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Thread: Denver Broncos ask court to verify right of first refusal is void

  1. #1
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    Default Denver Broncos ask court to verify right of first refusal is void

    ENGLEWOOD, Colo. -- The parent companies of the Denver Broncos are asking a Denver County District Court judge to rule the former owner's estate no longer has the right of first refusal to any potential sale of the $3.5 billion franchise.

    The lawsuit comes in response to a May 2020 letter lawyers for PDB Sports Ltd. and Bowlen Sports Inc. received from ROFR Holdings in Vancouver suggesting it had the right to match any offer in the event the team is sold.

    The letter said former owner Edgar Kaiser had transferred his stake in the agreement with Bowlen to ROFR Holdings, a Vancouver corporation he started in 2005, seven years before his death.

    PDB Sports and Bowlen Sports responded by filing a lawsuit late Monday asking a judge to rule the pact from Kaiser's 1984 sale of his 60.8% stake to Bowlen is no longer valid because Kaiser died in 2012 and Bowlen died in 2019 following a long bout with Alzheimer's.
    rest - https://www.espn.com/nfl/story/_/id/...t-refusal-void

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    The Broncos are definitely going to the auction block.

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    just hope stan kroenke doesnt buy the team, you will be in London in 4 years

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    Quote Originally Posted by ShaneFalco View Post
    just hope stan kroenke doesnt buy the team, you will be in London in 4 years
    Another Kroenke team here would suck.


    Somehow we need Peyton, Elway and a bunch of other Rich mofos that know nothing about football to team up and buy this biotch.


    Or just let Blood of the City take over the clown show!
    The Plan at the moment:

    Draft: Trade a 3rd and 6th this year to a team to move up and get a 2nd next year (this will happen).

    Players I want:
    Jake Ferguson (Jake Butt) or Jelani Woods or Jeremy Ruckert or Cade Otten (owen daniels) at TE- All 4th rd or later.
    Troy Anderson LB 3rd/4th rd (yay Timmy!)
    Neil Farrell, JR DL- run stuffer- bye purcell

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    I believe it is against the rules for someone to own more than one team.

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    ROFR Holdings,
    Right Of First Refusal Holdings?....or maybe ROFL Holdings?
    I miss the old Mile High Stadium.

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    Right-of-first-refusal clause should have been voided up deaths of Pat Bowlen/Edgar Kaiser, lawyer says as trial opens

    article - https://www.denverpost.com/2021/09/2...-edgar-kaiser/

    Thanks to MasterShake for my great signature
    Rest in Peace - Demaryius (88) - Darrent (27) - Damien (29) - Kenny (11)
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    Quote Originally Posted by King87 View Post
    I believe it is against the rules for someone to own more than one team.
    Rules don’t apply to Trillionaires.
    "Tuning ... into each other ... lift all higher”
    “I’m just different!”

    Sign Garbage Minshew.

    Draft
    1st round— Cooper Dejean CB
    2nd round— Jack Sawyer OLB
    3rd round— Will Shipley RB
    4th round— Ricky Pearsall WR
    5th round— Ladd McKonkey WR
    6th round— Cash Jones RB
    7th round— Carson Steele RB

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    Quote Originally Posted by Denver Native (Carol) View Post
    Right-of-first-refusal clause should have been voided up deaths of Pat Bowlen/Edgar Kaiser, lawyer says as trial opens

    article - https://www.denverpost.com/2021/09/2...-edgar-kaiser/


    So is that good or bad? I have not been following the whole saga.


    I assume it is good, as we can now sell to whomever we wish?
    The Plan at the moment:

    Draft: Trade a 3rd and 6th this year to a team to move up and get a 2nd next year (this will happen).

    Players I want:
    Jake Ferguson (Jake Butt) or Jelani Woods or Jeremy Ruckert or Cade Otten (owen daniels) at TE- All 4th rd or later.
    Troy Anderson LB 3rd/4th rd (yay Timmy!)
    Neil Farrell, JR DL- run stuffer- bye purcell

  16. #10
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    Quote Originally Posted by Jaded View Post
    Rules don’t apply to Trillionaires.
    Incredibly true statement, but soooooo much less than Trillions or Billions. Its absurd.


    But then again Im King Kong what do I know
    The Plan at the moment:

    Draft: Trade a 3rd and 6th this year to a team to move up and get a 2nd next year (this will happen).

    Players I want:
    Jake Ferguson (Jake Butt) or Jelani Woods or Jeremy Ruckert or Cade Otten (owen daniels) at TE- All 4th rd or later.
    Troy Anderson LB 3rd/4th rd (yay Timmy!)
    Neil Farrell, JR DL- run stuffer- bye purcell

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  18. #11
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    Quote Originally Posted by Jaded View Post
    Rules don’t apply to Trillionaires.
    Well, this doesn't apply to either Bowlen or Kaiser. So maybe stay in your lane, Kiper Jr.
    Quote Originally Posted by Day1BroncoFan View Post
    I'm happier than tom brady in a gay bar....

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  20. #12
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    Quote Originally Posted by slim View Post
    Well, this doesn't apply to either Bowlen or Kaiser. So maybe stay in your lane, Kiper Jr.
    Don’t you come at me, bean counter! Put some spek on my name, nerd!
    "Tuning ... into each other ... lift all higher”
    “I’m just different!”

    Sign Garbage Minshew.

    Draft
    1st round— Cooper Dejean CB
    2nd round— Jack Sawyer OLB
    3rd round— Will Shipley RB
    4th round— Ricky Pearsall WR
    5th round— Ladd McKonkey WR
    6th round— Cash Jones RB
    7th round— Carson Steele RB

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    Mike Klis
    @mikeklis
    ·
    25m
    Kaiser estate attorney Jim Kilroy completed his 1 hour, 21 minute closing argument. Said BSI and Mr. Bowlen thru Pat Bowlen Trust still holds ROFR obligation even though Bowlen and Kaiser have died. #9sports

    Mike Klis
    @mikeklis
    ·
    1h
    Court saw two video clips of Edgar Kaiser deposition from July 10, 2001 of Elway 10% option ROFR trial. “This is not a happy sale,” Kaiser said he told Pat Bowlen during 1984 sale agreement. #9sports

    Mike Klis
    @mikeklis
    ·
    2h
    Right of first refusal trial pitting Broncos ownership vs Kaiser estate concludes today in Denver court (2 days earlier than scheduled). Dan Reilly, attorney for Broncos, just concluded his 1 hour, 17-minute closing argument. Kaiser attorney James Kilroy up next. #9sports

    Thanks to MasterShake for my great signature
    Rest in Peace - Demaryius (88) - Darrent (27) - Damien (29) - Kenny (11)
    #7 - JOHN - #44 - FLOYD - #80 - ROD
    THIS ONES FOR JOHN
    WOULD YOU RATHER WIN UGLY, OR LOSE PRETTY?

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    Mike Klis
    @mikeklis
    ·
    19m
    Judge Shelley Gilman upon ROFR trial conclusion: “This is a complicated case. A lot of layers.” Attorneys for Broncos ownership and Kaiser estate have til Nov. 8 to deliver their findings (recommendation). Judge Gilman then has 45-90 days to deliver ruling. #9sports

    Thanks to MasterShake for my great signature
    Rest in Peace - Demaryius (88) - Darrent (27) - Damien (29) - Kenny (11)
    #7 - JOHN - #44 - FLOYD - #80 - ROD
    THIS ONES FOR JOHN
    WOULD YOU RATHER WIN UGLY, OR LOSE PRETTY?

  24. #15

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    The ROF ghost that will never ever go away

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