Ann Posted February 1, 2022 Share Posted February 1, 2022 Gonna be interesting to see how much they go for... Denver Broncos Officially For Sale: Bowlen Family Calls Ownership An ‘Incredible Ride’ The Denver Broncos are officially for sale. The Pat Bowlen Trust announced today the beginning of a sale process for the Denver Broncos — and the trustees hope to have the sale completed by the start of the 2022 NFL season. The Bowlen family issued a statement on social media on Tuesday, expressing their gratitude for their time with the team: </snip> This was inevitable after the district court ruling back in January. On 1/11/2022 at 7:01 PM, Ann said: Legal victory clears path for Broncos to be put up for saleIn Denver’s Second District Court, Judge Shelly Gilman ruled that the right of first refusal is terminated </snip> The last remaining hurdle for the Broncos to be put on the market was removed Tuesday in Denver’s Second District Court when Judge Shelly I. Gilman ruled late owner Edgar Kaiser’s right of first refusal provision was not transferrable. In a 41-page ruling, Gilman wrote, “the right of first refusal … between Edgar F. Kaiser, Jr. and Patrick D. Bowlen … is no longer valid or enforceable in any respect.” Translation: Broncos president/CEO Joe Ellis can lead the process to sell the team without interference from ROFR Holdings. </snip> It is unclear if ROFR Holdings will appeal the ruling. The Broncos are expected to command a record sale price for an American pro sports franchise. The current NFL record is $2.275 billion for the Carolina Panthers in 2018 when purchased by David Tepper. The Broncos could be sold for as much as $4 billion. </snip> Quote Link to comment Share on other sites More sharing options...
mead107 Posted February 1, 2022 Share Posted February 1, 2022 Wonder if they would accept meadcoins? 2 Quote Link to comment Share on other sites More sharing options...
snafu Posted February 1, 2022 Share Posted February 1, 2022 Maybe John Bon Jovi can try to move them to Toronto? 1 1 Quote Link to comment Share on other sites More sharing options...
Uncle Joe Posted February 1, 2022 Share Posted February 1, 2022 25 minutes ago, snafu said: Maybe John Bon Jovi can try to move them to Toronto? Is Dutch Harbor closer? 1 Quote Link to comment Share on other sites More sharing options...
snafu Posted February 1, 2022 Share Posted February 1, 2022 Just now, Uncle Joe said: Is Dutch Harbor closer? They can go to Thunder Bay for all I care. 1 Quote Link to comment Share on other sites More sharing options...
B-Man Posted February 1, 2022 Share Posted February 1, 2022 Obligatory........ 1 Quote Link to comment Share on other sites More sharing options...
Uncle Joe Posted February 1, 2022 Share Posted February 1, 2022 52 minutes ago, snafu said: They can go to Thunder Bay for all I care. I was thinking deadliest catch would have a nice ring to it 1 Quote Link to comment Share on other sites More sharing options...
Ann Posted February 3, 2022 Author Share Posted February 3, 2022 It will be very interesting to see the final purchase price. Could the Broncos really go for almost twice the Panthers 2018 selling price? And at $4B, is the days of single person ownership over? </snip> Thirty-eight years after Pat Bowlen and his two brothers and one sister bought a majority interest in the team for $78 million, the Broncos are expected to easily break the current record sale price of $2.35 billion for a U.S. professional sports team set by the NBA’s Brooklyn Nets. </snip> The record sale price for an NFL franchise is $2.275 billion for the Carolina Panthers. The Broncos’ final price could reach $4 billion. </snip> 1 Quote Link to comment Share on other sites More sharing options...
Ann Posted February 9, 2022 Author Share Posted February 9, 2022 ... His net worth is "only" $450M so it would have to be a group. 1 Quote Link to comment Share on other sites More sharing options...
Ann Posted March 9, 2022 Author Share Posted March 9, 2022 ... Quote Link to comment Share on other sites More sharing options...
Arm of Harm Posted March 9, 2022 Share Posted March 9, 2022 I went to a bank to ask about a $4 billion loan with which to buy the Broncos. They asked me about collateral. I pointed out that I only have a year left of payments on my pickup truck. The conversation kind of went downhill from there. 😞 2 Quote Link to comment Share on other sites More sharing options...
Seasons1992 Posted March 9, 2022 Share Posted March 9, 2022 10 hours ago, Arm of Harm said: I went to a bank to ask about a $4 billion loan with which to buy the Broncos. They asked me about collateral. I pointed out that I only have a year left of payments on my pickup truck. The conversation kind of went downhill from there. 😞 Marine Midland: "We can offer you $10k." @Arm of Harm "But Jim Kelly played here!" Marine Midland: *hangs up phone* Quote Link to comment Share on other sites More sharing options...
Spartacus Posted March 11, 2022 Share Posted March 11, 2022 On 3/9/2022 at 1:45 AM, Arm of Harm said: I went to a bank to ask about a $4 billion loan with which to buy the Broncos. They asked me about collateral. I pointed out that I only have a year left of payments on my pickup truck. The conversation kind of went downhill from there. 😞 should have offered them a 10% kickback courtesy of the Big Guy Quote Link to comment Share on other sites More sharing options...
Ann Posted April 2, 2022 Author Share Posted April 2, 2022 The Athletic (paid site) NFL wants capital behind Broncos bids early in process as record deal approaches </snip> The last time an NFL team hit the market, the process got bogged down with bidders who were scrambling behind the scenes to find investors to finance their bids. The 2018 sale of the Carolina Panthers only crossed the finish line because billionaire David Tepper stepped up with his bid of $2.275 billion, which was lower than the investor-heavy offers from Ben Navarro and Alan Kestenbaum The NFL wants to avoid a repeat of that paradigm with the sale of the Denver Broncos, informing the trust that is selling the team that preliminary offers need to be fully capitalized, according to a finance source. “That’s a big change from past sales,” the source said. </snip> 1 Quote Link to comment Share on other sites More sharing options...
Joe Posted April 3, 2022 Share Posted April 3, 2022 On 4/2/2022 at 12:45 PM, Ann said: The Athletic (paid site) NFL wants capital behind Broncos bids early in process as record deal approaches </snip> The last time an NFL team hit the market, the process got bogged down with bidders who were scrambling behind the scenes to find investors to finance their bids. The 2018 sale of the Carolina Panthers only crossed the finish line because billionaire David Tepper stepped up with his bid of $2.275 billion, which was lower than the investor-heavy offers from Ben Navarro and Alan Kestenbaum The NFL wants to avoid a repeat of that paradigm with the sale of the Denver Broncos, informing the trust that is selling the team that preliminary offers need to be fully capitalized, according to a finance source. “That’s a big change from past sales,” the source said. </snip> Can't have the poors knocking down the doors Quote Link to comment Share on other sites More sharing options...
Ann Posted April 9, 2022 Author Share Posted April 9, 2022 Walmart heir to bid for Broncos, dimming Robert F. Smith hopes: sources Walmart tycoon Rob Walton is poised to make a bid for the Denver Broncos — and is now the favorite to buy the team despite the NFL’s efforts to court Robert F. Smith, the nation’s richest African-American, The Post has learned. Walton — worth more than $70 billion, according to Forbes — is expected to submit a Broncos bid on Friday worth more than $4 billion — the highest price ever paid for a professional sports team, according to sources close to the situation. </snip> 1 1 Quote Link to comment Share on other sites More sharing options...
RochesterRob Posted April 9, 2022 Share Posted April 9, 2022 14 hours ago, Ann said: Walmart heir to bid for Broncos, dimming Robert F. Smith hopes: sources Walmart tycoon Rob Walton is poised to make a bid for the Denver Broncos — and is now the favorite to buy the team despite the NFL’s efforts to court Robert F. Smith, the nation’s richest African-American, The Post has learned. Walton — worth more than $70 billion, according to Forbes — is expected to submit a Broncos bid on Friday worth more than $4 billion — the highest price ever paid for a professional sports team, according to sources close to the situation. </snip> Normally, I am all for free enterprise but does not the Walton family have enough? Walton son-in-law Stan Krencke already owns the Rams. Does the Bronco's have cheap shoddy merchandise days in its future as a promotion? 1 Quote Link to comment Share on other sites More sharing options...
Spartacus Posted April 9, 2022 Share Posted April 9, 2022 On 4/3/2022 at 2:39 PM, Joe said: Can't have the poors knocking down the doors how can you have a legitimate offer if there is not enough money to close the deal for a billionarire's club, the process for buying a team sure seemed to be loosey goosey, wasting time on unfunded bids Quote Link to comment Share on other sites More sharing options...
Ann Posted April 9, 2022 Author Share Posted April 9, 2022 1 hour ago, RochesterRob said: Normally, I am all for free enterprise but does not the Walton family have enough? Walton son-in-law Stan Krencke already owns the Rams. Does the Bronco's have cheap shoddy merchandise days in its future as a promotion? $4B cash? The trust is going with Show Me the Money! The NFL would approve him in a second. 1 Quote Link to comment Share on other sites More sharing options...
KD in CA Posted April 9, 2022 Share Posted April 9, 2022 19 minutes ago, Ann said: $4B cash? The trust is going with Show Me the Money! The NFL would approve him in a second. There are only so many people who can write a $4B check. Russian oligarchs and Saudi princes aside, I can't imagine the NFL turning many of them away. 1 Quote Link to comment Share on other sites More sharing options...
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