USAT: Broncos Wire audio clip

USAT: Broncos Wire

Jan 17, 2022

The Denver Broncos are expected to hit the market this offseason, and the people currently running the team might not have much say on who becomes the next owner. The Pat Bowlen Trust — Joe Ellis, Rich Slivka and Mark Kelly — “have a fiduciary duty to the beneficiaries to get the highest possible price, pending NFL approval,” according to KUSA-TV’s Mike Klis. The trust has been running the team since Bowlen stepped down to battle Alzheimer’s in 2014, five years before his death. The trust is now expected to have an auction-style sale to award the team to the highest bidder. Such a sale would be good news for Bowlen’s beneficiaries — his seven children (who each own 11.14%) and his brother John (22%). It might not necessarily put the team in the best possible hands, though. But as Klis noted, the league’s 31 ownership groups would have to approve of Denver’s new owner, so there is a possible scenario in which the highest bidder could fail to buy the team if NFL owners do not approve. For now, the Broncos remain focused on hiring a new coach. After that, they will make an announcement regarding the ownership situation. List 8 potential candidates to buy the Broncos if the team is sold Follow the Broncos Wire Podcast: Apple Podcasts | Spotify | Google Podcasts List Broncos' 2022 schedule of opponents now known Email Sign up Like this article? Sign up for the Broncos Wire email newsletter to get our top stories in your inbox every morning An error has occured Please re-enter your email address. Thanks for signing up! You'll now receive the top Broncos Wire stories each day directly in your inbox.

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