June 8 2010, 10:12 AM
The Denver Nuggets are on track to net a new owner, although his face will look very familiar. Josh Kroenke---son of sports magnate Stan Kroenke and Wal-Mart heiress Ann Walton Kroenke---will likely take over ownership of the team from his father if the NBA approves the plan, reports The Denver Post. For his part, the elder Kroenke intends to take full control of European soccer juggernaut Arsenal, adding to his sports empire, which includes cable network Altitude. Very uncharacteristically, the notoriously media-shy Kroenke shipped a statement to the Post regarding the new ownership:
"Our son Josh has been involved with many of our organizations for several years and that family continuity remains a priority. My family looks forward to owning the Rams, Nuggets, and Avalanche for years to come while being compliant with all stipulations set by the NFL. Our family remains committed to fans in St. Louis and Denver."
Josh Kroenke has reportedly worked in the Nuggets' front office for several years in various capacities, and he completed an internship at the NBA league office, also working in several departments there. He played college basketball for the University of Missouri  (pictured), once competing in a 2003 game against Nuggets star Carmelo Anthony. Although Anthony came out on top in that meeting---with the game continuing to be a source of good-natured trash talk between the two---Anthony tells the Post, "As an owner, it'll take some time for him to learn everything. But eventually, I think he'll become a great owner."