The Denver Broncos have announced that seven-time Formula One world champion Lewis Hamilton has joined the team's ownership group.

The Broncos released a statement on Tuesday from Rob Walton on behalf of the Walton-Penner family ownership group, saying: "We're delighted to welcome seven-time Formula One world champion Sir Lewis Hamilton to our ownership group.

"He 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 considered the most successful F1 driver of all time. His resilient spirit and standard of excellence will be an asset to the ownership group and the Broncos organisation."

Hamilton's 103 race victories are the most in F1 history, and his seven titles are tied with Michael Schumacher for the most all-time. He is winless so far this season and sits in sixth place in the drivers' standings.

He wrote on his Twitter page: "Excited to join an incredible group of owners and become a part of the @Broncos story!!

"Honoured to work with a world class team and serve as an example of the value of more diverse leadership across all sports."

Excited to join an incredible group of owners and become a part of the @Broncos story!! Honoured to work with a world class team and serve as an example of the value of more diverse leadership across all sports. Roscoe already thinks he made
the team #LetsRide pic.twitter.com/TSLQdPM8Hz
— Lewis Hamilton (@LewisHamilton) August 2, 2022

Russell Wilson, the Broncos' new quarterback for the 2022 season, wrote: "Congrats @LewisHamilton. Winning is a Habit! #LetsRide"

An agreement was reached in June for the sale of the Broncos in a deal worth $4.65billion, a record for an American sports franchise. NFL owners are expected to approve the sale this month.

Ownership of the Broncos will be transferred to the Walton-Penner family ownership group, headed by Walmart heir Rob Walton.

It sets a new benchmark for the price of professional sports franchises in the United States by over $2billion, topping the purchase of the New York Mets ($2.4billion) by hedge fund manager Steve Cohen in 2020.