Broncos Owners Join Rockies as Minority Partners

The Penner Sports Group acquires approximately 40% stake in the Colorado baseball franchise.

Apr. 10, 2026 at 9:12pm

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A cubist, geometric illustration depicting a baseball game or match, with sharp, overlapping planes of navy blue, forest green, and burnt orange, conveying the fragmented, multi-angled perspective of the new Rockies ownership group.New minority owners bring fresh perspective and resources to the struggling Colorado Rockies franchise.Denver Today

The Colorado Rockies have announced a new minority investment deal with the Denver Broncos ownership group led by Greg Penner and Carrie Walton Penner. The Penner Sports Group is purchasing around a 40% share of the Rockies, making them the largest minority partner for the baseball franchise valued at $1.68 billion by Forbes. Current Rockies owners Dick and Charlie Monfort will continue in their leadership roles, with Walker Monfort serving as team president.

Why it matters

This deal brings in new ownership expertise and resources to the struggling Rockies, who have had three straight seasons with 100 or more losses. The Penner group's investment will help the Rockies retire outstanding debt and enhance the fan experience at Coors Field as they aim for long-term success.

The details

Under the agreement approved by Major League Baseball, the Penner Sports Group is acquiring approximately a 40% stake in the Rockies. Dick and Charlie Monfort will remain as chairman & CEO and owner/general partner, respectively, while Walker Monfort will serve as the team's president. The investment will allow the Rockies to pay off all outstanding debt and make improvements to Coors Field.

  • The deal was announced on April 10, 2026.
  • The Penner Sports Group purchased the Denver Broncos from the Pat Bowlen Trust in August 2022 for a then-record $4.65 billion.

The players

Greg Penner

Co-owner of the Denver Broncos and leader of the Penner Sports Group, which is acquiring a minority stake in the Colorado Rockies.

Carrie Walton Penner

Co-owner of the Denver Broncos and part of the Penner Sports Group's investment in the Colorado Rockies.

Dick Monfort

Chairman and CEO of the Colorado Rockies, who will continue in his leadership role after the new minority investment.

Charlie Monfort

Owner and general partner of the Colorado Rockies, who will also continue in his current position after the Penner Sports Group's investment.

Walker Monfort

The new president of the Colorado Rockies under the new ownership structure.

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What they’re saying

“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, Chairman and CEO, Colorado Rockies

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

— Greg and Carrie Penner

What’s next

The Penner Sports Group's minority investment in the Rockies has been approved by Major League Baseball, paving the way for the new ownership structure to be implemented.

The takeaway

This deal brings in experienced, deep-pocketed owners in the Penner group to help the struggling Rockies turn around their fortunes. The new investment will provide financial flexibility and resources to improve the team and fan experience at Coors Field as the Rockies aim to end their three-year streak of 100-plus losses.