More than six months after the Broncos were put up for sale, the team is expected to have new ownership in place on Tuesday afternoon.
A special league meeting will be held in Minneapolis, where Broncos president/CEO Joe Ellis will present the Walton-Penner ownership group to the other 31 NFL teams.
A “yes” vote by at least 24 teams will finalize the purchase of the Broncos for a world-record sports franchise price of $4.65 billion.
Once approved, the group led by Rob Walton, Greg Penner and Carrie Walton-Penner, and including limited partners Mellody Hobson, Condoleezza Rice and Lewis Hamilton, will be the Broncos’ first new owners in 38 years.