6/8/2022, 7:28 AM (Source: TeleTrader)
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Walmart heir buys Broncos for reported $4.65 billion

The Walton-Penner Family Ownership Group, led by Walmart Inc. heir Rob Walton, has reached a deal to buy the Denver Broncos from the Pat Bowlen Trust, the NFL franchise announced on Wednesday.

According to the United States media, the transaction is valued at $4.65 billion, which, if confirmed, would be the largest deal ever for a US sports franchise.

Rob Walton, Walmart's chairman from 1992 to 2015, is the eldest son of Sam Walton, the founder of the world's largest retailer.

Baha Breaking News (BBN) / MS