Broncos ownership group buy minority stake in Rockies

State of play: The Broncos ownership group, led by Greg and Carrie Penner, purchased a 40% stake in the Colorado Rockies, per the Denver Post.

• The deal, officially approved by the league, makes Penner Sports Group the team's largest minority owners, per MLB.com.
• The Monfort family, led by Rockies owner and CEO Dick Monfort and owner/general partner Charlie Monfort, will remain the club's majority owners.

Between the lines: Avalanche and Nuggets owner Stan Kroenke is married to Ann Walton Kroenke, whose cousin Rob Walton is a co-owner of the Denver Broncos.

What they're saying: "We know we are gaining much more than just financial support in this partnership with Penner Sports Group," Dick Monfort said in a statement Friday.

Friction point: Fans have long clamored for the Montforts to sell the team as losses pile.

• The Rockies have lost more than 100 games each season since 2023.

What we're watching: Whether the financial infusion from the Broncos can trigger on-field success.

• While the Broncos, Nuggets and Avalanche have all claimed coveted titles, the Rockies have yet to bring a World Series trophy to Denver.