Formula One star Lewis Hamilton takes an ownership stake in the NFL Broncos.

Seven-time Formula One world champion Lewis Hamilton has joined the ownership group of the NFL’s Denver Broncos, the team announced Tuesday.

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The Broncos reached a sale agreement with the Walton-Penner family in June pending ownership approval of the deal, which is expected next Tuesday.

“Excited to join an incredible group of owners and be a part of the @Broncos story!!” Hamilton tweeted. “An honor to work with a world-class team and serve as an example of the value of more diverse leadership across all sports.”

The 37-year-old Englishman posted a photo of his dog wearing a Broncos scarf and shirt, adding: “Rosco already thinks he’s made the team”.

Wal-Mart store heir Rob Walton, his daughter Carrie Penner and son-in-law Greg Penner paid $4.65 billion to buy the Broncos, the largest price for any North American sports team.

Former US Secretary of State Condoleezza Rice was added to the ownership group last month and Hamilton, a record 103-time F1 race winner, is the latest high-profile investor.

“We are delighted to welcome seven-time Formula One World Champion Sir Lewis Hamilton to our ownership group,” Walton said in a statement.

β€œHe 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.

“With over 100 race wins, Lewis is regarded as the most successful F1 driver of all time. His resilient spirit and quality of excellence will be an asset to the ownership group and the Broncos organisation.

The sale must be approved by at least 24 of the NFL’s 32 club owners to complete the purchase from the Pete Bowlen Trust. Bowlen bought the Broncos in 1984 and died in 2019.

The potential vote is only a formality and is scheduled for next week’s owners meeting.

The Broncos won their third Super Bowl crown in 2016 but have not made the playoffs since. They went 7-10 last year for their fifth straight losing season.

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