Trending Now - Broncos Owners Expand Their Portfolio With Rockies Stake

WHO:

MLB.com - Dick Monfort is in his 29th year with the Colorado Rockies franchise.

MLB.com - Charlie Monfort has been a managing general partner since 1992, the year before the franchise began play.

MLB.com - Penner Sports Group, owned by Greg and Carrie Penner, is the ownership group of the Denver Broncos.

MLB.com - Dick Monfort is the owner, chairman, and CEO of the Colorado Rockies.

MLB.com - Charlie Monfort is an owner and general partner of the Rockies.

MLB.com - Walker Monfort is the president of the Rockies.

Heavy NFL - The investment group includes Walmart heir Rob Walton, former U.S. Secretary of State Condoleezza Rice, Ariel Investments co-CEO Mellody Hobson, and Formula One racing star Sir Lewis Hamilton.

WHAT:

MLB.com - The sale price for the 40% stake in the Colorado Rockies is believed to be around $672 million.

MLB Trade Rumors - The influx of cash from the investment allows the Rockies to retire all outstanding debt while providing additional investment in the team.

MLB Trade Rumors - The Rockies opened the 2026 season with a payroll of $117 million, which is down from $122 million in 2025.

MLB.com - The investment by Penner Sports Group was confirmed to be a 40 percent stake in the Colorado Rockies.

Heavy NFL - Penner Sports Group has acquired a 40 percent stake in the Colorado Rockies.

MLB.com - The investment makes Penner Sports Group the largest minority owner of the Rockies franchise.

ESPN MLB - The minority investment was confirmed through multiple reports.

WHERE:

MLB.com - The investment pertains to the Colorado Rockies, a Major League Baseball team based in Denver, Colorado.

WHEN:

MLB.com - The announcement of the investment was made on Friday morning, April 7th, 2026.

Heavy NFL - The approval for the Broncos ownership group to purchase the Broncos was granted in August 2022.

WHY:

MLB Trade Rumors - The Rockies are coming off the first three 100-loss seasons in franchise history and have had seven straight losing campaigns, including dropping 119 games in 2025, tied for third-most in MLB history.

MLB.com - Dick Monfort stated, “We know we are gaining much more than just financial support in this partnership with Penner Sports Group.”

MLB.com - Dick Monfort expressed excitement about the partnership, citing the Penners' passion for the region and commitment to compete at the highest level.

MLB.com - The Penners stated that the investment reflects their appreciation for the Rockies and confidence in the franchise's future.

HOW:

MLB.com - The investment was approved by Major League Baseball.

(UPDATED April 11, 2026 05:24 UTC)

The Colorado Rockies have reportedly sold a 40% stake in the team for around $672 million, which will allow them to retire all outstanding debt and invest further in their roster. This comes as the Rockies opened the 2026 season with a payroll of $117 million, a decrease from $122 million in 2025, following a challenging period that included three consecutive 100-loss seasons. The team has struggled significantly, finishing with a record of 119 losses last year, tying them for the third-most losses in MLB history.

(UPDATED April 10, 2026 21:11 UTC)

Penner Sports Group has confirmed a significant investment, acquiring a 40 percent stake in the Colorado Rockies, which was approved by Major League Baseball. Dick Monfort, who is in his 29th year with the franchise, expressed that this partnership brings more than just financial support. Charlie Monfort has been a managing general partner since 1992, the year before the Rockies began play.

(UPDATED April 10, 2026 19:18 UTC)

Penner Sports Group, owned by Greg and Carrie Penner, has acquired a 40 percent stake in the Colorado Rockies, making them the largest minority owner of the franchise. The investment, which was approved by Major League Baseball, was announced on Friday morning, on Tuesday, and includes notable figures such as Walmart heir Rob Walton and former U.S. Secretary of State Condoleezza Rice. Rockies owner Dick Monfort expressed excitement about the partnership, highlighting the Penners' passion for the region and their commitment to competing at the highest level.