Dan Reilly, who represents the trustees, and Giovanni Ruscitti, the lawyer for Bowlen Klemmer and Bowlen Wallace, each declined to remark. A spokesman for the group additionally declined to touch upon the case.
When requested whether or not the group could also be put up on the market, the Broncos supplied an announcement from Ellis.
“Concerning the way forward for the Denver Broncos’ group, our No. 1 precedence stays a well timed, accountable and orderly willpower of Broncos possession,” the assertion stated. “There are not any modifications with the operation of the group, which is totally centered on a profitable 2021 season.”
If the trustees elect to promote the group, the Broncos might fetch a report worth that surpasses the $2.2 billion paid for the Carolina Panthers in 2018. In keeping with Forbes, the Broncos are value $3.2 billion, the eleventh most useful N.F.L. franchise.
Underneath Bowlen’s stewardship from 1984 to 2014, the Broncos grew to become one of many league’s premier franchises, notching 19 seasons with a report above .500, 12 division titles and 7 Tremendous Bowl appearances. However since successful the Tremendous Bowl within the 2015 season, the group has had only one successful marketing campaign.
In January, John Elway, who as quarterback helped the Broncos win their first two Tremendous Bowls, stepped down as normal supervisor after a decade on the job.
N.F.L. groups change fingers occasionally and the league is by far essentially the most affluent within the nation, so curiosity within the Broncos would seemingly be robust. In Might, the league signed new broadcast contracts value greater than $100 billion, making certain the profitability of all groups for one more decade.