The Colorado Rockies are owned and controlled by the Monfort family, led by chief executive Dick Monfort and managing partner Charlie Monfort.
The brothers became primary owners of the franchise in 2005, after buying out founding investor Jerry McMorris and taking full control of the club.
In April 2026, the ownership group changed for the first time in two decades. The Walton Penner family, who also own the Denver Broncos, purchased a 40 percent minority stake in the Rockies.
The investment was led by Carrie Walton Penner and Greg Penner, and traces back to the broader Walton family fortune tied to Walmart, one of the largest personal fortunes in the world.
Despite the new investors, the Monfort family retains full day to day control of baseball operations. Dick Monfort remains CEO, Charlie Monfort is managing partner, and Dick’s son Walker Monfort was promoted to team president in 2025.
Forbes valued the Rockies at 1.68 billion dollars in its 2026 rankings, a franchise that has kept climbing in value even through years of poor on field results.
That valuation growth stands in sharp contrast to the team’s performance. The 2025 Rockies finished with one of the worst records in modern MLB history, sparking loud and sustained fan campaigns urging the Monforts to sell the team.
So how does a franchise that just endured one of the most lopsided losing seasons in baseball history convince a family tied to a fortune worth well over one hundred billion dollars to buy in. The answer says as much about the guaranteed value of an MLB franchise as it does about the Rockies themselves.
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Colorado Rockies Ownership At A Glance
| Team | Colorado Rockies |
| Current Owner | Dick Monfort and Charlie Monfort (Monfort family) |
| Ownership Group | Monfort family, plus a 40 percent minority stake held by the Walton Penner family since April 2026 |
| Origin | Monforts became controlling owners in 2005, buying out founding partner Jerry McMorris |
| 2026 Valuation | 1.68 billion dollars (Forbes) |
| Founded | 1993, as an MLB expansion franchise |
| League | Major League Baseball, National League West |
| Home Stadium | Coors Field, Denver, Colorado |
| World Series Appearances | One, in 2007 |
| Fan Sentiment | Widespread and sustained calls to sell the team after a historically poor 2025 season |
The Monfort Family Ownership Structure
Control of the Rockies runs through three members of the Monfort family, with a newer outside investor now sitting alongside them.
Chief Executive Officer
Managing Partner
Team President
40 Percent Minority Investor
Colorado Rockies Ownership History
The Rockies’ ownership story stretches back more than three decades, according to Wikipedia, and has passed through several hands before landing with the Monforts.
MLB grants Colorado a new franchise under an ownership group fronted by John Antonucci and Michael Monus.
After an accounting scandal damages Monus, trucking executive Jerry McMorris takes over, bringing in Charlie Monfort as a partner.
The Rockies debut as an expansion team, playing home games at Mile High Stadium.
The team moves into its permanent downtown Denver ballpark, still its home today.
Dick and Charlie Monfort buy out McMorris’s stake and become the club’s primary owners.
The Rockies reach their only World Series, swept by the Boston Red Sox.
The Rockies suffer one of the worst records in modern MLB history, igniting fan calls for the Monforts to sell.
MLB approves a 40 percent minority stake sale to the Broncos owning Walton Penner family.
How The Monfort Family Took Control Of The Rockies
The Monfort family’s path to owning the Rockies began with a family meatpacking business, not baseball.
Charlie Monfort joined the ownership group in 1992, invited in by Jerry McMorris after the original lead investor’s reputation collapsed amid an accounting scandal.
Dick Monfort followed a few years later, joining the ownership group and gradually taking on greater responsibility within the franchise through the late 1990s.
According to reporting from Purple Row, the brothers steadily expanded their influence before finally buying out McMorris entirely in 2005.
That 2005 buyout made the Monforts the undisputed controlling owners, a position they still hold today even after welcoming the Walton Penner family as minority partners.
Two decades later, that same family remains the face of the franchise, for better and for worse in the eyes of many fans.
Is The Monfort Family A Good Owner: Is Rockies Ownership Really Worth It
Judging Rockies ownership depends heavily on whether you look at the balance sheet or the standings.
On the positive side, the Monforts have delivered steady financial growth. The franchise’s Forbes valuation has climbed for years, and the team has never relocated or faced serious financial instability under their watch.
They also brought in outside capital rather than selling outright, adding the Walton Penner family as partners while keeping the franchise anchored in Colorado.
On the negative side, the on field results have been genuinely difficult to defend. The 2025 season ranks among the worst in modern MLB history, and it followed several other disappointing years.
Fans and local media have been blunt in their criticism, pointing to front office decisions, payroll spending, and a lack of accountability at the top.
Team leadership has publicly acknowledged the frustration. Executives close to the Monfort family have said they share fans’ disappointment in the results.
Verdict: the Monforts have proven to be shrewd business owners but a deeply frustrating baseball ownership group for a fan base desperate for a winning team.
How Much Are The Colorado Rockies Worth In 2026
According to Forbes, the Colorado Rockies were valued at 1.68 billion dollars in the outlet’s 2026 MLB rankings.
The franchise generated roughly 319 million dollars in revenue for the 2025 season, after accounting for revenue sharing and stadium debt service.
Operating income landed around 20 million dollars, a modest figure relative to the franchise’s overall valuation.
The valuation reflects the enduring strength of MLB franchises as assets, even for a team fresh off one of the worst seasons in the sport’s modern history.
What Is The Monfort Family Net Worth In 2026
The Monfort family fortune traces back to Monfort of Colorado, a meatpacking and cattle business founded by patriarch Kenneth Monfort.
ConAgra Foods acquired the family business in 1987, giving the Monforts significant capital that later helped fund their entry into Rockies ownership.
Both Dick and Charlie held senior roles inside ConAgra after the sale, with Dick becoming president of ConAgra Red Meats and Charlie leading ConAgra Foods International, before turning their full attention to the Rockies.
The family’s exact personal net worth is not publicly disclosed, but their fortune stands in stark contrast to their new minority partners, the Walton Penner family, whose Walmart connected wealth is estimated in the tens of billions of dollars.
Coors Field And The Push For A Sale
Coors Field remains one of the most scenic ballparks in the country, but that atmosphere has not shielded ownership from criticism.
Local fan groups have organized public campaigns urging the Monforts to sell, using stadium banners, social media pressure, and media appearances to make their case.
The pressure mirrors what fans of other struggling franchises have voiced in leagues across professional sports, including debates covered in our breakdown of NFL ownership.
So far, the Monfort family has resisted calls for a full sale, choosing instead to bring in outside minority investment while keeping control in house.
Is The Colorado Rockies For Sale In 2026
Despite years of fan pressure, the Colorado Rockies are not for sale in the traditional sense in 2026.
The Monfort family sold a 40 percent minority stake to the Walton Penner family, but retained CEO, managing partner, and team president roles, meaning day to day control has not changed.
Ownership transitions like this are common across major sports leagues, similar in structure to how global organizations such as those in our FIFA ownership overview bring in new stakeholders without ceding overall control.
For now, a full sale of the franchise appears to be more fan wishful thinking than an active process, even as scrutiny of the Monfort family’s baseball decisions continues.
Frequently Asked Questions About Colorado Rockies Ownership
Who Is The Owner Of The Colorado Rockies
The Colorado Rockies are owned and controlled by the Monfort family, led by CEO Dick Monfort and managing partner Charlie Monfort, with the Walton Penner family holding a 40 percent minority stake since April 2026.
Who Is Dick Monfort
Dick Monfort is the chief executive officer of the Colorado Rockies and, together with his brother Charlie, one of the franchise’s controlling owners since 2005.
How Did The Monfort Family Get The Rockies
Charlie Monfort joined the Rockies ownership group in 1992 alongside Jerry McMorris, and the family later became controlling owners in 2005 after buying out McMorris’s remaining stake.
Is The Colorado Rockies For Sale In 2026
No full sale is underway. The Monfort family sold a 40 percent minority stake to the Walton Penner family in April 2026 but continues to control team operations.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.