NFL finance group supports Broncos sale to Walmart heir

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

NFL owners will decide on Aug. 9 whether to approve the proposed $4.65 billion sale of the Denver Broncos to the Waltons, heirs to the Walmart fortune and America's richest family.

The league's finance committee met Wednesday and unanimously recommended the transaction for approval.

Commissioner Roger Goodell has made minority ownership a point of emphasis in the league. The Walton-Penner group met those wishes by including Starbucks board chair Mellody Hobson and former U.S. Secretary of State Condoleezza Rice -- both Black women. Walton, 77, was chairman of Walmart from 1992-2015. He is the eldest son of founder Sam Walton and Helen Walton and has an estimated net worth of nearly $60 billion. He would become by far the richest owner in the NFL if the sale is approved as expected.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Great News and confident Sam Walton would be proud of his family investment! This Nova Scotian will still be cheering for the PATRIOTS ! But will know. When shopping they own the Bronco’s!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines