Rob

Walton

The sale is not yet complete. Broncos ownership has until June 30, 2027, to exercise their option to buy the former railyard for $45.8 million. The deal is expected to close this fall. Ownership reportedly has plans to build a new stadium and an adjacent entertainment district. The state purchased Burnham Yard in 2021 for $50 million and hoped “to use some of the land for transportation-related purposes,” but those plans “fizzled.” Broncos ownership is hoping that the new stadium will be ready for the NFL’s 2031 season.

The state reportedly purchased Burnham Yard, a former rail yard, four years ago for $50 million. The Broncos are also “exploring other areas, including a 36-acre Denver Water campus located close to Burnham Yard.” Properties in Lone Tree and Aurora are also reportedly up for consideration.

“The sense I get is a potential tear down is coming,” according to Palmer, starting with Thursday night’s matchup with the Chiefs. The Broncos sent DE Randy Gregory to the 49ers last week and are rumored to be shopping EDGE Frank Clark and WRs Courtland Sutton/Jerry Jeudy ahead of the trade deadline. Denver (1-4) faces Kansas City and Buffalo in three of the next four weeks, giving little hope of turning around the season. A Week 6 shakeup could lead to more touches for rookies Jaleel McLaughlin and Marvin Mims, who lead the team in yards on 20% of snaps.

Walton is the eldest son of Walmart founder Sam Walton. Rob served as Walmart’s chairman from 1992-2015 and immediately becomes the NFL’s richest owner, with an estimated net worth at close to $70 billion. His group has acquired the Broncos from the Bowlen family after Pat Bowlen bought the team in 1984. Bowlen passed away in 2019. The $4.65 billion sale of the Broncos is the highest price ever paid for a U.S. sports team.