All articles tagged with #penner sports group
Penner Sports Group, run by the Penner family that owns the Denver Broncos, purchased a 40% stake in the Colorado Rockies, becoming the largest minority owner while the Monforts retain majority control. The deal, reportedly around $672 million, will retire debt and fund investments, though it’s unclear whether payroll levels will rise; the Penners will not have daily Rockies duties and will stay focused on the Broncos.
Rockies owner Dick Monfort sells a 40% minority stake to the Penner Sports Group (Broncos co-owners Greg and Carrie Walton Penner) for about $672 million, providing debt relief and capital to pursue a long-term plan while Monfort retains leadership. The move aims to elevate the franchise from a longtime regional fixture to a more sustainable, championship-focused operation, with the Penners’ track record in Denver sports signaling stronger stewardship even as attendance dips and labor talks loom.
Broncos owners Greg and Carrie Penner are buying a 40% stake in the Colorado Rockies, becoming the team’s largest minority partner; MLB has approved the deal, the Monforts will remain in leadership, and the investment values the Rockies at about $1.68 billion, broadening the Penners’ footprint in Colorado sports.
The Penner Sports Group, the family entity of Broncos owners Carrie Walton Penner and Greg Penner, has become the Colorado Rockies' largest minority owner, with the Monforts continuing to run the team and Walker Monfort serving as president, as the Penners deepen their Denver sports footprint following their 2022 Broncos purchase.
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.