Thread: John Bowlen, Broncos minority owner, agrees to sell portion of stake back to team

The Denver Broncos are staying in the Bowlen family for the foreseeable future.

Nearly five months after John Bowlen, the brother of Broncos majority owner Pat Bowlen, announced his intention to sell his non-voting minority interest in the team, he and the Broncos agreed that a portion of his stake would be sold back to the team.

“The Denver Broncos have reached an agreement to purchase a portion of minority owner John Bowlen’s share of the team, pending final approval from the NFL that is expected in the next few days,” the team said in a statement to The Denver Post.

“This transaction further consolidates Pat Bowlen’s majority, controlling ownership interest in the Broncos while keeping 100 percent of the team in the Bowlen family. The acquisition of this share is independent of Mr. Bowlen’s succession plan that is being administered by the Pat Bowlen Trust.

rest - https://www.denverpost.com/2018/03/2...ck-to-broncos/

This is good news I think.

The comments below the article are, um, a tad myopic.