Joe Ellis

Broncos Officially Up For Sale

February 1st, 2022 at 2:42pm CST by Adam La Rose

Today, it has been made official that the Denver Broncos are up for sale. While this has long been expected, the announcement confirms the beginning of the sale process, which could very well end up as the most lucrative in NFL – if not North American professional sports – history.

[Related: Broncos To Be Sold]

In a pair of tweets, the team relayed statements from president Joe Ellis and the Pat Bowlen family. The former notes that the franchise has retained Steve Greenberg as a financial advisor and Joe Leccese as legal advisor for the sale process, which the team hopes to have finished by the beginning of the 2022 season. It concludes: “The Broncos are a special franchise that is part of the fabric of this region and whoever emerges as the new owner will certainly understand what the team means to our great fans and this community”.

The latter, meanwhile, acknowledges the fanbase’s role in the team’s success during Bowlen’s tenure as owner and CEO: “our family is overwhelmed with gratitude for what this organization and community have meant to us. There are truly no words to express our deep appreciation to all of Broncos Country for its unwavering support during the past four decades”. It continues, “From the bottom of our hearts, thank you for this incredible ride. It has been the honor of our lifetime”.

As Ryan O’Halloran of the Denver Post details, this sale will be somewhat unique in that it is an auction, the proceeds of which will go from trustees to the beneficiaries (seven of Bowlen’s eight children). Again, that was already know prior to today, but it is part of the reason this sale is expected to be so lucrative. It is widely believed, and has been for quite some time, that the price will end up around the $4B mark, part of which may be covered by Broncos icon John Elway. That figure would easily break the NFL record for sale price, which was set in 2018 when David Tepper bought the Panthers for $2.275B. It would also eclipse the North American record of $2.35B, set by the Brooklyn Nets’ sale.

Latest On Bowlen Trust, Future Of Broncos Ownership

June 29th, 2021 at 8:05pm CST by Ben Levine

The trial between several of the children of late Broncos owner Pat Bowlen‘s is off, and it could ultimately result in a sale of the organization. The trial that was meant to clarify and finalize Bowlen’s estate (including future ownership of the Broncos ownership) has been vacated, according to Kevin Vaughan of 9News in Denver (via Twitter). Colleague Mike Klis confirmed the news.

To quickly review: following Pat Bowlen’s death, it was widely assumed that Brittany Bowlen would be the one of Bowlen’s seven children to take over ownership of the franchise. Brittany Bowlen seemingly had the support of the Pat Bowlen Trust, a group that includes Broncos CEO Joe Ellis. However, two of Pat’s daughters from an earlier marriage, Amie Klemmer and Beth Bowlen Wallace, filed a lawsuit challenging their father’s mental capacity to approve the Trust. The lawsuit specifically names Ellis, Broncos executive Rich Slivka, and attorney Mary Kelly as members of the Trust who influenced Pat Bowlen’s decision.

That brings us to the upcoming trial (set to begin in mid-July), which is now on pause. The decision to vacate the trial came after both sides filed a joint motion, per Vaughan, although there hasn’t been any word on a potential settlement. The decision to “stay proceedings” means the two sides have agreed to indefinitely stop the trial, while the decision to “vacate trial” effectively clears the schedules for the courts. In other words, while a settlement hasn’t been reported, a settlement was likely been reached.

How does this connect to the future of Broncos ownership? While the two sides will likely agree on a settlement, there’s a chance they still don’t see eye-to-eye when it comes to the organization, and a logical route would be to put the Broncos up for sale.Ellis had previously hinted that this was a potential path if the children couldn’t agree on the Trust.

“[I]t is an option, and we’ve told the beneficiaries that, because if Brittany [Bowlen] were to succeed and take over for her father, everybody else is going to have to sign off on that, most likely,” Ellis said (via Troy Renck of TheDenverChannel.com). “That may not be a requirement, but it’s going to be necessary, I think, moving forward from a trustee viewpoint. That’s why a sale remains a possibility I think — given the circumstances we’re in.”

Ryan O’Halloran of the Denver Post notes (on Twitter) that Beth Bowlen Wallace previously released a statement that said she and her sister would “walk away from trial if Broncos were put up for sale,” and the writer believes that’s what this current development will entail. Meanwhile, Mike Florio of ProFootballTalk.com tweets that if the Broncos indeed hit the market (or have already hit the market), rival owners expect the organization could be worth between $8B and $10B.

AFC West Notes: Broncos, Brown, Chiefs

November 18th, 2020 at 7:00pm CST by Sam Robinson

Broncos defensive coordinator Ed Donatell required hospitalization after contracting the coronavirus, according to the team. The second-year Denver DC was hospitalized last week but discharged Sunday, Mike Klis of 9News tweets. He remains away from the team, recovering at home. Donatell, 63, has been battling COVID-19 symptoms since Oct. 31 and has missed the past three games. Donatell, who is in his third stint with the franchise, one of a few Broncos staffers to have contracted the virus. Running backs coach Curtis Modkins did so in October, and offensive line coach Mike Munchak was in the team’s COVID protocol. GM John Elway and team president Joe Ellis tested positive for the virus. Elway announced he has recovered, while Ellis has been in quarantine for nearly three weeks and has yet to be cleared to return, Klis notes.

Here is the latest from the AFC West:

The NFL has expressed “serious concern” about the outbreak among Broncos staffers, according to CBS Sports’ Jason La Canfora. The league and the NFLPA have continued to stress the importance of non-players adhering to the evolving COVID-19 protocols, per JLC.
The Raiders have been the league’s chief culprits at violating the NFL’s coronavirus policies, and their latest issue — Clelin Ferrell‘s positive test causing half the team’s starting defense to land on the reserve/COVID-19 list — could conceivably prompt the NFL to move another Las Vegas Sunday-night tilt off of primetime. As of Wednesday evening, however, the league has no plans to change the start time for Week 11’s Raiders-Chiefs rematch, Adam Schefter of ESPN.com tweets. The NFL moved Week 7’s Buccaneers-Raiders game to a Sunday-afternoon window after Trent Brown‘s positive test caused Las Vegas’ starting O-line to miss a week’s worth of workouts.
Speaking of Brown, the mammoth right tackle remains on the Raiders’ COVID list. However, a hope exists Brown can receive clearance to resume workouts next week, Schefter tweets. Brown is naturally at higher risk of developing severe symptoms from the virus compared to most players, due to his weight (380 pounds), but he wants to play again this season. The Raiders have placed Brown on their virus list twice this year, the second time due to a pregame issue in Cleveland resulting in the 27-year-old blocker being hospitalized.
While Justin Simmons has not made an issue of his contract since he and the Broncos failed to come to an extension agreement in July, he would prefer to stay with the team, per the Denver Post’s Ryan O’Halloran. The floor for the standout safety will likely be $14MM per year on a long-term deal, with five safeties signing deals worth $14MM AAV or more since March 2019. Simmons has played every snap for the Broncos this season and ranks as Pro Football Focus’ fourth-highest-graded safety, a year after he landed second on PFF’s list. Citing the pandemic, Simmons said, via O’Halloran, he is grateful for his setup (an $11.4MM franchise tag salary). This comes after he expressed disappointment no deal emerged this summer. If the Broncos tag Simmons again, he would be entitled to a $13.7MM 2021 salary.
Former Simmons secondary mate Chris Harris will return to action soon. The Chargers designated the All-Decade cornerback to return from IR on Wednesday. The team has three weeks to activate him. Harris, who signed a two-year deal worth $17.5MM in March, has been out since Week 2 because of a foot injury.

Broncos GM John Elway Tests Positive For COVID-19

November 3rd, 2020 at 11:41am CST by Zachary Links

Broncos GM John Elway and CEO Joe Ellis have tested positive for COVID-19, as NFL.com’s Ian Rapoport tweets. Both execs believe they contracted the virus outside of the team facility and they’ll now stay away from the building, per protocols. The Broncos have since confirmed the news via press release:

“[Ellis and Elway ]were informed this morning they tested positive for COVID-19. After not feeling 100 percent on Sunday morning, Joe promptly reported his symptoms to our medical team and watched Sunday’s game at home as a precaution. He continued to work from home on Monday before receiving a positive test result this morning.

John immediately left UCHealth Training Center on Monday morning after experiencing minor symptoms that he quickly brought to the attention of our medical staff. Other than mild symptoms, both Joe and John are doing well. They will continue to work from home in self-isolation and participate in virtual meetings while their health is monitored.

“Based on a review of contact tracing data with the league, we are confident these cases originated independently outside team facilities. There were minimal close contacts identified for each (no players or coaches), and those individuals have been notified.”

The Broncos have had a few recent cases, including defensive coordinator Ed Donatell and offensive line coach Mike Munchak. Right guard Graham Glasgow also tested positive on Thursday. So far, contact tracing has indicated that the coronavirus has not spread any further in the organization.

Elway wasn’t in attendance for the Broncos’ 31-30 win over the Chargers, and he won’t be on hand as they prepare for the Falcons this week. Elway can still work the phones between now and 4pm ET/3pm CT to explore potential trades, but the 3-4 Broncos aren’t expected to make any major moves.

Broncos Ownership Lawsuit Dismissed

August 29th, 2019 at 3:35pm CST by Zachary Links

Bill Bowlen‘s lawsuit attempting to remove Broncos CEO Joe Ellis and his fellow trustees from the Pat Bowlen trust has been dismissed in its entirety, per Adam Schefter of ESPN.com (on Twitter). This resolution paves the way for Pat Bowlen’s ownership succession plans to go into effect.

As those who have been following this situation know by now, Broncos owner Pat Bowlen, who passed away in June, ceded control of the club to three trustees during his battle with Alzheimer’s, and the trustees were vested with the power to transfer the team to one of Pat Bowlen’s seven children — when the time is right, and assuming at least one child satisfies his requirements for ownership — or to sell the team if the trustees believe doing so is in the club’s best interest.

For some time now, it has appeared that 29-year-old Brittany Bowlen is the favorite to ultimately take the reins. But not long after her status as the frontrunner became clear, Beth Bowlen Wallace went public with her desire to own the Broncos, though Ellis said the trust believed Bowlen Wallace was not qualified for ownership.

Bill Bowlen, Pat Bowlen’s brother, then filed his suit to remove the trustees, and as Mike Florio of Pro Football Talk notes, the Broncos believe that Bill Bowlen was acting on behalf of Bowlen Wallace and another sister, Amie Klemmer.

Florio, in confirming Schefter’s report, also says the battle is not quite over. After Bill Bowlen filed the suit, the Broncos initiated an arbitration proceeding under the theory that the matter falls within the NFL’s purview. Bill Bowlen had resisted arbitration since filing suit, but now it is his last hope.

The Broncos, though, believe that they will prevail in arbitration, and Florio says they’re probably right. So for right now, it seems as if Brittany Bowlen will, sooner or later, become the team’s controlling owner.

Rory Parks contributed to this post.

Mike Shanahan Not Option For Broncos HC?

December 17th, 2018 at 7:36pm CST by Sam Robinson

The NFL news cycle had not seen Mike Shanahan-Broncos overlap in many years, but Monday brought that, with a report indicating the two-time Super Bowl-winning head coach was a consideration for the Broncos late last year.

With the Broncos likely set to have a coaching vacancy soon, Shanahan would conceivably be in play for a Broncos reunion this time around. But that does not appear to be the case. The 66-year-old coach will not be among the candidates considered if/when the Broncos fire Vance Joseph, Mike Klis of 9News reports.

John Elway‘s hesitance in giving Joseph his second season was partially Shanahan-related, but Broncos president Joe Ellis was less on-board than the GM, ultimately nixing the idea. However, the talks for Shanahan to reclaim his post as Broncos HC did not go too far, with The Athletic’s Nicki Jhabvala reporting (subscription required) Ellis did not directly refute the idea of Shanahan 2.0. The Elway-Ellis talks regarding Shanahan were not especially formal, Jhabvala notes, adding no offer or deal framework was discussed.

This news called into question who was making the final football decisions in Denver, but Jhabvala notes the GM, and not Ellis, is still the point man on football operations. Ellis did give Elway the go-ahead to fire Joseph after last season if he so chose, but that a thorough coaching search be conducted rather than rehiring Shanahan. That said, Ellis did not want Shanahan to be part of the search. And it appears that stance remains.

The Broncos fired Shanahan after 14 seasons in 2008. He has not coached since his Redskins tenure ended after the 2013 campaign. Part of this Shanahan-return talk involved Kirk Cousins, with Woody Paige of the Colorado Springs Gazette reporting Shanahan and his former pupil met during the offseason, Cousins indicating he would follow Shanahan to Denver at a reduced rate. However, Jhabvala refutes this, writing Cousins did not meet with Shanahan nor discuss a discount Broncos setup.

Denver then went with Case Keenum for Joseph’s second year, and while the results have been better than they were in 2017, injuries and some maligned in-game coaching decisions have weakened this year’s team. Joseph, who met with Elway on Monday about the Shanahan reports, is 11-19 in two years. Joseph will not be fired before the season ends, Klis adds.

Latest On Broncos Ownership Situation

November 24th, 2018 at 6:53pm CST by Andrew Ortenberg

The drama surrounding ownership of the Broncos continues to escalate. Last month we broke down the latest in the situation, and it’s taken several new turns since then. Owner Pat Bowlen has been unable to manage the team for a while now as he suffers from Alzheimer’s, and last month his brother Bill Bowlen filed a lawsuit against the trust that controls the team, seeking to have the trust dissolved. Now the trust, which has placed CEO Joe Ellis in charge for the past few years, is responding by filing a motion asking that the case be moved to an arbitration process to be ruled on by the NFL, according to Troy Renck of TheDenverChannel.com.

There’s been a battle brewing within the Bowlen family for a while now, but it had been playing out mostly behind the scenes until recently, when it spilled out into the press. A few months back one of Pat’s daughters, Beth Bowlen Wallace, went public with her desire to eventually take control of the team. The trust, which was set up to eventually decide who would take over the team as Pat’s health declined, pushed back on Wallace’s statements, and has said they don’t believe she is ready to run the team. Another one of Pat’s daughters, the 28-year-old Brittany Bowlen, has also confirmed she wants to own the Broncos and she is reportedly the preferred candidate of team and league executives.

The trust, and Ellis, have been accused of dragging their feet intentionally in order to keep themselves in power, a claim they’ve strongly denied. The lawsuit alleges just that, and Bill also claims that his brother was incapacitated at the time the trust was created in 2009 and that it should be deemed invalid.

The trust’s motion includes an affidavit from one of Pat Bowlen’s lawyers at the time, Richard Robinson, who writes that Pat “understood his affairs including Broncos’ succession plan” in 2009, according to Mike Klis of 9News (Twitter link). Klis writes that Robinson will be the “star” witness in the case, because the “crux of Bill Bowlen’s lawsuit is [Pat] was incapacitated in 2006.”

Renck writes that Bill’s legal team now has 21 days to respond to the motion to move this to NFL arbitration, so we should have more updates soon. Bill will almost certainly oppose the move, as the league office is unlikely to be sympathetic to his arguments in arbitration. Bill and Beth Bowlen Wallace have the same attorneys, and are working together to gain control of the team. It’s a very complex and tangled situation, and it’s anyone’s guess what will end up happening with the team. Ellis has been in control since July of 2014, and there’s no end in sight to the saga.

Latest On Broncos Ownership Situation

October 26th, 2018 at 4:55pm CST by Andrew Ortenberg

The ownership of the Broncos has been a hotly contested issue for years now, and it appears the fighting between various members of the Bowlen family might finally be reaching a boiling point. Owner Pat Bowlen has been unable to manage the team for a while now as he suffers from Alzheimer’s, and now Pat’s younger brother Bill Bowlen is suing the trust in charge of the team, according to Ryan O’Halloran of the Denver Post.

The team had been placed into the trust, led by Broncos CEO Joe Ellis, which has been taking a very slow years-long approach to crowning a new controlling owner, in July of 2014. The battle within the family had been playing out mostly behind the scenes until recently, when it spilled out into the press. Just last week Bowlen’s 28-year-old daughter, Brittany Bowlen, confirmed her long-rumored desire to eventually take over the team. Some league executives and members of the Broncos organization are reportedly most bullish on her prospects as a future owner.

A different one of Bowlen’s daughters Beth Bowlen Wallace, 47, came out a few months ago and criticized Ellis for dragging his feet and said she wanted control of the team. Ellis responded by saying “we have determined that she is not capable or qualified at this time” in regard to Beth. Now Bill is suing the trust, asking the court to remove Ellis and the other members of the trust “due to their failure to uphold Pat Bowlen’s wishes and act in the best interest of Pat Bowlen, his family and the Broncos”, according to O’Halloran.

Troy Renck of Denver 7 tweets “Bill Bowlen has not had stake in Broncos for years” after selling his shares to Pat back in 2002 and writes that he doesn’t “see how he would have any enforceable right in this matter.” Renck also tweeted out the official response from the trust, which states that Bill is working with the same lawyers as Beth Bowlen Wallace. It appears as if Beth and Bill are working together to try and acquire control of the team before it is handed over to Brittany, who seems to be the most likely and preferred successor at this point.

It’s a messy situation, and one that has had a ripple effect in the front office. It’s thrown the team into limbo, and has contributed greatly to the job security of GM John Elway, as no one really has the authority to fire him currently. We should know more about the lawsuit soon, and it will be a very interesting story to watch play out.

Beth Bowlen Wallace Responds To Joe Ellis’ Remarks

June 3rd, 2018 at 9:00am CST by Rory Parks

On Thursday, Beth Bowlen Wallace, one of Pat Bowlen‘s seven children, went public with her desire to become the controlling owner of the Broncos when it comes time for the Pat Bowlen Trust to sign over that role. She said, “I have completed the criteria laid out by the trustees, so I felt it was a good time to come out and express my interest and desire to be a part of the organization again.”

Bowlen, the beloved former owner of the Broncos, ceded control of the franchise to the Trust in 2014 due to his ongoing battle with Alzheimer’s disease. The Trust, which is comprised of team president Joe Ellis, team counsel Rich Sliva, and Denver attorney Mary Kelly, is currently handling day-to-day operations, and one of its primary functions is to facilitate the equal transfer of ownership to each of Bowlen’s seven children (from two different marriages) when Bowlen passes away. However, only one of those children will serve as controlling owner, and Ellis has full authority to sell the team to an outside party if such a sale is in the best interest of the children and the team. As such, Ellis is holding all the cards, and as Mark Kiszla of the Denver Post pointed out, he has the full support of the league, as the NFL granted a five-year extension to Ellis as controlling owner delegee in 2017.

So, when Wallace made her wishes known, Ellis was quick to respond, saying, “As trustees honoring the clear wishes of Pat, we have thoroughly evaluated whether Beth is capable of succeeding her father as controlling owner. We have determined that she is not capable or qualified at this time.”

The Trust has a list of criteria to help determine who the next controlling owner will be, and back in January, we learned that only Wallace, 47, and Brittany Bowlen, 28, were the only two Bowlen children who were technically on track to meet those criteria.

Ellis, though, clearly feels that Wallace is not a viable candidate for the job, and Kiszla noted that her efforts to create a public “showdown” with the trustees felt like something of a Hail Mary, especially in light of the fact that Brittany Bowlen has been seen as the frontrunner for some time. In fact, longtime Denver Post columnist Woody Paige says that Brittany Bowlen was the only child that Pat Bowlen ever mentioned as a potential successor (Twitter link via Troy Renck of Denver7 ABC).

But Wallace is not going down without a fight. As Ryan O’Halloran of the Denver Post writes, Wallace responded to Ellis’ comments by saying, “I am disappointed and disagree with the inaccurate comments made by the trustees. While I can certainly respond to each of those statements, I don’t believe that will be productive. I want to do what is in the best interests of my family, the team and Denver fans. I care deeply for my entire family and I would never do anything to create divisiveness in the family. It remains my sincere hope that I, together with my advisers, can sit down with the trustees and their advisors to resolve this situation. The fans and league deserve this, and we have repeatedly offered to meet with the trustees to accomplish this objective. Therefore, I will not respond to their inaccurate statements at this time.”

After Wallace went public, Broncos GM John Elway addressed the situation by reaffirming his faith in, and support of, Ellis. Brittany Bowlen, meanwhile, has not offered any public comment as of yet, which is probably just as well for her.

Until just a couple of days ago, it looked as if there was little controversy surrounding how the Broncos are being run. Now, though, there is a chance this could get ugly, and as Kiszla notes, another disappointing season on the field in 2018 will only amplify the questions and concerns about fissures in the Bowlen family business.

Beth Bowlen “Not Qualified” To Be Broncos Controlling Owner

May 31st, 2018 at 9:00pm CST by Micah Powell

Beth Bowlen, the second-oldest child of former Broncos owner Pat Bowlen, has informed Broncos ownership that she is interested in taking over as controlling owner of the team. However, The Pat Bowlen Trust, set up following the owner’s retirement in 2014 from Alzheimer’s disease, told the younger Bowlen that she is not qualified for the position, Nicki Jhabvala writes in an in-depth piece for The Athletic.

“I have completed the criteria laid out by the trustees, so I felt it was a good time to come out and express my interest and desire to be a part of the organization again,” Bowlen told The Athletic.

Trust member and team president/CEO Joe Ellis released a more in-depth statement, which said that Beth Bowlen was not in the original leadership plans set out by Pat before his retirement.

“Pat did not designate Beth as a trustee or appoint her to a leadership position, nor did he instruct the trustees to specifically mentor her. He made it clear that his children were not automatically entitled to a role with the team and that they would have to earn that opportunity through their accomplishments, qualifications and character.

“As trustees honoring the clear wishes of Pat, we have thoroughly evaluated whether Beth is capable of succeeding her father as controlling owner. We have determined that she is not capable or qualified at this time.”

Among the qualifications set aside for the successor, Jhabvala mentions “A bachelor’s degree paired with an MBA, J.D. or other advanced business-related degree was one. So was at least five years of “senior management experience” with the NFL, the Broncos or the Stadium Manage Company (SMC), the organization that runs the team’s stadium in Denver.”

Ellis also mentioned that Beth Bowlen has declined to meet with the trust for the last two years to discuss her qualifications. She has reportedly given the trust her succession plan which would include a mentorship program with the team’s front office before growing to include each of the other six Bowlen children.

The trust was formed more than a decade before the owner’s diagnosis and includes, along with Ellis, team counsel Rich Slivka and Denver attorney Mary Kelly. Ellis represents the team at league functions.

The plan is still for a member of the Bowlen Family, which has owned the Broncos since 1984, to take over the reins. Brittany Bowlen, 28, considered by many the frontrunner for the job, has yet to comment on the new situation, as 9 News’ Mike Klis tweets. Jhabvala notes a quote from Ellis in 2016, “When a child emerges that has the capability and has earned the right to have that job and take over their father’s chair, the three trustees will determine that.

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