The Denver Broncos Are in the Middle of a Nasty Family Argument Over Ownership – Sportscasting
Posted: August 6, 2020 at 3:56 am
Its always sad when somebody passes away, but things can get contentious for the deceaseds family when it comes to figuring out what happens with the estate when the person dies. That is especially true in the case of businessmen who own successful businesses and NFL teams are often among the most successful businesses around.
When longtime Denver Broncos owner Pat Bowlen passed away 2019, it kicked off a family feud that saw his survivors fighting over who would get control of the football franchise. And the leadership struggle turned ugly, tearing the family apart.
Bowlen bought the Denver Broncos in 1984, and he served as the teams CEO until stepping down in 2014, when his mental capacity became compromised with the onset and progression of Alzheimers disease.
The team won three Super Bowls under his ownership and found much success with having long runs of consistency, with the likes of QB John Elway and head coach Mike Shanahan sticking with the team for long tenures, and then signing QB Peyton Manning as a free agent late in his career to get the franchises third Lombardi Trophy.
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Bowlen fathered many children, as reported by The Athletic. He had two daughters with his first wife, Sally, and with his second wife and widow, Annabelle, he had five more children.
When he stepped down from the Broncos, Bowlens ownership stake in the team about 77% was put into a trust overseen by three non-family members. When Anabelle passes away, Bowlens interest in the Broncos will be passed down to his seven children by marriage, with each receiving an equal share.
But Bowlen also has an eighth child, daughter Alexandra, who was born out of wedlock in 1988. Some older members of Bowlens knew he had an eighth child, but his younger children found out about her two months after his funeral. That led to questions about whether she was looking to join the battle for control of the team.
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Bowlens trust doesnt detail a clear line of succession for control of the Denver Broncos, which has led to hostility and multiple lawsuits in the battle over control. Bowlen hoped one of his children would emerge as the best candidate to take over principal ownership, but seven years into the search for a successor no one has been named yet and it doesnt seem like the trustees are close to picking the new controlling owner.
That has caused some people to speculate the trustees are intentionally dragging out the process to keep themselves in charge; they deny that claim. Team president and CEO, Joe Ellis, who is also one of the trustees and controlling owner delegee, has admitted that the situation looks messy. He says that the trustees are going to follow Pats plan, no one elses, saying that he knows exactly what Bowlen told him.
One of Bowlens sons, former college defensive back Johnny, worked in marketing for the team until being put on indefinite leave in 2015 after being arrested for domestic violence. He has said in the past that his father told him hed be the one to take over the team when the time came.
Johnny said that made a ton of sense because hes the most qualified and the most well-trained to take over. He claims to have all of the credentials other (than) this silly senior management job, and he expressed frustration with not getting to do what his dad wanted him to.
Johnny also says he hopes someone will at least let him try, which does not appear to be on the verge of happening.
Continued here:
The Denver Broncos Are in the Middle of a Nasty Family Argument Over Ownership - Sportscasting
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