Broncos ownership group joins Rockies as minority partners

DENVER -- Penner Sports Group, the family entity of Greg and Carrie Penner that owns the Denver Broncos, has made an investment that will make it the largest minority owner of the Rockies franchise.

The move, approved by Major League Baseball, was announced by Rockies owner, chairman and CEO Dick Monfort and owner/general partner Charlie Monfort on Friday morning.

The Monfort family remains the Rockies’ majority owner, with Dick and Charlie Monfort continuing in their capacities and club president Walker Monfort leading day-to-day operations.

“Speaking personally, on behalf of Charlie and our family, our other partners and the organization, we’re excited to welcome Greg and Carrie Penner into the Colorado Rockies ownership group,” Dick Montfort said in a statement. “I’ve had the pleasure to build a strong relationship with Greg and Carrie over the past few years. For many reasons, including their recent success with the Broncos, we know we are gaining much more than just financial support in this partnership with Penner Sports Group.

“Greg and Carrie have proven that they share the same passion for our region and a strong commitment to compete at the highest level. We are thrilled to add them to the Colorado Rockies’ ownership group as we best position this franchise for long-term sustained success.”

Dick Monfort is in his 29th year with the franchise. Charlie Monfort was one of the club’s founders and has been a managing general partner since 1992, the year before the franchise began play.

A syndicate consisting of Greg and Carrie Penner, Walmart heir Rob Walton (father of Carrie and father-in-law of Greg), former United States Secretary of State Condoleezza Rice, president and co-CEO of Ariel Investments Mellody Hobson and British Formula One racing star Sir Lewis Hamilton gained approval from the NFL to purchase the Broncos in August 2022.

“We are excited to expand our commitment to the Denver sports community through a minority partnership with the Colorado Rockies,” the Penners said in a statement. “This investment from Penner Sports Group reflects our deep appreciation for what the Rockies mean to this region, the passion of their fans and our confidence in the future of the franchise.

“Our family’s had such a positive experience with the Broncos, reinforcing our interest in partnering with another team in this dynamic sports market. We’ve enjoyed getting to know the Monforts and are grateful to join Dick and Charlie in the Rockies’ ownership group along with the other partners.

“While our focus remains firmly on the Broncos, we look forward to being supportive, long-term partners of the Rockies and Major League Baseball. Go Rockies!”