Football Elway wants to be part of Denver's new ownership team - Page 3

Misplaced_Chiefs_Fan · 01-17-2022, 07:10 PM

https://www.nfl.com/news/john-elway-...to-be-involved

Spoiler!

The Denver Broncos could be up for sale this spring. If that's the case, John Elway, the franchise's greatest player and a longtime Broncos executive, would like to be included in Denver's new ownership group.

"Who knows where that is and where that falls, but I do have interest in being a part of it," Elway told 9News' Mike Klis on Monday. "The Broncos have been in my life for 40 years, so I'd love to be a part of it. So it's a matter of seeing how everything plays out and what's going to happen. I'm sure there will be a lot of things going on, but I would definitely like to be involved."

A court ruling last week cleared the way for a potential transfer of Broncos ownership. Denver County District Court Judge Shelley I. Gilman ruled that a right of first refusal agreement between late owners Pat Bowlen and Edgar Kaiser was "no longer valid or enforceable in any respect" and "has terminated in its entirety."

The Broncos haven't had an acting owner since the late Pro Football Hall of Fame owner Bowlen turned over control in 2014 to longtime president/CEO Joe Ellis amid Bowlen's battle with Alzheimer's disease. Bowlen died in 2019. The franchise is believed to be worth around $4 billion.

Elway is as synonymous with the Broncos as any player has ever been with any franchise in NFL history. A nine-time Pro Bowler, league MVP and two-time Super Bowl champion with the Broncos, Elway first debuted under center for Denver in 1983 and never played for another team.

Elway has also worked in the Broncos front office since 2011 when he was hired as Denver's general manager and executive vice president of football operations. Under Elway's watch, the Broncos won the AFC West in five consecutive seasons and made two Super Bowl appearances, winning one title, but then missed the playoffs over their next five campaigns. Ahead of the 2021 season, Elway was reassigned as president of football operations and the Broncos hired George Paton as general manager.

Denver is also in the midst of a coaching search after Paton and Co. fired head coach Vic Fangio earlier this month after three seasons at the helm. Ellis has said the team plans "to make an announcement regarding ownership" shortly after the head coaching hire is made.

Change is afoot everywhere you look in Denver. Elway wants to be a part of the transition.

"It's been my life, so I'd like to stay involved,'' Elway said. "We'll see how everything goes but the bottom line is I think I can help the new owner. It should be their club. And it's the coaches, it's the players, and it's George's club. I want to be here in a support role with all the knowledge I have around the league so I can in that area. I don't want to overshadow an owner.''

rico · 01-18-2022, 12:45 AM

Broncos being owned by a horse. Makes sense.

BlackOp · 01-18-2022, 02:44 AM

Quote:

Originally Posted by Rain Man

It looks like there are around 700 billionaires in America. Not all of them will have $4 billion, of course. So maybe 350 or so?

However, I think we're overdue for the next phase of football team ownership, which is corporate. Given the returns on football teams, I would expect that companies like google or Nike or Johnson & Johnson are getting interested in ownership. They can easily afford teams.

That is when the NFL officially dies....the Google Giants of NY meet the Amazon Falcons of Georgia.

**HemiEd** · 01-18-2022, 05:51 AM

Quote:

Originally Posted by Pablo

I want this as well. I want him involved in any and everything

Exactly, especially drafting the QBs.

R Clark · 01-18-2022, 06:39 AM

Quote:

Originally Posted by BigRedChief

How many people have $4 billion to spend on a team plus have billions left to spend? 10-15 in the USA? How many of those care enough about football?

Supposedly 32 ? I have my doubts on a few of them

Mile High Mania · 01-18-2022, 09:44 AM

It will be interesting to see the composition of the various ownership groups... Elway should have some sort of a role going forward, but not leadership. I'm not convinced that Manning needs to carry that role either, hell I can't see him being content in that role and not out there in some media role making a bazillion dollars.

Elway the GM will not tarnish the legacy of Elway the player for me and most fans, with the exception of those that jumped on board in the last dozen years.

The Bowlen kids will regret letting this one slip away, sure they'll make a lot of coin, but they won't get something like this back.

Garcia Bronco · 01-18-2022, 10:29 AM

There is no Elway or Manning "ownership group". They don't exist. It's media hype.

**gblowfish** · 01-18-2022, 10:40 AM

Have another cocktail John...

Mile High Mania · 01-18-2022, 10:41 AM

Quote:

Originally Posted by Garcia Bronco

There is no Elway or Manning "ownership group". They don't exist. It's media hype.

I think both will be a 'part' of groups bidding... neither has the means to be a big player in a group.

**Rain Man** · 01-18-2022, 11:58 AM

Quote:

Originally Posted by BlackOp

That is when the NFL officially dies....the Google Giants of NY meet the Amazon Falcons of Georgia.

Yeah, I'm not saying it's a good thing, but I have a hard time believing that it won't be a thing. Does the NFL have rules against selling to a corporation? I'm actually kind of curious why it hasn't already happened.

Microsoft just bought Activision for $68 billion. Spending $4 billion on a team would be nothing for them. Heck, Ballmer bought the Seahawks without even putting it on a credit card.

**notorious** · 01-18-2022, 12:14 PM

Elways partners have been announced.

Johnnie Walker, Glen Livet, and William Lawson.

Chiefaholic · 01-18-2022, 12:23 PM

Quote:

Originally Posted by TEX

But let Elway still draft their QB's.

It almost seems deliberate so Mr. Ed will always be "The Best Dungver QB Ever". So many opportunities given, yet they flop time and time again.

Vladimir_Kyrilytch · 01-18-2022, 12:46 PM

Quote:

Originally Posted by Rain Man

Yeah, I'm not saying it's a good thing, but I have a hard time believing that it won't be a thing. Does the NFL have rules against selling to a corporation? I'm actually kind of curious why it hasn't already happened.

Microsoft just bought Activision for $68 billion. Spending $4 billion on a team would be nothing for them. Heck, Ballmer bought the Seahawks without even putting it on a credit card.

Disney owned the Angels from 1996 - 2002 so it isnt unprecedented. .But it's a hard sell to shareholders. You invest in Google or Microsoft for them to do tech related stuff. You want them putting 4 billion into the tech things they do and thrive at, not speculatively invest in totally unrelated industries they would have no core competency in and no experience in, etc. Disney didnt own the Angels for long.

Curé · 01-18-2022, 12:47 PM

Quote:

Originally Posted by BlackOp

That is when the NFL officially dies....the Google Giants of NY meet the Amazon Falcons of Georgia.

ford motor could buy the broncos. ford broncos.

dodge rams. dodge chargers. both conveniently in the same stadium.

amazon buys the chiefs and uses them to promote their tablet. fire chiefs.

general mills buys the giants and calls them the green giants. boeing buys the jets. boeing jets.

it's the future. it's so bright i gotta wear shades.

**Rain Man** · 01-18-2022, 12:54 PM

Quote:

Originally Posted by Vladimir_Kyrilytch

Disney owned the Angels from 1996 - 2002 so it isnt unprecedented. .But it's a hard sell to shareholders. You invest in Google or Microsoft for them to do tech related stuff. You want them putting 4 billion into the tech things they do and thrive at, not speculatively invest in totally unrelated industries they would have no core competency in and no experience in, etc. Disney didnt own the Angels for long.

Ah, interesting. I'd forgotten about the Disney thing.

I would kind of view a hockey team as being within Disney's mission, though. They're essentially in the entertainment business, and for a company that has theme parks, movie production, and streaming, I wouldn't view a hockey team as being too far afield. (However, naming the team the Mighty Ducks should have cost them the franchise, but that's a different discussion.)

For the same reason, I guess I could see corporate ownership as being too far afield for some companies where it's completely alien to their core strengths, but not others. If Microsoft just bought a gaming company, how much further down the road is a football team?

**Rain Man** · 01-18-2022, 12:57 PM

Quote:

Originally Posted by Curé

ford motor could buy the broncos. ford broncos.

dodge rams. dodge chargers. both conveniently in the same stadium.

amazon buys the chiefs and uses them to promote their tablet. fire chiefs.

general mills buys the giants and calls them the green giants. boeing buys the jets. boeing jets.

it's the future. it's so bright i gotta wear shades.

Man, you're right. The story writes itself.

Star-kist Dolphins.
Visa Bills.

Would the Catholic Church buy the Saints or the Cardinals?

01-17-2022, 07:10 PM
Misplaced_Chiefs_Fan I am Number Six Join Date: Aug 2000 Location: Columbia, MD, USA Casino cash: $1789000	Elway wants to be part of Denver's new ownership team https://www.nfl.com/news/john-elway-...to-be-involved Spoiler! The Denver Broncos could be up for sale this spring. If that's the case, John Elway, the franchise's greatest player and a longtime Broncos executive, would like to be included in Denver's new ownership group. "Who knows where that is and where that falls, but I do have interest in being a part of it," Elway told 9News' Mike Klis on Monday. "The Broncos have been in my life for 40 years, so I'd love to be a part of it. So it's a matter of seeing how everything plays out and what's going to happen. I'm sure there will be a lot of things going on, but I would definitely like to be involved." A court ruling last week cleared the way for a potential transfer of Broncos ownership. Denver County District Court Judge Shelley I. Gilman ruled that a right of first refusal agreement between late owners Pat Bowlen and Edgar Kaiser was "no longer valid or enforceable in any respect" and "has terminated in its entirety." The Broncos haven't had an acting owner since the late Pro Football Hall of Fame owner Bowlen turned over control in 2014 to longtime president/CEO Joe Ellis amid Bowlen's battle with Alzheimer's disease. Bowlen died in 2019. The franchise is believed to be worth around $4 billion. Elway is as synonymous with the Broncos as any player has ever been with any franchise in NFL history. A nine-time Pro Bowler, league MVP and two-time Super Bowl champion with the Broncos, Elway first debuted under center for Denver in 1983 and never played for another team. Elway has also worked in the Broncos front office since 2011 when he was hired as Denver's general manager and executive vice president of football operations. Under Elway's watch, the Broncos won the AFC West in five consecutive seasons and made two Super Bowl appearances, winning one title, but then missed the playoffs over their next five campaigns. Ahead of the 2021 season, Elway was reassigned as president of football operations and the Broncos hired George Paton as general manager. Denver is also in the midst of a coaching search after Paton and Co. fired head coach Vic Fangio earlier this month after three seasons at the helm. Ellis has said the team plans "to make an announcement regarding ownership" shortly after the head coaching hire is made. Change is afoot everywhere you look in Denver. Elway wants to be a part of the transition. "It's been my life, so I'd like to stay involved,'' Elway said. "We'll see how everything goes but the bottom line is I think I can help the new owner. It should be their club. And it's the coaches, it's the players, and it's George's club. I want to be here in a support role with all the knowledge I have around the league so I can in that area. I don't want to overshadow an owner.''
Posts: 6,569

01-18-2022, 09:44 AM	#35
Mile High Mania #triggering Join Date: Aug 2000 Location: Tejas Casino cash: $3547229	It will be interesting to see the composition of the various ownership groups... Elway should have some sort of a role going forward, but not leadership. I'm not convinced that Manning needs to carry that role either, hell I can't see him being content in that role and not out there in some media role making a bazillion dollars. Elway the GM will not tarnish the legacy of Elway the player for me and most fans, with the exception of those that jumped on board in the last dozen years. The Bowlen kids will regret letting this one slip away, sure they'll make a lot of coin, but they won't get something like this back. __________________
Posts: 30,328

01-18-2022, 10:29 AM	#36
Garcia Bronco No Keys, No Problem Join Date: Sep 2000 Location: Denver Casino cash: $5163136	There is no Elway or Manning "ownership group". They don't exist. It's media hype.
Posts: 30,921	1 0

01-18-2022, 10:40 AM	#37
gblowfish Be Kind To Your Pets Join Date: Jun 2002 Location: Glorious Independence, MO Casino cash: $17646178 VARSITY	Have another cocktail John...
Posts: 40,839	2 0

01-18-2022, 12:14 PM	#40
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $2785884	Elways partners have been announced. Johnnie Walker, Glen Livet, and William Lawson.
Posts: 83,479	1 0