Lewis Hamilton becomes an owner of the Denver Broncos in the NFL

Lewis Hamilton becomes shock new co-owner of the Denver Broncos as he joins Walton-Penner family in their $4.65bn takeover of three-time Super Bowl champions

  • Lewis Hamilton has become a co-owner of the NFL franchise the Denver Broncos
  • The Walton-Penner family are set to takeover three-time Super Bowl champions 
  • Broncos reached a $4.65billion agreement to sell the club to the Walmart heirs

Formula One star Lewis Hamilton has joined the Denver Broncos franchise as a co-owner.

The seven-time champion has become a part of the Walton-Penner family takeover of the three-time Super Bowl champions.

A statement by Rob Walton, on behalf of the Walton-Penner Family Ownership Group, Tuesday read: ‘We’re delighted to welcome seven-time Formula One world champion Sir Lewis Hamilton to our ownership group.

‘He is a champion competitor who knows what it takes to lead a winning team and a fierce advocate for global equality, including in his own sport.

‘With over 100 race wins, Lewis is considered the most successful driver of all time.

‘His resilient spirit and standard of excellence will be an asset to the ownership group and the Broncos organization.’

Formula One star Lewis Hamilton has joined the Denver Broncos franchise as an owner

The Broncos reached a $4.65billion agreement to sell the club to the Walmart heirs.

If the purchase is approved by the NFL, the deal would be the highest price ever for an American sports franchise.

NFL bosses will reportedly meet a week today to determine the bid but it is set to be passed. The purchase needs approval from the NFL’s finance committee and league ownership.

The Walton-Penner family, led by Walmart heir Rob Walton, will acquire the Broncos from the Pat Bowlen Trust, controlled by the surviving children of the late club owner. Both sides announced the deal in June without specifying a sales price, but Forbes, ESPN and other outlets are reporting that figure to be around $4.65bn.

Walton’s proposed ownership team also includes his daughter, Carrie, and her husband, Greg Penner.

Forbes valued the Broncos at $3.75bn in 2021, estimating it at No. 10 on the list of franchise valuation.

If the Walton sale goes through, Jim Walton would become the second NFL owner from the extended Walton family. Ann Walton Kroenke, who is Jim Walton’s cousin, is married to Stan Kroenke, owner of the Los Angeles Rams.

Read more at DailyMail.co.uk