Seven-Time Formula One Champion Lewis Hamilton Joins Denver Broncos Ownership Group

Lewis Hamilton, who will be driving for the F1 season title in Abu Dhabi this weekend, sold his Tribeca pad for nearly $50 million. (HOCH ZWEI/PICTURE-ALLIANCE/DPA/AP IMAGES)

With the final step of the purchase of the Denver Broncos by a group led by Walmart heir Rob Walton set for Aug. 9, the Walton-Penner group has added another high-profile investor to its ranks.

Walton announced Tuesday morning that seven-time Formula One champion Lewis Hamilton will now have an ownership stake. Hamilton joins former United States Secretary of State Condoleezza Rice, who joined the group as an investor last month.

“We’re delighted to welcome seven-time Formula One World Champion Sir Lewis Hamilton to our ownership group,” Rob Walton said in a statement. “He is a champion competitor who knows what it takes to lead a winning team.”

Hamilton expressed his excitement Tuesday on Twitter about joining the Broncos’ ownership group.

In addition to his record-tying seven titles (with Michael Schumacher), the 37-year-old Hamilton holds the Formula One record for race wins (103). He finished second in the Hungarian Grand Prix last week and is currently sixth in this year’s driver standings.

In June, a group led by Walton that includes Walton’s daughter, Carrie Walton Penner, her husband, Greg Penner, and co-CEO of Ariel Investments Mellody Hobson agreed to purchase the Broncos for $4.65 billion. The NFL has scheduled a vote for Aug. 9 among the team owners at a meeting in Minneapolis that would formally approve the sale to the Walton-Penner group — the last step in a monthslong process.

The league’s finance committee unanimously recommended last week for the sale to be approved. It will take 24 “yes” votes for the sale to be finalized.

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SOURCE: ESPN, Jeff Legwold

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