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Penners Invest in Rockies, Boosting Denver Sports Powerhouses
Published 1 month ago
Description
The Colorado Rockies secure a significant minority investment from Denver Broncos owners, the Penner Sports Group, led by Greg and Carrie Walton Penner. This deal gives the Penners a 40% stake, valuing the Rockies at $1.68 billion. The investment erases the teams debt and enhances fan experience at Coors Field. The Penners, who also own the Broncos, aim for shared success in both Denver sports powerhouses.
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