A final legal hurdle has been cleared for the Denver Broncos to begin the process of finding a new buyer for the team that’s valued at close to $4 billion
The Broncos haven't reached the playoffs since winning Super Bowl 50 six years ago and they've churned through 10 starting quarterbacks since Peyton Manning's retirement following that 2015 championship season.
The team's parent companies, however, had to first go to court in September to ask the judge to rule that Kaiser's estate no longer had the right of first refusal to any potential sale of the franchise, which Forbes valued at $3.75 billion. The lawsuit came in response to a surprise May 2020 letter lawyers for PDB Sports Ltd. and Bowlen Sports Inc. received from ROFR Holdings suggesting it had the right to match any offer in the event the team were sold.
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