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filing a lawsuit late Monday asking a judge to rule the pact from Kaiser's 1984 sale of his 60.8% stake to Bowlen is no longer valid because Kaiser died in 2012 and Bowlen died in 2019 following a long bout with Alzheimer's.