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.
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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.

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