Greg Penner will run the Broncos soon, so what do we know about him?
Jun 8, 2022, 11:39 AM
When the Denver Broncos trust agreed to sell the team on Tuesday night, most headlines centered around S. Robson Walton, and rightfully so.
He is the man buying the majority of the Broncos, the one who released the statement with the team and the one with by far the highest net worth.
But he is also part of a group purchasing them that includes his son-in-law Greg Penner, daughter Carrie Walton Penner and business executive Mellody Hobson.
9NEWS and 104.3 The Fan Broncos insider Mike Klis reports Greg and his wife Carrie will be the “day-to-day” bosses for the Broncos, with Robson overseeing things. So, what do we know about the duo?
Greg and Carrie met while undergraduates at Georgetown University in the late 1980s and early 1990s. They then both went to Stanford University and earned Master’s degrees in 1997. Klis reports the couple calls Atherton, California home and they also have a house in Aspen. Wikipedia says they have four children.
Greg is currently the Chairman of the Walmart Board of Directors, a position he assumed in 2015, taking over for Robson. He’s only the third person to hold that title, succeeding Robson and Robson’s father, Sam Walton, the founder of Walmart.
Before that Greg founded Madrone Capital Partners, an investment firm based out of Menlo Park, California. He also worked for Goldman Sachs as a financial analyst. He was first elected to the Walmart board in 2008 after serving as the company’s vice president and CFO for the Japan branch of the company.
Greg was also on the board of directors for some other companies you might know, including Hyatt hotels, eHarmony and Teach for America.
Robson, Greg, Carrie and Mellody Hobson will all have big roles with the Broncos moving forward, but how that responsibility is divided will be fascinating to watch. The NFL owners still have to approve the sale, which should be a formality, but there likely won’t be a press conference until that happens.
That will be a good opportunity to find out who will do what for the Broncos, but for now, this is what we know. Ultimately, it looks like Greg and his wife Carrie will be running the team for a long, long time.
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