Broncos | Former owner denied re-sale mandate
The Associated Press reports former Denver Broncos owner Edgar Kaiser Jr. was rejected by a Denver district judge in an attempt to force current owner Pat Bowlen to sell him part of the team. Kaiser sold his 60.8 percent share of the Broncos to Bowlen in 1984, and he has already lost his case in federal court. A U.S. District Court jury ruled in favor of Kaiser in 2004, but the 10th U.S. Circuit Court of Appeals overruled the decision. Kaiser argued that Bowlen violated the sales' agreement by offering former Broncos QB John Elway a share of the team. A three-judge panel of appellate court ruled the way the offer to Elway was structured was not covered by the provision of the contract.
2007-03-17 11:29:26 | Source:
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