Josh Kroenke

Josh Kroenke (born May 7, 1980) is an American heir to the Walmart family inheritance and to Kroenke Sports & Entertainment, his father's sports-media conglomerate. He is President and Governor of the Denver Nuggets basketball franchise, President and Governor of the Colorado Avalanche ice hockey franchise, and Alternate Governor for the Colorado Rapids soccer franchise.[1] The company co-owns Elitch Gardens Theme Park as well.[2][3]

Josh Kroenke
Born	(1980-05-07) May 7, 1980 Columbia, Missouri, U.S.
Nationality	American
Education	University of Missouri
Occupation	Businessman, Entrepreneur
Parent(s)	Stan Kroenke Ann Walton Kroenke
Relatives	Whitney Ann Kroenke (sister) James "Bud" Walton (maternal grandfather)

Early life

Josh Kroenke was born on May 7, 1980.[4] His father is Stan Kroenke and his mother, Ann Walton Kroenke.[5][6] Through his mother, he is a member of the Walton family, the richest family in the world, who founded Walmart and still own a controlling interest.[7] He has a sister, Whitney Kroenke Burditt. He grew up in Columbia, Missouri, and attended Rock Bridge High School.[1] He graduated from the University of Missouri, where he received a full basketball scholarship.[1]

While in college, Kroenke found himself involved in a scandal which led to the resignation of Larry Eustachy, the coach of the Iowa State basketball team. In 2003, Eustachy, a friend of Josh’s father Stan Kroenke, attended a student party with Josh in Columbia, Missouri.[8] Photos of Eustachy drinking with college students at the party later surfaced[9] and led to his resignation[10] from his position at Iowa State.

Career

NHL / NBA Investment

He now serves as the President of both the National Basketball Association's Denver Nuggets and National Hockey League's Colorado Avalanche.[1][5][6][11]

Other football ownerships

In 2013, he was appointed by his father, the majority shareholder, to the board of English association football club Arsenal as a non-executive director.[12]

Philanthropy

He volunteers for the Big Brothers Big Sisters of America.[5]

Personal life

Kroenke resides in Denver, Colorado.[5] Kroenke purchased an 1,885-square foot condo for $1.4 million in 2007. Prior to his move to Denver, Kroenke lived in New York City. He and his sister, Whitney Kroenke Burditt, purchased a 1,735-square-foot condominium, with a 400-square-foot roof deck, a small balcony and views of the Empire State Building for $2.7 million in 2005.[13] They sold it in 2007 for $2.45 million—below both the initial listed price of $2.995 million and their final asking price of $2.55 million.[13]

He enjoys reading Harry Potter, watching Entourage, and having breakfast at McDonald's.[5]

References

1. Pepsi Center
2. https://www.elitchgardens.com/
3. Blevins, Jason (5 June 2015). "Elitch Gardens in Denver sold to local investment team led by Kroenke". The Denver Post. Retrieved 29 September 2017.
4. Get to know Josh – Nuggets, Avs president here to stay, Colorado Springs Gazette, June 8, 2013
5. Benjamin Hochman, Josh Kroenke building a legacy on his own, The Denver Post, April 17, 2011
6. Jeremy Wilson, Arsenal owner Stan Kroenke is in it for the long haul, says son and heir Josh, The Daily Telegraph, 01 Oct 2011
7. Walton Family Members' Fortune Climbs $8.7 Billion After Strong Quarter For Wal-Mart, Forbes, May 19, 2016
8. Patrick Hruby, I come to praise Larry ..., ESPN.com, 01 May 2003
9. Tom Witosky, Iowa State's Eustachy apologizes; future with school uncertain, USA Today, 01 May 2003
10. Associated Press, Embattled Eustachy resigns, Lawrence Journal-World, 06 May 2003
11. Aaron J. Lopez, Josh Kroenke provides a view from the president's office, NBA, 3-9-12
12. Nick Groke (December 5, 2013). "Josh Kroenke named to Arsenal's board of directors, joining Stan Kroenke with London's Gunners". The Denver Post.
13. Elizabeth A. Harris, Wal-Mart Heirs Sell Chelsea Condo, The New York Times, 10 August 2010