Broncos owners join Rockies ownership, MLB approves deal
PUBLISHED Apr 10, 2026, 2:12 PM ET
Read, Watch or Listen
Denver. The Colorado Rockies announced Friday that Greg and Carrie Penner of Penner Sports Group purchased a minority stake, becoming the largest minority partners after Major League Baseball approved the transaction; the Monfort family will remain majority owners with Walker Monfort continuing as club president and announced investment will clear debt. This week the franchise said the Penner Sports Group purchase will enable the club to retire all outstanding debt, fund stadium and team investments, and leave Dick and Charlie Monfort in leadership while Walker Monfort manages day-to-day operations; Forbes previously valued the team near 1.68 billion.
By Daniel Hayes | JQJO News
Timeline of Events
- Monfort family and Penner Sports Group agree terms for minority investment.
- The agreement is announced publicly by Rockies leadership on Friday.
- Major League Baseball formally approves the Penner minority investment.
- Penner group becomes the largest minority partner; Monforts remain majority owners.
- Organization states funds will retire all outstanding debt and support Coors Field investments.
News Intelligence
- This deal impacts the Rockies' financial stability. It clears the team's debt and funds stadium improvements. As a fan, you can expect a stronger team and a better Coors Field experience. Keep an eye on any changes in ticket prices or stadium facilities.
- Articles Published:
- 6
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 6
- Distribution:
- Left 0%, Center 100%, Right 0%
The Penner Sports Group and the Colorado Rockies organization benefited through an ownership investment that enables debt retirement and capital for stadium and team investments.
No parties were reported to have suffered as a result of the transaction in the provided articles.
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Center
Broncos owners join Rockies ownership, MLB approves deal
Owensboro Messenger-Inquirer The Journal KOAA https://www.kktv.com Owensboro Messenger-Inquirer The News-GazetteFrom Right
No right-leaning sources found for this story.
Comments