The Broncos and the Pat Bowlen Trust will announce Tuesday that the team is for sale, according to a sports industry source, kick-starting a process expected to set a record price for a U.S. professional sports franchise.
The process could have a timetable of at least six months, according to a source, which could ideally put a new owner in place by the start of the 2022 regular season.
The trustees — president/CEO Joe Ellis, team counsel Rich Slivka and local attorney Mary Kelly — will hire an outside firm to handle the vetting of potential buyers and do background checks on the finances of interested parties.