The Broncos are rumored to be in the process of finding a new owner at a record price
In the Mile High City, the offseason has been a time of transition. And, while it’s not official yet, the Denver Broncos appear to be on the verge of a new owner.
It is one of the American Football League’s initial eight franchises. Even though they got off to a rough start, the Denver Broncos have become one of the best teams in the league.
Only the Pittsburgh Steelers (495), Dallas Cowboys (471), New England Patriots (466), and Miami Dolphins (461) have won more regular-season games than the Broncos since the AFL-NFL merger in 1970. (456). After a string of Super Bowl losses, the club has since won three Lombardi Trophies.
Former Green Bay Packers offensive coordinator Nathaniel Hackett was named as the team’s new head coach this summer. But the team got even more attention when they traded for Russell Wilson, the Pro Bowl quarterback for the Seattle Seahawks.
However, while that news is undoubtedly significant, it may take a back seat to something that could become public very soon.
Nothing appears to be set in stone now. Quite the opposite, as Sports Business Journal’s Ben Fischer explained earlier today.
According to Business Insider’s Cork Gaines, the late Pat Bowlen and his family purchased the Broncos’ team from Edgar Kaiser and two minority shareholders for the now-affordable sum of $71 million in 1984.
These days, that seems virtually unthinkable. Of course, the Hall of Fame executive was a major contributor to the league’s expansion during the last three decades.
