Greg and Carrie Penner will be in charge of the Broncos

Greg and Carrie Penner are expected to take care of the day-to-day operations of Walton.

DENVER – Sunday evening, May 8 – Mother’s Day as usual – Joe Ellis sat down to dinner with a group of two people who are expected to buy Denver Broncos.

The meal was at Le Bilboquet, a French restaurant in Cherry Creek that serves Foie Gras and steak tartare. And French fried, of course. Peyton Manning held his retirement party at the venue in 2016.

Accompanied by Ellis, Broncos CEO, president and supervisor, the first spring evening (72 degrees was high that day) was Steve Greenberg, the financial adviser Pat Bowlen estate trustees (another Ellis position) was hired. to coordinate team marketing, with Greg and Carrie Walton Penner, who were leading the Walton family to buy NFL license.

S. Robson Walton, a wealthy man, was flying the next morning, Monday, May 9, to visit his family at the Broncos Stadium in Denver and the team headquarters at Englewood, just across from Centennial Airport. where he parked his private jet. And by saying “stopped” we mean Rob Walton stopped the plane. He drives his own transport.

The plan was a foregleam of how it would work for the Broncos with Walton and Penners taking over after 6 weeks to 60 days, depending on the time the NFL owners give their expected votes. Greg and Carrie Penner, Rob’s daughter-in-law and daughter-in-law, will run the Broncos’ day-to-day business. Rob Walton, who will turn 78 in October, will fly his plane regularly, going to the games, regularly communicating with head coach George Paton, head coach Nathaniel Hackett and his favorite Penners. But he keeps his first home in Arizona.

It’s Walton country and the whole Broncos country now lives in it.

FACTS: Walmart successor Rob Walton agrees to buy Denver Broncos on record $ 4.65 Billion

The Flying Waltons

Sam Walton, founder of Walmart, wrote his autobiography, “Made in America” ​​when he was in a cancer-fighting competition that killed his life in April 1992. In his autobiography, Sam talked about how he did not buy his first plane. 1954, but received his pilot license, for reasons other than saving time. Sam, who loved to work, often flew to towns with a number of similar stores. She would fly to see it and bring ideas to her store.

He was not rich in 1954, although his Ben Franklin dime store was doing well. And Sam Walton was ahead of his time. As of last year, there were 22,000 private jets operating worldwide, including those owned by John Elway and Russell Wilson.

But in 1954, many Americans dreaded running a business, especially if they flew on their own. Rob was one of Sam’s children who also learned to fly. Piloting, cycling, and hunting have been a major part of Rob’s life. When Rob replaced his father as chairman of Walmart in 1992, he went to work in his small, windowless office in Bentonville, Ark. about 10 years, but then he spent ten years and lived elsewhere – including Colorado – and went to his office by private jet four or five times a month.

“Rob is a good pilot,” former Walmart CEO Lee Scott said in a Rob Walton biography by Andy Serwer for Fortune. “He follows all the rules.”

It is a system that could serve Rob Walton and the new owner of the Broncos. He may not always be present, but it would be wrong to call him absent. The flight to the Centennial airport is only a few minutes longer than the one that, say, stops at the Broncos Team Store before heading off the runway.

“Rob has no interest in negotiating whether Clorox should be on the third floor,” Scott said. “But with a real estate agent and law and that kind of area, his knowledge and skill of drilling down is amazing. He also has a memory for photography. in the middle and why Kmart has a slightly better place. “

For all his wealth, Rob Walton does not put air in. In a series of speeches at the Broncos headquarters in early May, Walton sat up and shook hands. Every time someone called him, Mr. Walton, would say, “Call me Rob.”

Robson may sound like an outsider but it was his mother’s nickname. Helen Walton’s father was Leland Stanford Robson, a successful banker and a private herdsman.

NOTE: Will the new Denver Broncos owners look for a new stadium?

The bridegroom

With the Broncos, the Penners would not care if armor manager Chris Valenti puts extra paper on the second or third shoulder. But if other players complain about pads, the Penners will hear about this before Walton does.

The Penners, as we know them now, are citizens of Colorado. They have two buildings in the state, including one that they can drive to their new offices at 13665 E. Broncos Parkway (as Uber knows. The mailing address is number 13655). Greg and Carrie met as alumni at Georgetown University from 1988-92. Both found their masters at Stanford.

Greg Penner, 52, grew up in Los Angeles and later founded Madrone Capital Partners, a financial management company. Somewhere along the way, her mother-in-law trusted her and trusted her. For in 2015, when Rob Walton resigned after 23 years as chairman of Walmart, it was his son-in-law Greg who succeeded him. There have been only three chairs in Walmart history, which opened its first store in 1962 and became known in 1970 – Sam Walton, Rob Walton and Greg Penner.

After a five-year decline from 2010-14 where sales growth was zero, Walmart has been growing year on year since 2015, up sharply by 8.7 percent last year.

Carrie Walton Penner, 51, has been the leader of a charter schools group. Through the Walton Family Foundation, Walton has donated hundreds of millions of dollars to help establish more than 1,600 schools.

The Penners placed all four of their children through private schools.

“That’s what we want for all parents,” Walton-Penner told Forbes.

As part of their sales deal to buy Broncos, Walton-Penner mentioned only four names: Rob Walton, Greg and Carrie Penner, and Mellody Hobson, 53, chairman of Starbucks and president and Co-CEO of Ariel Investments.

All four will have offices at the UCHealth Training Center.

NOTE: New Broncos owner Rob Walton may be rich but GM, coach, QB, list more things than money in the NFL

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