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Thread: The Broncos haven’t named Pat Bowlen’s successor yet. But there is a blueprint to select the next owner.

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    Default The Broncos haven’t named Pat Bowlen’s successor yet. But there is a blueprint to select the next owner.

    Interesting article - within it -

    Tabbing the next owner of a multi-billion-dollar franchise is hardly a simple task and many of the details of how the Broncos plan to do so have remained secret out of respect for the Bowlen family and because the team is under no obligation to disclose such information.

    But roughly three years ago, a broad plan was penciled out to find the most capable among Bowlen’s seven children to succeed him as controlling owner and, if followed, whittles the list to two who are on track to be eligible to assume control.

    According to multiple NFL sources, the three trustees sent Bowlen’s children and wife Annabel a lengthy blueprint in February 2015 that included a list of requisites, in addition to a short list of responsibilities, for whomever will be the next controlling owner. The trustees informed Bowlen’s family that the bulleted items did not constitute a checklist and, if met, would not guarantee one would become controlling owner/CEO. The trustees would retain control, and any change in that structure would be at their discretion and require the approval of the league and 31 other NFL team owners.
    full article - https://www.denverpost.com/2018/01/1...rolling-owner/

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    So, for now, the Broncos remain a Bowlen team, placed in a trust he created and operated by Ellis. The trustees have penciled out a plan to help guide them to a Bowlen heir, but glaring “ifs” remain — if that criteria will be followed
    Uh... Writer is a dunderhead! Trust laws are exceptionally old and extremely well established. There's no IF's about those conditions being met. If they aren't it would lead to the trustees getting into some deep, deep yogurt. The only way those IF's aren't satisfied is IF the NFL forces a change in ownership.

    Otherwise a good article.



  4. #3

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    Quote Originally Posted by The Glue Factory View Post
    Uh... Writer is a dunderhead! Trust laws are exceptionally old and extremely well established. There's no IF's about those conditions being met. If they aren't it would lead to the trustees getting into some deep, deep yogurt. The only way those IF's aren't satisfied is IF the NFL forces a change in ownership.

    Otherwise a good article.
    C'mon man. You haven't read the Trust Agreement, nor have I. The conditions about ownership were imposed by the league not the Trust Agreement in any case. The conditions were imposed by the League in order to approve the continued ownership by the Trust rather than the League imposing a new owner on them.

    Probably no Owner really wants to force the team out of the Bowlen family, since that would present a bad precedent for their own franchises, unless there was a problem with the management of the team (profitability wise).

    The Trustees are in no danger of being accused of violating their fiduciary duties.

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