The Denver Nuggets are owned by billionaire businessman, real estate developer, and sports tycoon Stan Kroenke through his holding company, Kroenke Sports & Entertainment. He purchased the franchise in July 2000, and day-to-day executive operations of the team are managed by his son, Josh Kroenke, who serves as the team president. For NFL cross-ownership compliance reasons involving the Los Angeles Rams, the team is formally listed under the ownership of his wife, Ann Walton Kroenke.