Thread: Broncos and Walton-Penner family enter into a purchase and sale agreement

I thought Kaiser and his 1st right of refusal threw a wrench in that deal?

I have not heard that. In any case, that can't feel great. Especially since after that, Elway lost a big chunk of money in a ponzi scheme.

I remember reading about it at the time, but can't find anything on it now. I think it was threatened, but since Elway declined, it wasn't an issue.

I've wondered if that played a part in Elway's decision.

Originally Posted by BroncoJoe

I remember reading about it at the time, but can't find anything on it now. I think it was threatened, but since Elway declined, it wasn't an issue.

I've wondered if that played a part in Elway's decision.

If that's the case, the Kaiser family probably hasn't gotten a Christmas card from Elway in a while.

Originally Posted by chanesaw

I wonder if Mellody has every been interested in being part of an NFL ownership group, or if they just begged her until she agreed so that the NFL could say they have a minority female owner now? She has an impressive resume, but the Walton family could afford buy the entire NFL if they wanted. They certainly didn't need an outside investor that is only worth $10 million herself. Her husband George Lucas is worth about $10 billion, so they probably used his money, but not his name.

I don't really care. From everything I've seen and read she is an incredibly accomplished woman with an outstanding resume filled with success. I'm proud that she's part of the Broncos organization.

Originally Posted by chazoe60

I don't really care. From everything I've seen and read she is an incredibly accomplished woman with an outstanding resume filled with success. I'm proud that she's part of the Broncos organization.

Who was that poster that got pissed when we hired a female assistant coach? Was it Shazam? He must be fuming that a woman will be part of the group running things.

I'm looking forward to being able to buy cheap Chinese-made Broncos gear at low prices.

Mike Klis
@mikeklis
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5h
To be clear, source says Rob Walton not only had highest bid, he had the greatest “assurity of closing” among Final 4 bidders. Other three groups had multiple investors and a little more financing in getting to $4.5B+range. Walton went $4.65B and had greater liquidity. #9sports

Mike Klis
@mikeklis
·
5h
New Broncos owner Rob Walton may be rich but GM, coach, QB, roster matter more than money in NFL https://9news.com/article/sports/nfl...5-155568f05336
via @9NEWS
#9sports

Mike Klis
@mikeklis
·
10h
Ishbia II: "how they go about their business. I worked hard on this and was excited to be a part of it but Rob Walton and his family will do an outstanding job and I wish nothing but the best for them and the Denver Broncos.” #9sports

Mike Klis
@mikeklis
·
10h
Mat Ishbia, who was one of the 4 bidders attempting to buy the Broncos: “It was an honor to be part of the process. The Broncos are a first-class organization from all the leaders of the organization I met to the people who ran the sale process to (more) #9sports

Yesssssssssss we have an owner!!!!! And the richest owner by far amongst everyone in the league! Time to make some upgrades to the stadium so we can host superbowls and drafts and etc!

Walton Family Purchase Of Denver Broncos Could Mean Big Potential For Team & Fans

https://denver.cbslocal.com/2022/06/...s-deal-denver/

Originally Posted by BroncoJoe

I thought Kaiser and his 1st right of refusal threw a wrench in that deal?

That was thrown out be a court some time ago.

Originally Posted by Gyldenlove

That was thrown out be a court some time ago.

Yes but at the time that Elway was offered a portion of the team it was still in play because Kaiser was still alive and would have won that court battle. In the end Elway wouldn't have been allowed to acquire that portion of the team.

Originally Posted by chazoe60

Yes but at the time that Elway was offered a portion of the team it was still in play because Kaiser was still alive and would have won that court battle. In the end Elway wouldn't have been allowed to acquire that portion of the team.

That's my understanding and what I think about every time one of these articles say, "Elway passed on what would be with 100's of millions...." (now a billionish)

Originally Posted by Jeudy10Hamler1

Yesssssssssss we have an owner!!!!! And the richest owner by far amongst everyone in the league! Time to make some upgrades to the stadium so we can host superbowls and drafts and etc!

Denver won't host a Super Bowl unless they change to an indoor venue. Hard to say if this is something that will be in the cards.

Originally Posted by UnderArmour

Denver won't host a Super Bowl unless they change to an indoor venue. Hard to say if this is something that will be in the cards.

Seems more and more stadiums are utilizing the open/close type of formats. Whether or not Denver goes that route will be interesting.