Broncos Owners Join Rockies as Minority Partners

Greg and Carrie Walton Penner's Penner Sports Group acquires 40% stake in Colorado Rockies

Apr. 12, 2026 at 1:28pm

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A cubist, geometric painting depicting a fragmented baseball stadium scene, with overlapping planes of color and shape representing the partnership between the Rockies and Broncos ownership groups.The Penner Group's acquisition of a significant stake in the Colorado Rockies signals a new era of cross-pollination between Denver's major sports franchises.Denver Today

In a major shift for Denver sports, the Colorado Rockies have welcomed Greg and Carrie Walton Penner's Penner Sports Group as minority partners, with the group acquiring approximately a 40% stake in the MLB franchise. The Penners, who own the Denver Broncos, aim to help retire the Rockies' outstanding debt and enhance the fan experience at Coors Field.

Why it matters

This partnership signals a significant change in the Rockies' ownership and direction, bringing in experienced sports investors with a proven track record of success with the Broncos. It suggests a renewed commitment to revitalizing the Rockies franchise and competing at the highest levels, potentially shifting the narrative around the team's financial constraints and lack of investment.

The details

The Penner Sports Group, led by Greg and Carrie Walton Penner, has acquired approximately a 40% stake in the Colorado Rockies, making them the largest minority partner. The group's stated goals are to help retire the Rockies' outstanding debt and enhance the fan experience at Coors Field. This partnership comes at a critical juncture for the Rockies, who have undergone front-office changes, bringing in Paul DePodesta and Josh Byrnes, and are looking to rebound after several challenging seasons.

  • The Penner Sports Group's acquisition of a 40% stake in the Colorado Rockies was announced on April 12, 2026.

The players

Greg and Carrie Walton Penner

The driving force behind the Denver Broncos ownership, the Penner Sports Group has now acquired a significant minority stake in the Colorado Rockies.

Paul DePodesta

The Rockies have brought in DePodesta as part of their front-office changes, as they look to rebound after several challenging seasons.

Josh Byrnes

The Rockies have also brought in Byrnes as part of their front-office changes, as they look to rebound after several challenging seasons.

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What’s next

The Penner Sports Group's acquisition of a 40% stake in the Colorado Rockies is expected to be finalized in the coming weeks, pending league approval.

The takeaway

The Rockies' partnership with the Penner Sports Group, the owners of the Denver Broncos, represents a bold move to revitalize the franchise and compete at the highest levels. The infusion of capital and operational expertise from the Penners could help the Rockies address their financial constraints and enhance the fan experience at Coors Field, potentially shifting the narrative around the team and positioning them for sustained success.