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Minority Partner

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Penner duo join Rockies as largest minority partners, expanding Denver sports footprint
sports1 day ago

Penner duo join Rockies as largest minority partners, expanding Denver sports footprint

Greg and Carrie Penner have become significant minority partners in the Colorado Rockies through Penner Sports Group, taking about 40% and becoming the franchise’s largest minority investors while the Monforts remain majority owners. MLB approved the deal, and the investment—described as several hundred million dollars based on the Rockies’ $1.68 billion valuation—will help retire debt and fund on-field and fan-experience improvements. The move follows the Penners’ success with the Broncos and expands their cross-sport influence in Denver, with no day-to-day roles at the Rockies for now.