The Denver Broncos are staying in the Bowlen family after the team announced an agreement to buy back a portion of John Bowlen's minority stake in the franchise.
The brother of majority owner Pat Bowlen announced his intention late last year to sell his non-voting interest in the team. His share of the team http://www.dallascowboysteamonline.com/sean-lee-jersey , which Forbes magazine values at $2.6 billion, is believed to be about 33 percent.
The Broncos didn't say how much of John Bowlen's share was bought back nor did they reveal the purchase price.
They said they're expecting approval of the transaction from the NFL "in the next few days."
"This transaction further consolidates Pat Bowlen's majority, controlling ownership interest in the Broncos while keeping 100 percent of the team in the Bowlen family. The acquisition of this share is independent of Mr. Bowlen's succession plan that is being administered by the Pat Bowlen Trust," the team said in a statement.
"John has been a great partner for many years Leonard Floyd Jersey , and we are very pleased he will remain a minority owner of the Denver Broncos."
Pat Bowlen and his siblings bought the team from Edgar Kaiser in 1984 for $78 million. Pat Bowlen later bought out his brother William Bowlen and sister Mary Elizabeth Jagger, making John the sole minority owner.
The team was placed in a trust when Pat Bowlen stepped down in 2014 because of Alzheimer's. The trust is overseen by three people, including team president and CEO Joe Ellis, who has final say on day-to-day operations until one of Bowlen's seven children can succeed him as controlling owner.
John Bowlen told the Denver Post last year that his intention to sell was not due to any discord with the club or the trust but was simply in his best interest financially.
Notes: The Broncos signed unrestricted free agent Clinton McDonald to a two-year contract Wednesday. The ninth-year defensive lineman has appeared in 97 career games and five playoff games with Tampa Bay (2014-17) Matt Slauson Jersey , Seattle (2011-13) and Cincinnati (2010). He had five sacks in 14 games with the Buccaneers last season.
The Eagles open the regular season in 11 days. And there’s still a very real chance that quarterback Carson Wentz won’t be ready to play.
Coach Doug Pederson said Sunday that Wentz still hasn’t been cleared for contact, via Jeff McLane of the Philadelphia Inquirer.
Wentz rejoined 11-on-11 drills a week ago, but quarterbacks are insulated from contact (in theory) during practice. But as Wentz continues to recover from a torn ACL suffered last December, the Eagles (more specifically Pernell McPhee Jersey , their doctors) have not yet reached the point where they’re comfortable letting Wentz face live contact.
Eagles fans may be getting more and more nervous about the prospect of starting the season without Wentz, given the extent to which Nick Foles has struggled during the preseason. And perhaps that external doubt will be the kick Foles needs to rediscovery the magic from January that carried the team to a Super Bowl win.
However it plays out, don’t expect the Eagles to advertise any earlier than necessary who will play when the Falcons return to town on September 6. While it’s always better to have no questions about whether the starting quarterback will play, the Eagles should be happy that they have an organic http://www.greenbaypackersteamonline.com/josh-jackson-jersey , legitimate way to keep the Falcons in the dark about who they’ll be facing.