First and Orange · Feb 1, 2022
Broncos will announce today team is for sale, source says
A statue of Pat Bowlen in front of Mile High on Aug. 26, 2019, in Denver.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.
