The Denver Broncos have been in a state of limbo since late owner Pat Bowlen passed away in June 2019. With no living owner to run the club, the Broncos have been managed by the Pat Bowlen Trust, which includes CEO of the team, joe ellis, among two others: vice president and general counsel rich slivka and attorney mary kelly.
It was Bowlen’s wish, as stipulated in the trust, that the Broncos remain in his family to be operated by his sons, with the goal, ostensibly, that one, through a thorough qualification process, would take property as a leading man or woman tip. that’s where, unfortunately, things got worse.
Reading: Denver broncos owner pat bowlen
pat’s sons have not been able to unanimously endorse one of the bowlens who is asserting himself as the face of the franchise. The trust, led by Ellis, long ago turned to Brittany Bowlen, who has served as v.p. of the broncos of strategic initiatives in the last two years.
Meanwhile, Pat’s two daughters from his first marriage, Beth Bowlen Wallace and Aimee Klemmer, have publicly challenged the trust’s control over the succession of team ownership and have claimed through litigation that the trust itself was run while her father was suffering from the ravages of alzheimer’s disease, and therefore must be disbanded.
pat’s two oldest daughters sued the trust and the lawsuit will go to trial on july 12 in arapahoe county district court. however, a new development has occurred that could hint that a settlement has been reached between bowlen wallace and klemmer and the trust.
according to ryan o’halloran of the denver post, judge john e. scipione and idle.
In a letter mailed to the Denver Post Tuesday night, Scipione signed a “Joint Motion to Stay Proceedings and Mistrial.”
scipione granted the motion before lead attorneys dan reilly (trustees) and giovanni ruscitti (bowen sisters).
what does this mean? the best guess is that the parties are close to reaching an agreement or have already reached an agreement.
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what does it mean
if the two sides are truly “on the cusp” of a deal, resolution of said deal could mean the broncos will be sold to a new owner or, much less likely, pat’s two oldest daughters could be doing queue to support brittany bowlen, keeping the club in the family.
the feeling, however, and especially after bowlen wallace’s statement to denver7’s troy renck last december, in which he lamented the team’s recent losing streak and affirmed his desire for a “transition of team ownership”. denver broncos”, is that any agreement between these two parties implies a future sale of the team.
“It is our hope that the current leadership agrees that this is what is best for the Denver Broncos, and more importantly, it is what is best for our incredibly loyal fans, my father’s legacy, and the bowlen family,” bowlen wallace said. completed statement.
According to denver area real estate attorney and partner at the gendelman-klimas law firm, the nfl could be putting pressure on the two sides to come to terms and find a solution outside of public scrutiny, even if that means sell the broncos. The NFL has been very patient during the Broncos’ lack of ownership and the Bowlen family drama.
“with a high-value, high-profile case like this, (there could be) that pressure from the nfl on trustees to settle claims out of court so no one knows the inner workings of the property or team” , Klimas told the Denver Post. “And two weeks into the trial, that pressure may have been mounting.”
Time will tell exactly how this plays out, but after the trial was delayed nearly a year due to the pandemic, it looks like this odyssey is coming to an end. Broncos fans should prepare for the possibility of the team being sold to a new owner in the not-too-distant future, as Ellis himself said in January that he doesn’t expect him to remain the team’s chief executive in the spring of 2022. .
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