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

The seven-time Formulation One world champion Lewis Hamilton has joined the possession group of the Nationwide Soccer League’s Denver Broncos, the staff introduced on Tuesday.

Rob Walton introduced the addition of Hamilton as a restricted shareholder in a press release issued on behalf of the Walton-Penner household possession group.

“[Hamilton] is a champion competitor who is aware of what it takes to steer a successful staff and a fierce advocate for international equality, together with in his personal sport,” Walton mentioned in a press release.

“With over 100 race wins, Lewis is taken into account essentially the most profitable F1 driver of all time. His resilient spirit and normal of excellence shall be an asset to the possession group and the Broncos organisation.”

The Walton-Penner group agreed to purchase the staff from the Patrick D Bowlen Belief final month for a reported £3.81bn ($4.65bn) in the costliest deal for a sports activities franchise on the planet, 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 closing three bids to be shortlisted. Nevertheless it was dominated out after its dependence on a £500m ($611m) mortgage from three US banks was revealed.

The Broncos’ star quarter-back Russell Wilson celebrated Hamilton’s addition to the staff’s possession earlier than apply on Tuesday morning. Wilson and his spouse, Ciara, had been friends of Hamilton’s Mercedes race staff on the Monaco Grand Prix this 12 months.

Hamilton, whose 103 grand prix wins are essentially the most in F1 historical past, turns into the third identified restricted shareholder to affix the possession group of the three-time Tremendous Bowl champions after Condoleezza Rice, who served as US secretary of state below George W Bush from 2005 by way of 2009, and the Ariel Investments co-chief govt and Starbucks chair Mellody Hobson.

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

The NFL is predicted to totally approve the acquisition settlement to the Walton-Penner group at a league assembly subsequent Tuesday in Minneapolis, the ultimate step after it acquired approval from the league’s finance committee final week.

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