Sources: Broncos ownership sees role for Peyton

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ENGLEWOOD, Colo. The Walton-Penner team that agreed to buy the Denver Broncos this week has contacted Hall of Fame quarterback Peyton Manning about a role in the organization that could eventually lead to a stake in the franchise, sources told ESPN’s Adam Schefter Thursday.

Sources told Schefter that the group contacted Manning about an advisory role with the team that could lead to him joining the ownership group.

Manning was contacted by several groups during the bidding process to acquire the Broncos, sources told ESPN.

The Pat Bowlen Trust, which has run the Broncos since Bowlen stepped down from day-to-day operations in 2014, announced Tuesday that it has entered into a sales deal with the Walton-Penner Group. Sources said the sale price was $ 4.65 billion, a record for a North American sports franchise.

Bowlen died in 2019, and the Pat Bowlen Trust put the team up for sale earlier this year after no agreement could be reached on which of Bowlen’s children should be the main owner.

The Walton-Penner Group is led by Walmart heiress Rob Walton and includes his daughter, Carrie Walton Penner; her husband, Greg Penner; and Mellody Hobson, co-CEO of Ariel Investments and chairman of the board of Starbucks Corp. and director of JP Morgan Chase.

Penners is expected to have prominent roles in the team’s day-to-day operations, and Broncos CEO Joe Ellis had expressed the importance of the new owner being visible since the team was formally put up for sale on February 1st. in the community and understand the Broncos’ place in Denver, the state of Colorado and the region.

Manning said in October that he had been contacted by several investors who had planned to bid for the Broncos, but that none of the discussions were “serious.”

“People are obviously interested. They’re curious,” Manning said at the time. “I do not care because I live here and I go to the fights and I want to know what is going to happen like everyone else. But I have no relationship or agreement with anyone.”

At the time, Manning added: “Even though I’m offered an opportunity, I have not decided if I would do it at all. I actually like what I’m doing now. I’m going to stay close to the game. “I just take everything one year at a time. Next year, who knows how I want it … But I always want to be a part of the Broncos, I want to say that.”

Manning played four seasons with the Broncos (2012-15) after signing on free agency. With them, he won 45 games in the regular season and four AFC West titles and went to two Super Bowls and won the Super Bowl 50 in his last NFL game. Manning was inducted into the Pro Football Hall of Fame class in 2021.

The Broncos have not reached the playoffs since the Super Bowl victory.

The sale of the team is subject to review by the NFL Finance Committee and must be approved by a full vote among NFL owners. It takes 24 yes votes for the sale to be approved.

It is expected to take 60 to 90 days for the sale to be approved and the deal closed. No problems are expected, a source told Schefter on Tuesday.

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