Walton Penner Family acquires minority stake in Colorado Rockies

Penner Sports Group, the investment vehicle of Denver Broncos owners Greg Penner and Carrie Walton Penner, has acquired an approximately 40% minority stake in the Colorado Rockies, making it the largest minority partner in the MLB franchise. The deal, announced by Rockies chairman and CEO Dick Monfort and approved by Major League Baseball, allows the club to retire all outstanding debt and fund improvements to Coors Field. Dick and Charlie Monfort will retain their leadership roles, with Walker Monfort continuing as team president. Forbes has valued the Rockies at $1.68 billion. The Penners emphasized that their primary focus remains the Broncos, but expressed commitment to being long-term partners of the Rockies and Major League Baseball.

About the Penner Sports Group: The Greg and Carrie Walton Penner family office

Greg Penner and Carrie Walton Penner lead the Walton-Penner Family Ownership Group, which acquired the Denver Broncos from the Pat Bowlen Trust in August 2022 for a then-record $4.65 billion. Carrie Walton Penner is the granddaughter of Walmart founder Sam Walton, and the ownership group includes Walmart heir Rob Walton alongside limited partners Formula One driver Lewis Hamilton, investor Mellody Hobson, and former U.S. Secretary of State Condoleezza Rice. Greg Penner serves as chairman of Walmart. The Rockies investment marks the group’s expansion into Major League Baseball, reinforcing a broader sports ownership strategy anchored in the Denver metropolitan area.

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Article Source: NFL, 20.04.2026

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