Broncos | Kaiser Jr. loses appeal in bid to buy back portion of team
The Associated Press reports former Denver Broncos owner Edward Kaiser Jr. was dealt a setback in his efforts to regain a portion of the team. A federal appeals court ruled that an offer to sell former Broncos QB John Elway a portion of the team did not violate a provision in the sales contract. Kaiser Jr. sold his 60.8 percent share of the team to Pat Bowlen in 1984 and sued in 1998 after Bowlen offered Elway a portion of the team. Kaiser has contended several times that Bowlen triggered a buyback provision in their sales contract that would have allowed Kaiser the right of first refusal when it comes to selling a portion of the team. It is unclear what steps Kaiser's attorney, Stephen Long, will take.
2006-08-01 23:43:56 | Source:
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