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Coloradans That Could Afford to Buy the Denver Broncos
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Coloradans That Could Afford to Buy the Denver Broncos
Big news: the lawsuit regarding the Denver Broncos ownership has been dismissed. This lawsuit has been ongoing since the death of Pat Bowlen in 2019. The story about the dismissal of the lawsuit can be found HERE.
Even though we do not know the specifics of the agreement that was made in the lawsuit, we all cannot help but speculate as to whose hands the Denver Broncos may end up in.
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Forbes has estimated the Denver Broncos value to be approximately $3.2 billion as of September 2020. Whoever would want to hold the majority in ownership of the Denver Broncos would have to shell out $1.6 billion to hold a 51 percent stake in ownership.
It would be an understatement to say the Broncos’ ownership debacle has been a mess. Even calling it a “hot mess” seems too simplistic for its level of complicated developments and internal family feuds.
But despite a mile-high mountain’s worth of legal battles and family entanglements regarding the future ownership of the Denver Broncos since late owner Pat Bowlen officially relinquished power in 2012 (though didn’t make it public for two more years), some clarity appears to be emerging.
“Regarding the future of the Denver Broncos’ organization, our No. 1 priority remains a timely, responsible and orderly determination of ownership. There are no changes with the operation of the team.” - Joe Ellis to 9NEWS.