Thirty-eight years after an unknown Canadian attorney named Pat Bowlen bought a majority interest of the Broncos from Edgar Kaiser for more than $70 million, the next owner of the team could pay upward of $4 billion for the region’s most popular professional sports franchise.
The final barrier to the sale process beginning for the Broncos was cleared Tuesday in Denver’s Second District Court when a judge ruled that ROFR Holdings, created by Kaiser in 2005, did not have a valid right-of-first-refusal claim to buy the franchise.
Broncos president/CEO Joe Ellis said he will announce transition-of-ownership plans after the team has hired a new head coach.