Rob Walton, the heir of Walmart, successfully won the bid for the Denver Broncos and becomes the new owner for the storied franchise. Walton bought the Broncos for a record price of $4.65 billion. Walton's ownership group includes his daughter Carrie Walton Penner and her husband Greg Penner. This is a historic moment for the Broncos and one that fans saw coming when Pat Bowlen stepped away from the team in 2014 and eventually after he passed away. Once the Bowlen children couldn't come to an agreement on a controlling owner, the Broncos were going to be put up for sale. This ends that process that has played out over the past few years.
Walton is one of the richest people on the planet. He becomes the richest owner in the NFL. How that will affect the Broncos will be determined, but it certainly won't hurt to have an owner will deep financial pockets.
As much as it is an end of an era for the Broncos and the Pat Bowlen family, it finally brings some closure to the ownership situation and allows the Broncos to move forward. With the new owner, there might be a distinct possibility of a new stadium for the Broncos and other enhancements financially.
As for the on-the-field product, the Broncos are trending upward. George Paton has done a great job of reworking this franchise with draft picks, signings, and the trade for franchise QB Russell Wilson. New head coach, Nathaniel Hackett, has brought some energy and positivity to the locker room, and the team looks like it is ready to contend. As long as Walton and his group don't meddle or interfere, then the Broncos should be good to go. On the flip side, hopefully Walton and his group truly invest themselves into the experience of being a NFL owner and embrace the Broncos, Colorado, and the rapid fanbase.
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