Seven-time F1 champion Hamilton joins Broncos ownership group

Britain's Hamilton, who drives for the Mercedes F1 team, is the latest to join the Broncos ownership after former Secretary of State Condoleezza Rice. The Denver Broncos and the Walton-Penner family, led by Walmart heir Rob Walton, entered into a purchase and sale agreement in June for the takeover of the team in a deal reportedly worth $4.65 billion - a record for an American sports franchise.

"He (Hamilton) is a champion competitor who knows what it takes to lead a winning team and a fierce advocate for global equality, including in his own sport," Walton said in a statement on behalf of the Walton-Penner family ownership group.

"His resilient spirit and standard of excellence will be an asset to the ownership group and the Broncos organization."

The Broncos are three-time Super Bowl champions and start their pre-season against the Dallas Cowboys on August 14th.