{"id":674898,"date":"2026-04-13T18:21:19","date_gmt":"2026-04-13T18:21:19","guid":{"rendered":"https:\/\/www.rawchili.com\/mlb\/674898\/"},"modified":"2026-04-13T18:21:19","modified_gmt":"2026-04-13T18:21:19","slug":"colorado-rockies-stake-sale-to-penner-sports-group-offers-stabilizing-move-for-ballclub","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/mlb\/674898\/","title":{"rendered":"Colorado Rockies stake sale to Penner Sports Group offers stabilizing move for ballclub"},"content":{"rendered":"

The Monforts selling a 40% stake in the Rockies<\/a> to Penner Sports Group was \u201ca level-headed compromise that not only kept the Rockies in the family but gave the team something that felt like a tangible reason for genuine hope for a brighter future,\u201d according to Mark Kiszla of the Colorado Springs GAZETTE. There is an \u201cunresolved family dispute\u201d between the two brothers who owned the Rockies. For the past two years, owner and General Partner Charlie Monfort has \u201cpersistently explored selling his shares in a downtrodden Rockies ballclub he had helped bring to Colorado in the early 1990s.\u201d But team Chair & CEO Dick Monfort, his elder brother, \u201cstubbornly refused to let go of a team he loved and wanted to pass down to his sons<\/a>.\u201d During the previous two calendar years, \u201cat least two well-heeled suitors\u201d had explored the possibility of acquiring shares from either Charlie or Dick Monfort. Representatives from Crown International Holdings \u201cwalked away after talking with both brothers in the latter half of 2024, frustrated with the slow progress in negotiations.\u201d The brothers \u201cseemed frequently at odds about what they wanted next from the team.\u201d While Dick Monfort has run the day-to-day operations of the Rockies for over a decade, his younger brother \u201cbegan to take a more active role during the past 12 months\u201d and \u201cwas an unseen hand nudging the team in the direction of bringing in new investors.\u201d Pledging to \u201cleave Dick Monfort in charge and promising to take a hands-off approach in the day-to-day operations\u201d of the club, new team co-owners Greg and Carrie Penner \u201cconvinced the Monforts to close a deal that gives the Broncos co-owners a minority stake\u201d (Colorado Springs GAZETTE, 4\/11<\/a>).<\/p>\n

SOLE BUYOUT: Denver-based KUSA-NBC\u2019s Mike Klis cited sources as saying that the Denver Post is the only previous minority Rockies investor \u201cbought out in full by the Penners.\u201d The Denver Post, an original minority owner by way of Scripps Howard\/Rocky Mountain News in 1991, \u201cheld between 7-8% minority stake\u201d in the Rockies. The Penners also \u201cbought portions from each of the Rockies partners,\u201d and the \u201cthird component of their investment was an equity infusion for debt relief.\u201d They will have \u201cno day-to-day roles or responsibilities with the club.\u201d Klis wrote while the Penners\u2019 roles with the Broncos and the Monforts\u2019 roles with the Rockies will not change, this partnership \u201cis significant for two prominent franchises locally and in their respective leagues.\u201d The investment amount — while \u201cnot disclosed publicly — figures to be several hundred million dollars\u201d based on the club\u2019s $1.68B valuation. That much-needed cash influx will allow the Rockies to \u201cretire all outstanding debt while investing capital into both the on-field product and the fan experience.\u201d Dick Monfort \u201cremains an influential owner in league circles\u201d and is \u201cexpected to be heavily involved\u201d in labor negotiations between the MLB and the MLBPA as a potential lockout looms (9NEWS.com, 4\/10<\/a>).<\/p>\n

DON\u2019T COUNT IT OUT: In Denver, Patrick Saunders noted a deal for Greg and Carrie Penner to eventually become the controlling owners of the Rockies is \u201cnot imminent,\u201d and he cited a source as saying there is \u201cno timetable for that to occur.\u201d But the source added it \u201ccould very well happen down the line.\u201d Last month, it was disclosed that Broncos co-owner Rob Walton, part of the Walton-Penner Family Ownership Group that owns the NFL team, also \u201chas a 10% share of the D-backs<\/a>.\u201d However, the Penners \u201cdo not have a stake in the D-backs, thus allowing them to buy into the Rockies\u201d (DENVER POST, 4\/12<\/a>).<\/p>\n

NEW PATH FORWARD: In Denver, Troy Renck wrote in what \u201camounts to a home run for baseball fans\u201d in this state and region, the Penners will provide financial resources that give Dick Monfort \u201crunway to determine his future vision for the franchise.\u201d Bringing the Penners on board \u201ccreates a pathway for the Rockies to become relevant.\u201d Starting with conversations a year ago, the Penners \u201cwere motivated to get involved rather than take over.\u201d This is \u201cnot a palace coup,\u201d it is \u201ca partnership.\u201d But it is also \u201cone (heck) of a safety net.\u201d And it gives the Penners \u201can opportunity to become financially tethered without dealing with the minutiae of running another team.\u201d For Dick Monfort, the move \u201cmakes sense.\u201d Renck: \u201cJust look at all the Penners have done, how deep their pockets are, and how much they commit to ventures.\u201d He wrote they \u201cwill learn baseball just as they did the NFL.\u201d There is \u201cno reason to think they cannot help make the Rockies better\u201d (DENVER POST, 4\/10<\/a>).<\/p>\n

NEW SHERIFF: In Colorado Springs, Woody Paige wrote with two-fifths ownership of the Rockies franchise, the \u201chighest percentage for a minority partner, and despite no actual power over the baseball operation,\u201d the Penners will not \u201caccept the Monforts remaining the worst pro sports team in Colorado history.\u201d Paige: \u201cThe Monforts must up their game or get out\u201d (Colorado Springs GAZETTE, 4\/12<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"The Monforts selling a 40% stake in the Rockies to Penner Sports Group was \u201ca level-headed compromise that…\n","protected":false},"author":2,"featured_media":459477,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2405],"tags":[5,167,52,4316,4,168],"class_list":{"0":"post-674898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-colorado-rockies","8":"tag-baseball","9":"tag-colorado","10":"tag-colorado-rockies","11":"tag-coloradorockies","12":"tag-mlb","13":"tag-rockies"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@mlb\/116398790029002051","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/674898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/comments?post=674898"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/674898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media\/459477"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media?parent=674898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/categories?post=674898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/tags?post=674898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}