3.5 C
New York

Lewis Hamilton takes ownership share in NFL’s Denver Broncos | NFL


The seven-times Formula One world champion Lewis Hamilton has joined the ownership group of the National Football League’s Denver Broncos, the team announced on Tuesday.

Rob Walton announced the addition of Hamilton as a limited shareholder in a press release issued on behalf of the Walton-Penner family ownership group.

“[Hamilton] is a champion competitor who knows what it takes to steer a winning team and is a fierce advocate for global equality, including in his own sport,” Walton said within the statement.

“With over 100 race wins Lewis is taken into account probably the most successful F1 driver of all time. His resilient spirit and standard of excellence will likely be an asset to the ownership group and the Broncos organisation.”

The Walton-Penner group agreed to purchase the team from the Patrick D Bowlen Trust last month for a reported £3.81bn ($4.65bn) in the most costly deal for a sports franchise on the earth, eclipsing the £2.5bn ($3.1bn) sale of Chelsea to an American-led consortium fronted by Los Angeles Dodgers part‑owner Todd Boehly this 12 months.

In April Hamilton and the tennis star Serena Williams joined a consortium led by the previous British Airways chairman Martin Broughton to purchase Chelsea that was among the many final three bids to be shortlisted. But it surely was ruled out after its dependence on a £500m ($611m) loan from three US banks was revealed.

The Broncos’ star quarterback Russell Wilson Meanwhile, Oscar Piastri has insisted he won’t be driving for BWT Alpine next season hours after his appointment as Fernando Alonso’s substitute had been announced.

Alpine issued a press release on Tuesday afternoon wherein it said the 21-year-old Australian had been promoted from reserve driver to partner Esteban Ocon throughout the 2023 season, prompting a swift response.

Piastri said in a post on his official Twitter account: “I understand that, without my agreement, Alpine F1 have put out a press release late this afternoon that I’m driving for them next 12 months.

“That is unsuitable and I even have not signed a contract with Alpine for 2023. I won’t be driving for Alpine next 12 months.”celebrated Hamilton’s addition to the team’s ownership before practice yesterdayon Tuesday morning.

Wilson and his wife, Ciara, were guests of Hamilton’s Mercedes race team on the Monaco Grand Prix this 12 months.

Hamilton, whose 103 grand prix wins are probably the most in F1 history, becomes the third known limited shareholder to affix the ownership group of the three‑time Super Bowl champions after Condoleezza Rice, who served as US secretary of state under George W Bush from 2005 to 2009, and the Ariel Investments co-chief executive and Starbucks chair Mellody Hobson.

The Broncos’ ownership group is fronted by Walton and includes his daughter, Carrie Walton Penner, and her husband, Greg Penner. Walton, 77, was chairman of Walmart, the world’s largest retailer, from 1992 until 2015, when he retired. He’s the eldest son of founder Sam Walton and Helen Walton and has an estimated net value of nearly £49bn ($60bn).

The NFL is predicted to approve fully the acquisition agreement to the Walton-Penner group at a league meeting next Tuesday in Minneapolis, the ultimate step after it received approval from the league’s finance committee last week.

Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles


Recent articles