A consortium including Lewis Hamilton have completed a £3.85billion takeover of NFL side the Denver Broncos, making the seven-time Formula One champion co-owner of the club. The Mercedes driver is part of the Walter-Penner group which had their takeover bid unanimously approved on Tuesday.
The deal is the most expensive ever for a sport’s franchise, almost double the previous record set for the New York Mets baseball team. The new owners, who also control the huge American retail chain Walmart, were confirmed during a special meeting of NFL owners in Minnesota.
Tweeting after the takeover was confirmed Hamilton said he was excited to be joining the franchise and joked his loyal dog Roscoe thought he was already part of the team.
The 37-year-old wrote: “Excited to join an incredible group of owners and become a part of the Broncos story!! Honoured to work with a world-class team and serve as an example of the value of more diverse leadership across all sports. Roscoe already thinks he made the team.”
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However, the consortium was unsuccessful after they were outbid by the conglomerate led by Todd Boehly. This may have been a blessing in disguise for the Formula One star given his well-published support of the Blues’ London rivals Arsenal.
The Broncos are three-time Superbowl winners and Hamilton will be hoping his new club can hit those heights again during his ownership.