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Broncos Owners Buy Stake in Rockies
11 Apr
Summary
- Broncos owners officially became minority owners of the Colorado Rockies.
- The deal was approved by Major League Baseball and is nearing 40%.
- The investment allows the Rockies to retire debt and improve fan experience.
Denver Broncos owners Greg and Carrie Walton Penner have officially acquired a minority stake in the Colorado Rockies baseball team. The significant investment, approved by Major League Baseball, positions the Penner Sports Group as key stakeholders in the franchise.
This financial infusion is expected to substantially benefit the Rockies. Notably, the team will be able to retire all of its outstanding debt. Furthermore, funds will be allocated to enhance the fan experience at Coors Field, the team's 31-year-old ballpark.
Dick and Charlie Monfort will continue to lead the Colorado Rockies in their executive roles, with Charlie Monfort as chairman and CEO, and Dick Monfort as owner/general partner. Walker Monfort will serve as the team president. The Rockies entered the current season with a 6-7 record after three consecutive 100-loss seasons.
