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Denver Broncos sold to Walmart heir Rob Walton


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DENVER — The Denver Broncos and the Walton-Penner family ownership group, spearheaded by Walmart heir Rob Walton, have entered into a purchase and sale agreement to acquire the team, the Broncos announced in a tweet Tuesday night.

Details of the purchase were not immediately available. Sources told Broncos Insider Troy Renck that the price is north of $4.6 billion, crushing the current record paid for an American sports franchise at $3.3 billion for the Brooklyn Nets, which involved real estate. The Panthers own the NFL record, sold for $2.275 billion to David Tepper.

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1 hour ago, The Crusher said:

Self check out is the way of the future. 

I really appreciate the self checkout.  Unfortunately for the businesses that have them I have not been trained properly and I occasionally miss an item or 2.  It takes me about 3 minutes to check myself out and those items usually add up to $15 or $20.  I figure that it's my pay for working for them. So it all works out.  If they paid someone $20 an hour to check me out, they would probably make out better, but who am I to say.

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It's amazing that a guy can basically never actually work in his life and have enough money to buy a football team for $4.6 billion.

His work history:

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After graduation, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma.[1] In 1978, he left Tulsa to join Walmart as a senior vice president,[1] and in 1982, he was appointed vice chairman.[9] He was named chairman of the board of directors on April 7, 1992, two days after his father's death

 

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