Patchy fog early, then partly to mostly sunny with some increasing high clouds later in the day. Still warm, dry, and comfortable. The better weekend day. .
Becoming mostly cloudy with a few showers possible late, especially west of the Lehigh Valley.
Denver Broncos quarterback Russell Wilson runs along the rope line to greet fans during the opening session of the NFL football team's training camp Wednesday, July 27, 2022, in Centennial, Colo.
Denver Broncos quarterback Russell Wilson runs along the rope line to greet fans during the opening session of the NFL football team's training camp Wednesday, July 27, 2022, in Centennial, Colo.
ENGLEWOOD, Colo. (AP) — NFL owners will decide on Aug. 9 whether to approve the proposed $4.65 billion sale of the Denver Broncos to the Waltons, heirs to the Walmart fortune and America's richest family.
The league's finance committee met Wednesday and unanimously recommended the transaction for approval.
The committee will send a report to all clubs at a special league meeting on Aug. 9. Twenty-four of the 32 teams are needed to approve the sale of the storied franchise from the Pat Bowlen Trust to Rob Walton; his daughter, Carrie Walton Penner; and her husband, Greg Penner.
Commissioner Roger Goodell has made minority ownership a point of emphasis in the league. The Walton-Penner group met those wishes by including Starbucks board chair Mellody Hobson and former U.S. Secretary of State Condoleezza Rice — both Black women.
The deal is the most expensive for a sports franchise in the world, surpassing the $3.1 billion sale earlier this year of Chelsea, one of European soccer’s blue ribbon teams, to an American-led consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.
Walton, 77, was chairman of Walmart from 1992-2015. He is the eldest son of founder Sam Walton and Helen Walton and has an estimated net worth of nearly $60 billion. He would become by far the richest owner in the NFL if the sale is approved as expected.
The Pat Bowlen Trust has run the franchise for several years and put the club up for sale last year after Hall of Famer Pat Bowlen’s children couldn’t concur on a successor to their father.
Bowlen, who bought the team in 1984, died in 2019, a month shy of his induction into the Pro Football Hall of Fame.
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL
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If you know of local business openings or closings, please notify us here.
- The Cadillac Pub opens where Klingers used to be at 24 E. Main Street in Fleetwood
- II-VI Inc. (pronounced "two-six") will become Coherent Corp., taking on the name of a company it recently acquired.
- ABEC, a company that provides services and products to the pharmaceutical industry, with headquarters in Northampton County, will invest in a new disposable-container facility in North Carolina.
- A new Lehigh Valley Martial Arts center will hold a grand opening starting at 11 a.m. on Saturday, Sept. 10, with a ribbon-cutting shortly afterward.
- Bethlehem Township's planning commission has approved an Amazon parking lot with 248 spaces at Brodhead and Mowrer roads.
- The Bethlehem Zoning Hearing Board rejected variance requests that would have allowed multifamily homes to go up on the Southside properties at 508-512 Selfridge St.
- Northampton County Council voted 1-8 against a tax break for development of a proposed warehouse at the Dixie Cup building on South 25 Street in Wilson Borough.
- The former Valley Farm Market, now known as Gerrity's Valley Farm Market, will take on a new name as of Oct. 14: Gerrity's The Fresh Grocer.
- Hamsa Exoticz is already open at the Lehigh Valley Mall, but it will hold a grand opening at 5 p.m. Sept. 16 with the Whitehall Chamber of Commerce.
- A new Home Depot will open a 136,048-square-foot building on about 21 acres of vacant land just off Hamilton Boulevard in Lower Macungie Township.
- Rocco Ayvazov's Monocacy General Contracting received approval from the Bethlehem Planning Commission to put up a six-story building with 55 apartments and retail space on the first floor at 128 E. Third St.
- The old Allen Organ showroom building on Route 100 in Lower Macungie Township will come down and about 100 total apartment units will go up.
- Reading Hospitality's Catering by DoubleTree will handle food at events at Reading Country Club, after Exeter Township supervisors approved a new agreement.
- Natural healing is the goal at Reike Balance, which will open Sept. 9. on Reading Avenue in West Reading.
- The Pocono Chamber of Commerce held a grand opening at the Bartonsville branch of Farmhouse Cafe.
- The reopening date for the historic Frenchtown Inn building overlooking the Delaware River in New Jersey remains unclear.
- River Paws, a pet-supply store, is across Race Street from the Frenchtown Pharmacy.
- The planned reopening date of Aug. 13 for Toby's Cup was pushed back after ownership said a dispute about the occupancy of a home on the hot dog stand's property delayed the reopening.
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