How Much Were the Denver Broncos Sold For

The Denver Broncos, one of the most successful and beloved American football teams, have always been a subject of interest and curiosity for sports enthusiasts. While it is widely known that the ownership of sports franchises often changes hands, the sale of the Broncos is particularly intriguing. In this article, we will delve into the details of the Denver Broncos’ sale, answering some of the most common questions surrounding the transaction.

When were the Denver Broncos sold?

The Denver Broncos were officially sold on July 2, 1984, in a notable transaction that attracted significant attention both locally and nationally.

How much were the Denver Broncos sold for?

The franchise was purchased by Canadian businessman Edgar Kaiser Jr. for a sum of $78 million. At the time, this sale was one of the largest in the history of professional sports.

Who did Edgar Kaiser Jr. buy the Broncos from?

Kaiser Jr. acquired the Broncos from previous owner Gerald Phipps. The Phipps family had been the majority owners of the franchise since 1961 when their late father, Allen Phipps, bought a minority stake.

Did the Denver Broncos’ sale lead to significant changes within the franchise?

Under the new ownership, the Broncos experienced a transitional period. After the sale, Edgar Kaiser Jr. immediately named John Beake as the team’s president, replacing the highly respected Joe Ellis. However, Beake’s tenure was short-lived, as he was dismissed by Kaiser Jr. just over two years later. Subsequently, another significant change occurred when Kaiser Jr. sold the franchise to the current owner, Pat Bowlen.

Who is Pat Bowlen?

Pat Bowlen, a Canadian-born lawyer turned businessman, acquired the Denver Broncos from Edgar Kaiser Jr. in March 1984, merely eight months after Kaiser’s purchase. Bowlen would go on to become one of the most iconic owners in the history of the National Football League (NFL).

How much did Pat Bowlen pay for the Denver Broncos?

Pat Bowlen acquired the franchise from Edgar Kaiser Jr. for the sum of $71 million, making him the majority owner of the Broncos.

How long did Pat Bowlen own the Broncos?

Pat Bowlen owned the Denver Broncos for over three decades, leading the team to unprecedented success and transforming them into one of the league’s elite franchises. In June 2019, the Bowlen family announced that Pat Bowlen had Alzheimer’s disease, and the ownership of the team began transitioning to the Bowlen family trust.

How much are the Denver Broncos worth today?

Since the sale of the franchise to Pat Bowlen in 1984, the value of the Denver Broncos has significantly increased. According to Forbes’ 2021 estimates, the team is currently valued at approximately $3.2 billion, a testament to its consistent on-field success and strong fan base.

The sale of the Denver Broncos has undoubtedly left an indelible mark on the history of the team and the NFL as a whole. From the initial purchase by Edgar Kaiser Jr. to the transformative ownership of Pat Bowlen, the Broncos have consistently enjoyed a passionate and supportive fan base. As the franchise continues to thrive under the management of the Bowlen family trust, the Denver Broncos’ impact on the world of sports remains significant.