F1 star Hamilton takes ownership stake in NFL Broncos

(Files) In this July 24, 2022 photo, British Mercedes driver Lewis Hamilton celebrates on the podium at the French Formula 1 Grand Prix at Circuit Paul Ricard in Le Castellet, southern France. On August 2, 2022, the team announced that seven-time Formula 1 world champion Lewis Hamilton had joined the Denver Broncos ownership group from the NFL. (Photo by Christophe Simon/AFP)

Los Angeles (United States) (AFP) – Seven-time Formula One world champion Lewis Hamilton has joined the royal family of the Denver Broncos, the team announced Tuesday.

The Broncos entered into a sale agreement with the Walton-Penner family in June pending approval of ownership of the deal, which is expected to come next Tuesday.

“Excited to join an amazing group of owners and become a part of the Broncos story!!” Hamilton tweeted. “We have been honored to work with a world-class team and serve as an example of the value of the most diverse leadership in all sports.”

The 37-year-old Englishman posted a photo of his dog wearing a Bronco scarf and shirt and added: “Roscoe really thinks he made the team.”

Walmart heiress Rob Walton, daughter Carrie Boehner and son-in-law Greg Boehner paid $4.65 billion, the biggest selling price of any North American sports team, to buy the Broncos.

Former US Secretary of State Condoleezza Rice was added to the property pool last month and Hamilton, a 103-time Formula One race winner, is the latest high-profile investor.

“We are delighted to welcome seven-time Formula 1 World Champion Sir Lewis Hamilton to our Royal Collection,” Walton said in a statement.

“He is a competitive champion who knows what it takes to lead a winning team and a fierce defender of global equality, including in his own sport.

“With over 100 race wins, Lewis is the most successful Formula One driver ever. His resilient spirit and level of excellence will be an asset to the ownership group and the Broncos organisation.”

The sale must be approved by at least 24 of the 32 NFL club owners to complete the purchase from the Pat Bowlen Trust. Bowlen bought Broncos in 1984 and passed away in 2019.

The vote is likely just a formality and is due to take place at the owners meeting next week.

The Broncos won their third Super Bowl title in 2016, but they haven’t made the playoffs since. They went 7-10 last year for a fifth straight loss season.

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© AFP

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