DENVER (KKTV) - In a transaction formally approved by Major League Baseball, Greg and Carrie Penner became the largest minority partners of the Rockies on Friday. The Monfort family remains the Rockies’ majority owners.
Dick Monfort will continue as chairman and CEO, Charlie Monfort will remain as owner/general partner and Walker Monfort will continue to manage day-to-day operations.
The investment allows the club to retire all outstanding debt and provide additional investment in the team.
“Greg and Carrie have proven that they share the same passion for our region and a strong commitment to compete at the highest level,” Dick Monfort, Rockies Chairman and CEO said. “We are thrilled to add them to the Colorado Rockies’ ownership group as we best position this franchise for long-term sustained success.”
“We are excited to expand our commitment to the Denver sports community through a minority partnership with the Colorado Rockies,” Greg and Carrie Penner said. “This investment from Penner Sports Group reflects our deep appreciation for what the Rockies mean to this region, the passion of their fans and our confidence in the future of the franchise.”
According to sources from the Denver Post, the minority state is 40%.
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