A group led by Walmart heir Rob Walton has agreed to buy the Denver Broncos for $4.65 billion, pending NFL approval.
Walton will be the majority owner. His daughter, Carrie Walton Penner, and his son-in-law, Greg Penner, will become minority owners.
The Walton-Penner group announced Tuesday evening that Ariel Investments co-CEO Mellody Hobson will also be joining ownership.
Hobson is a 53-year-old businesswoman with an impressive resume.
“Beyond her role at Ariel, Mellody is an influential leader in corporate and civic organizations across the nation,” Rob Walton said in a press release.
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SOURCE: USA Today, Jon Heath
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