Denver Broncos and Walton-Penner family enter into purchase and sale agreement
CNN
The Denver Broncos and the Walton-Penner family have entered into a purchase and sale agreement to acquire the NFL team, it was announced on Tuesday.
The agreement to purchase the Broncos from the Pat Bowlen Trust is subject to approval from the NFL's finance committee and league ownership, as well as "the satisfaction of customary closing procedures," according to a statement from the Broncos.
The purchasing group is headed by Walmart heir Rob Walton, his daughter Carrie Walton Penner, and her husband Greg Penner, the chairman of Walmart.
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