The Denver Broncos officially have a new owner as the Walton/Penner Group got official and unanimous league approval and is now officially running the team.

K99 logo
Get our free mobile app

After decades of being led by Pat Bowlen, the team's ownership situation has been volatile and quite frankly a mess so this announcement is a big step in moving forward as an organization.


With that announcement comes the news that team president Joe Ellis has decided to step down.

It's a move that isn't completely surprising as there has been talk from Ellis himself over the past several months about him possibly wanting to do this and step down from his position. Ellis has been associated with the Broncos organization for over 27 years in various roles and has been president since 2014.

In a statement released yesterday, Joe Ellis had this to say:

"There are no words to express the gratitude I have toward Pat Bowlen for his trust, friendship and the responsibility to serve the Broncos and this community for nearly three decades. Pat’s legacy of winning, doing things the right way and giving back is unmatched. He is a Pro Football Hall of Famer in every sense for what he has meant to this organization and the National Football League."


Ellis, who has decided to accept new ownership's offer as staying on as a team consultant added this in his statement yesterday with a special message to Broncos Country:

"To Broncos Country: From the bottom of my heart, thank you. Your passion and loyalty, especially through the challenges we've faced over the last few years, are what make the Broncos so special. You are truly the best fans in the NFL and deserve many, many more Super Bowls.


"The Broncos are in great hands with Rob Walton, Carrie Walton Penner, Greg Penner, Mellody Hobson, Condoleezza Rice and Sir Lewis Hamilton along with the many outstanding people in our organization. I wish them much success, happiness and fun as they begin this journey."


RELATED: Broncos Release Full 2022 Schedule Featuring Five Primetime Games (


Scroll Through a Pictorial History of the Denver Broncos

The Denver Broncos have one of the most successful franchises in the NFL. Eight Super Bowl appearances, 15 division titles, 21 playoff appearances, and three championships. But, as every fan knows, the road is never easy and with every victory, there are plenty of heartaches and disappointments. All the memorable moments and players are too many to mention here, but, take a look back at some of the highlights and heartaches of the past 60+ years.

See Inside Broncos QB Russell Wilson's $28 Million Dollar Mansion


More From K99