Formula 1 News

Lewis Hamilton becomes part of Denver Broncos ownership group

Formula One star Lewis Hamilton has been announced as a part of the ownership group of National Football League team Denver Broncos. 

Last month, the Walton-Penner group agreed to buy the Denver Broncos from the Patrick D Bowlen Trust for a whopping £3.81 billion, making it the most expensive deal in the history of sports franchises in the world. The amount is significantly higher than the one involved in the recent purchase of Premier League club Chelsea by the Todd Boehly-led consortium, which was estimated around £2.5 billion.

The Broncos are one of the most successful NFL franchises with three Super Bowl wins. 

Rob Walton, the Walmart heir who is leading the ownership group, stated:

We’re delighted to welcome seven-time Formula One World Champion Sir Lewis Hamilton to our ownership group. He is a champion competitor who knows what it takes to lead a winning team and a fierce advocate for global equality, including in his own sport. 

With over 100 race wins, Lewis is considered the most successful F1 driver of all time. His resilient spirit and standard of excellence will be an asset to the ownership group and the Broncos organisation.

Hamilton himself put out a statement on Twitter, confirming the same.

The ownership group also consists of Walton’s daughter Carrie Walton Penner and her husband Greg Penner, both of whom are reported to take up important positions and be involved in day-to-day operations. Walton, who was the Walmart chairman from 1992 to 2015, has an estimated net worth of £49 billion. Reports suggest that the National Football League will be approving the Walton-Penner group’s purchase agreement in the upcoming week during a league meeting in Minneapolis. The league’s finance committee has already unanimously agreed for the sale to be approved. 

Along with Hamilton, former United States Secretary of State Condoleezza Rice is also a member of the ownership group, having joined as an investor last month. 

Aditya Chaudhuri

Hailing from the City of Joy, the things that bring me joy are cricket, a good non-tilt CS:GO session, F1 and movies.

Recent Posts

Sydney Thunder joins forces with Penrith Panthers

New fan engaging partnership announced Australian rugby team Penrith Panthers has announced a new partnership…

2 hours ago

CSK gets new Principal Sponsor in FedEx

Multi-year deal signed Indian Premier League (IPL) heavyweights Chennai Super Kings (CSK) have signed a…

2 hours ago

Sydney Thunder extends Homestar Finance partnership

3-year extension announced Big Bash League (BBL) team Sydney Thunder has announced a three-year partnership…

2 hours ago

Adelaide Strikers signs new deal with WeTrend

WeTrend joins as Major Partner Big Bash League (BBL) club Adelaide Strikers and the  South…

2 hours ago

Premier League 2024/25: Gameweek 17 Recap

Gameweek 17 of the 2024/25 Premier League season continued to enthrall football fanatics with entertaining…

9 hours ago

F1 renews Crypto.com deal

Partnership extended to 2030 Formula One has announced a new partnership extension with Crypto.com, with…

10 hours ago