Tag: Dean Metropoulos

Broncos potential owner tracker: Who will buy the team?

From Byron Allen to Peyton Manning to Kwanza Jones, many names have been linked to Broncos ownership. We are tracking all of the buzz here.

The Denver Broncos are officially up for sale and the team is expected to be sold for more than $4 billion. The Broncos are hoping to complete a sale before the 2022 NFL season, but the process could take months to finalize.

We will be tracking all of the latest developments on the ownership front on this page in the coming weeks and months.

Confirmed interest

1. Byron Allen
2. John Elway
3. Crypto group supported by Gov. Jared Polis

Reported interest

1. Alec Gores, Dean Metropoulos and Mat Ishbia
2. Behdad Eghbali, Jose Feliciano and Kwanza Jones
3. Josh Harris
4. Peyton Manning

Rumored interest

1. Kanye West
2. Jay-Z

Not interested, per reports

1. Robert F. Smith
2. Jeff Bezos

Pat Bowlen and his family purchased the Broncos from Edgar Kaiser in 1984. Bowlen stepped down from his day-to-day duties in 2014 due to his battle with Alzheimer’s disease, and he died in 2017.

Since Bowlen stepped down, the team has been controlled by the Pat Bowlen Trust, led in part by team president/CEO Joe Ellis. The team’s next owner will assume control of the team.

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Report: Group including Alec Gores plans to bid for Broncos

An investment group of three men — Alec Gores, Dean Metropoulos and Mat Ishbia — plan to bid to buy the Broncos, according to the Los Angeles Times.

The Denver Broncos are for sale, and candidates to buy the team are starting to emerge.

An investment group of three men — California’s Alec Gores, Florida’s Dean Metropoulos and Michigan’s Mat Ishbia — have a “planned bid” for the Broncos, according to a report from Bill Shaikin of the Los Angeles Times.

Gores, 69, is the founder, chairman and CEO of The Gores Group, a private equity firm that buys and sells companies.

Metropoulos, 75, is the chairman and CEO of C. Dean Metropoulos and Company, known for owning Hostess Brands and for buying and later selling the Pabst Brewing Company.

Ishbia, 42, is the president and CEO of UWM Holdings, a wholesale mortgage lender.

The trio are worth a combined $10 billion, according to an estimate from Forbes. Denver’s NFL franchise will likely be sold for $4 billion or more.

“It is uncertain whether the three men would consider additional investors” for their bid, according to Shaikin. Peyton Manning and John Elway are both interested in joining the team’s next potential ownership group.

The Broncos hope to complete a sale before the 2022 NFL season.

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