. The staff had extra Tremendous Bowl appearances (seven) than shedding seasons in his tenure.

It’s anticipated Penner could have a outstanding function within the day-to-day operations of the staff, and Ellis had expressed the significance, for the reason that staff was formally put up on the market on Feb. 1, that the brand new proprietor be “seen” in the neighborhood and perceive the Broncos’ place in Denver, the state of Colorado and the area.

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The settlement ends an eight-year odyssey since Bowlen stepped away from the day-to-day operations of the staff he had owned for 30 years in July 2014 because of the onset of Alzheimer’s illness. Bowlen died in 2019.

Bowlen by no means formally declared a successor amongst his kids, and when he stepped away from the staff’s day-to-day operations, he had his curiosity within the staff (estimated to be about 78% on the time) positioned in a belief overseen by Ellis, Broncos counsel Wealthy Slivka and Denver legal professional Mary Kelly.

What adopted included a lawsuit between members of the family, harsh phrases and court docket dates that coincided with a present six-year streak of playoff misses on the sector. The staff’s Tremendous Bowl 50 win to shut out the 2015 season was the final postseason sport the Broncos performed.

The trustees and staff officers had met with all the potential bidders, who toured the staff’s services in addition to its house stadium in latest weeks.

Broncos coach Nathaniel Hackett stated Monday he had met “a stable quantity” of the potential bidders and added: “After speaking to everyone, I feel that all of them have an incredible ardour and need to be part of this league they usually need to be part of a staff. I feel that is one thing that is actually stunning. They need to come to win, they usually need to do one thing nice right here. Whoever it’s, I feel that we’ll be very grateful.”

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The sale settlement with the Walton-Penner group additionally means Walton and Stan Kroenke, Walton’s cousin by marriage, will personal 5 of the six main skilled sports activities franchises in Colorado. Kroenke owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Colorado Mammoth lacrosse staff, along with a regional media firm within the state.



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Denver, CO

Park Hill Golf Course in Denver set to become a public park this summer, community celebrates

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Park Hill Golf Course in Denver set to become a public park this summer, community celebrates


It’s official, Denver is getting it’s next major park. CBS News Colorado reported this would come to fruition ahead of the now official announcement on Wednesday.

park-hill-golf-course-becomes-denver-public-park.jpg

CBS


Over the past 7 years, the defunct Park Hill Golf Course has inspired turf wars between open space advocates and developers.

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Now, the 155-acre property is back in the hands of the city after Mayor Mike Johnston entered a land swap. The developer gets property to build out in Adams County, and the city gets to create a brand new regional park.

In a land swap deal with developers, the former Park Hill Golf course will become a city park, and residents who have been battling to make this a reality say it is a dream come true.

“I kind of can’t believe it,” said Amy Harris, a longtime advocate for the park and a member of Save Open Space Denver.

The park, which was once a golf course where even some of the best golfers like Tiger Woods had set foot in, will now be a space where residents can enjoy the open space.

For Denver resident Mike Fernandez, it will be a place where he will be able to continue to bird watch.

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“There were a few that I don’t see anywhere else, like songbirds,” Fernandez said.  “I was really trying to keep track of that to see the impact if there were development here they would be gone.”

Fernandez says he has tracked 18 different bird species near and around the golf course.

The property is returning to the people after years of advocacy by leaders such as former Mayor Wellington Webb, organizations such as Save Open Space Denver and a number of community members. 

“I mean, it’s the best-case scenario,” Harris said. “It’s what we’ve been asking for since the beginning.”

The city looks to work with the community to jot down their long-term vision for the space and design plans for the near future. 

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“I think the battle was really bringing folks to the table about the commitment to green spaces and understanding the impacts and the long-term to our climate to long term sustainability,” said Councilwoman Shontel Lewis of District 8. 

It was all possible through an acre-for acre land exchange agreement, where Denver will trade undeveloped, industrial property near the airport for the Park Hill property — which is currently owned by Westside Investment Partners.

“There was an internal transfer of about $12.7 million within the city from parks and rec. to the airport that comes from the Park’s Legacy Fund for the acquisition,” Mayor Johnston explained. “The trade is made between Denver and the current owner for this site without any cash payment.”

In 2023, voters rejected a plan to develop the property with housing. 

Johnston reassures Denverites the city will continue to work toward developing affordable housing nearby, while maintaining community jewels like this soon-to-be park.

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“We know there’s a housing shortage in Denver,” Johnston said. “We look to add more housing stock; we want to make sure that housing stock is affordable to people living in Denver right now.”

This historic deal in Denver now becomes the largest single city acquisition of private land for a public park.

“What we need to do today is celebrate that we maintain the Park Hill Golf Course in Denver for Denver,” Webb said. 

Johnston now looks to work with Adams County commissioners and Denver City Council to approve the land exchange and begin the process. City officials say the new park is expected to be open to the public by this summer.

“I cant wait for the time where we can all gather together in the park when it’s really park and get to celebrate together,” Harris said.

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Denver, CO

Sharon Magness Blake becomes 46th Citizen of the West

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Sharon Magness Blake becomes 46th Citizen of the West


Sharon Magness Blake, known throughout Colorado as one who “Gives so selflessly to those who need it most,” was honored as the 2025 Citizen of the West at a dinner Monday, that raised some $647,000 for the National Western Scholarship Trust.

An equine enthusiast — four of her Arabian horses have gained fame as Thunder, mascot of the Denver Broncos — entrepreneur and philanthropist, Magness Blake has spearheaded events that have raised over $100 million for dozens of organizations, including Volunteers of America, Denver Council of Boy Scouts of America, the Global Down Syndrome Foundation, the Denver Health Foundation, the National Repertory Orchestra and the University of Colorado Foundation.

She founded, with Jean Galloway, Western Fantasy that for 30 years was VOA Colorado’s signature fundraiser, raising $35 million for VOA’s mission of feeding the hungry, providing emergency shelter and offering human service programs designed to enrich the mind, body and heart. VOA’s former chief executive, Dianna Kunz, showed her appreciation for Magness Blake’s generosity by offering the invocation that preceded dinner.

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Western Fantasy always began with Magness Blake riding Thunder around the perimeter of the National Western Event Center as Lee Greenwood, either in person or via video, sang “God Bless the USA.”

So it was only natural that an adaptation of that tradition would be part of the Citizen of the West dinner, which also was held in the National Western Event Center.

Just six weeks into recovery from back surgery, Magness Blake gingerly mounted Thunder to make the red-carpet ride from the event center’s paddock area, site of the pre-dinner cocktail reception, to the stage-side table shared with her husband, retired attorney and former Breckenridge mayor Ernie Blake — and a host of friends.

As she rode in, a video played of Greenwood and members of the military singing “God Bless the USA.” Later, in a video salute to Magness Blake, Greenwood joined other close friends such as Garth Brooks and Michelle Sie Whitten in singing her praises.

“Sharon and Ernie are two of the best human beings on planet earth,” Brooks said. “She truly embodies the spirit of the West.”

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Magness Blake acknowledged her health in her acceptance remarks.

“In the last two years I’ve had some serious health issues, so I am very grateful just to be here,” she said. “I’m just a horse girl who grew up in the concrete streets of Philadelphia” who attended her first National Western Stock Show 38 years ago and instantly became enamored of all that it stands for.

Since then, she has become a trustee of the show and member of its $150 million Honoring the Legacy Capital Campaign committee.

“What a great and glorious evening it is to honor our friend Sharon Magness Blake,” said capital campaign chair Pete Coors, who also served as chairman of the Citizen of the West steering committee. “Where there’s thunder, there’s lightning and you are our lightning.”

The 1,000 guests included the governors of Colorado and Wyoming, Jared Polis and Mark Gordon; Denver Mayor Mike Johnston, who thanked the honoree for giving him “One of my childhood delights,” seeing Thunder gallop across the field at Mile High Stadium whenever the Broncos scored a touchdown; and Colorado Attorney General Phil Weiser.

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Also:

  • Paul Andrews, who is soon to retire following 15 years as the National Western’s president/CEO
  • Former Citizens of the West Dick and Eddie Robinson
  • Kelly Brough, president/CEO of the Fitzsimons Innovation Community
  • J.J. Ament, president/CEO of the Denver Metro Chamber of Commerce
  • Former Denver District Attorney Mitch Morrissey and wife, Maggie, who chaired the Citizen of the West Arrangements Committee in 2015 and 2016
  • 2025 Arrangements Committee Chair Jennifer Jones Paton
  • Miss Rodeo America Callie Mueller, Miss Rodeo Colorado Sierra Southerland and Miss Rodeo Wyoming Dusty Miller
  • Dr. Gregg LaBerge, director of the Denver Crime Lab
  • Political consultant Katie Behnke
  • Dr. Lorenzo Trujillo
  • Rico Munn, former superintendent of the Aurora Public Schools who is now vice president/Metro Denver Engagement and Strategy for Colorado State University
  • Attorney Holly Shilliday, managing partner of the Colorado office of McCarthy & Holthus
  • Robert and Judi Newman. He founded J.D. Edwards and now owns and manages a venture capital company, Greenwood Gulch Ventures. She served on the Citizen of the West Steering Committee
  • Brandis Becky, a 20-year Steering Committee member who purchased a table to honor the memory of her late mother, Anita Becky, who had been active in the National Western Stock Show since the early 1960s when she and her husband, the late Dr. Joseph Becky, started raising Angus cattle, buffaloes and quarter horses on their ranch in rural Colorado.

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Denver, CO

Murray leads Denver against Houston after 45-point outing

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Murray leads Denver against Houston after 45-point outing


Associated Press

Houston Rockets (26-12, second in the Western Conference) vs. Denver Nuggets (24-15, fourth in the Western Conference)

Denver; Wednesday, 9 p.m. EST

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BETMGM SPORTSBOOK LINE: Rockets -2.5; over/under is 232

BOTTOM LINE: Denver hosts the Houston Rockets after Jamal Murray scored 45 points in the Denver Nuggets’ 118-99 victory against the Dallas Mavericks.

The Nuggets are 16-10 in conference play. Denver is 6-4 in one-possession games.

The Rockets have gone 17-8 against Western Conference opponents. Houston leads the NBA with 48.6 rebounds per game led by Alperen Sengun averaging 10.4.

The Nuggets’ 11.8 made 3-pointers per game this season are only 0.6 fewer made shots on average than the 12.4 per game the Rockets allow. The Rockets average 113.3 points per game, 2.4 fewer than the 115.7 the Nuggets allow.

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TOP PERFORMERS: Michael Porter Jr. is shooting 51.9% and averaging 18.7 points for the Nuggets.

Sengun is scoring 19.3 points per game with 10.4 rebounds and 5.0 assists for the Rockets.

LAST 10 GAMES: Nuggets: 8-2, averaging 122.3 points, 47.7 rebounds, 31.2 assists, 8.8 steals and 5.4 blocks per game while shooting 50.1% from the field. Their opponents have averaged 111.2 points per game.

Rockets: 7-3, averaging 114.3 points, 46.7 rebounds, 20.9 assists, 9.0 steals and 4.6 blocks per game while shooting 45.5% from the field. Their opponents have averaged 109.7 points.

INJURIES: Nuggets: DaRon Holmes II: out for season (achilles), Vlatko Cancar: out (knee).

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Rockets: Jock Landale: out (personal), Tari Eason: day to day (injury management), Jabari Smith Jr.: out (hand).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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