Wednesday November 29, 2023

Broncos Owners To Build New Privately Funded $175M Headquarters

  • The Denver Broncos will spend $175 million to build a new practice center and team headquarters.
  • Ownership will privately fund the entire project.
Broncos/HOK
Linkedin
Copy Link
Link Copied
Link Copied

The Denver Broncos have the richest owners in the NFL, and they continue to invest their personal funds into the franchise midway through their second season in charge.

Plans have been unveiled for a new $175 million training facility and team headquarters that the team says will be 100% privately funded. Construction is expected to begin in the spring, with an expected opening before the 2026 NFL season. 

When completed, the project will include a new three-floor headquarters that will connect to the Broncos’ existing fieldhouse, creating a 320,000-square-foot facility featuring an expanded locker room, meeting rooms, and sports performance areas. More than 70 employees will move from Empower Field at Mile High to the Broncos’ new facility.

Big Business

The move marks the latest major investment from the Walton-Penner group, which paid a then-record $4.65 billion for the Broncos in 2022. 

Ahead of this season, the Broncos unveiled $100 million of upgrades to Empower Field at Mile High — and ownership was responsible for nearly $90 million of those funds. Before the 2022 season finale, Broncos ownership paid $400,000 to install a new playing surface for just one game. The Broncos are reportedly paying head coach Sean Payton nearly $20 million annually.

Meanwhile, the Broncos recently transferred controlling ownership from Rob Walton — the 79-year-old Walmart heir with a net worth of nearly $70 billion — to his son-in-law, Greg Penner.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Green Bay Packers tight end Tucker Kraft celebrates a touchdown against the Detroit Lions during the first half at Ford Field in Detroit on Thursday, Nov. 23, 2023.

Football Dominates Thanksgiving, With A Side Of Basketball

Fox got its highest viewership for college basketball ever.

Greg Olsen's Coaching Ambitions Could Shake Up Fox Sports' NFL Broadcasts

The current No. 1 analyst could be a candidate for a head coaching job with the Carolina Panthers.
Disney

ESPN Investors Not A Sure Thing, Disney CEO Says

Disney is exploring selling a stake in ESPN.

Sports Illustrated’s AI Controversy: What We Know, What’s Next

Union, corporate issues heightened amid AI-related controversy.
podcast thumbnail mobile
Front Office Sports Today

Report Claims Sports Illustrated Publishes AI-Generated Articles

0:00
0:00

Featured Today

Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Adidas
Multiple - USA Careers
NBA
Multiple - USA Careers
Kroenke Sports Enterprises
Multiple - USA Careers
Wimbledon center court on a partly sunny day

Wimbledon Expansion Fate Rests In London Mayor’s Office

London borough of Wandsworth votes against $250 million expansion bid.
November 17, 2023

Tiger, Rory's New Golf League Dealing With Setback As Dome Collapses

The dome at SoFi Center in South Florida collapsed.
A rendering of the inside of the proposed rebuild of Ryan Field.
November 21, 2023

Northwestern Secures Approval For New $800M Football Stadium

Northwestern's rebuild of Ryan Field can move forward after a contentious debate.
Sponsored

USGA’s Amanda Weiner on Delivering
Personalized Fan Experiences with
 AI and Automation

How the USGA is using AI to streamline content creation and distribution.
A rendering of the proposed renovations to the Louisiana Ragin' Cajuns football stadium.
November 17, 2023

Louisiana Ragin’ Cajuns Investing $65M in Stadium Renovation

It’s the biggest renovation since the venue opened in 1971.
A general view of Kauffman Stadium before a game between the Kansas City Royals and Los Angeles Angels.
November 16, 2023

Royals May Consider Third Stadium Site After Missing Deadline

The other two options are in KC’s East Village and Clay County.
A rendering of the front of San Diego FC's proposed training center and youth academy.
November 10, 2023

San Diego FC Breaks Ground on $150M Training Facility, Academy

San Diego FC's academy will be the first of its kind in MLS.
Alabama Crimson Tide head coach Nick Saban does his traditional walk around at Bryant-Denny Stadium before a game against the Tennessee Volunteers.
November 9, 2023

Nick Saban’s Car Dealership Group Moves Into Florida For $700M

Saban’s group now owns nine dealerships across the South.