Walton Buys Stake in Diamondbacks

Denver Broncos owner Rob Walton, worth nearly $146 billion according to Forbes, purchased the minority stake in 2024 but the transaction remained undisclosed until now. The "bulk of the proceeds" from the sale went toward Chase Field renovations, with the team committed to investing $250 million in ballpark improvements.

Walton, a son of Walmart founder Sam Walton, serves as a limited partner with no decision-making responsibilities or involvement in operations. The move aligns with comments made by team president Derrick Hall in 2023 when he indicated the team was considering bringing in additional investors for future capital needs.