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Penner Sports Group Buys 40% Stake in Colorado Rockies

Published 4 days, 13 hours ago
Description

Penner Sports Group, led by Greg and Carrie Penner, acquires a 40% stake in the Colorado Rockies, becoming the majority minority owners. This move follows their $4.65 billion investment in the Denver Broncos in 2022. The Penners aim to support the Rockies long-term success, clearing debts, and upgrading Coors Field facilities. The Broncos, under the Penners guidance, have seen playoff runs, hiring of Sean Payton, and drafting of Bo Nix, setting up both teams for a winning streak.

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