Story perspectives

Broncos Owners Acquire 40% Stake in Rockies

4/10/2026

Summary

Story summary

Greg Walton Penner and Carrie Walton Penner, owners of the Denver Broncos, have acquired a 40% minority stake in the Colorado Rockies, making them the largest minority owners of the MLB team.
Major League Baseball approved the investment.
The investment aims to retire outstanding debt and strengthen the Rockies’ financial position amid challenges in the league.
Dick Monfort remains the majority owner and CEO, while Walker Monfort will manage day-to-day operations.

History

Historical Context

Major League Baseball (MLB) expanded in 1993, adding the Colorado Rockies and Florida Marlins to enhance its presence. In 1998, MLB introduced a revenue-sharing system to support struggling franchises, distributing around $30 million annually. The recent acquisition of the Rockies by Greg Walton Penner and Carrie Walton Penner reflects ongoing efforts to improve financial stability and team performance amid evolving league challenges.

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Story summary

Greg Walton Penner and Carrie Walton Penner, owners of the Denver Broncos, have acquired a 40% minority stake in the Colorado Rockies, making them the largest minority owners of the MLB team.
Major League Baseball approved the investment.
The investment aims to retire outstanding debt and strengthen the Rockies’ financial position amid challenges in the league.
Dick Monfort remains the majority owner and CEO, while Walker Monfort will manage day-to-day operations.

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