New Brown Athletic Facility Naming Rights Sold to Walmart Board Chair

New Brown Athletic Facility Naming Rights Sold to Walmart Board Chair

 

Call it the Walmart dome.

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Brown University's new indoor sports facility's naming rights have been sold to Gregory Penner, who is the chairman of Walmart and co-owner and CEO of the Denver Broncos of the National Football League. He is the son-in-law of S. Robson Walton and the grandson-in-law of Sam Walton, the founder of Walmart - a family that has a reported net worth of $440 billion.

 

Brown University said in a statement that it “will name its soon-to-open indoor turf facility Penner Field House in recognition of a generous gift from the Penner Family Foundation, which is led by Brown parents Carrie Walton Penner and Greg Penner.”

 

The facility is set to open in the next couple of weeks. The 76,000-square-foot Penner Field House will replace the former Meister-Kavan Field at Brown’s Erickson Athletic Complex and provide year-round space for athletics practice, training, and recreation. 

 

READ ABOUT THE NAMING OF BROWN'S PERFORMING ARTS CENTER

 

No word on whether the Walmart tagline, "Save Money, Live Better," will appear on the new facility. Brown has not disclosed the amount of the transaction.