Legal victory clears path for Broncos to be put up for sale – The Denver Post

The final road-block in the process of the Broncos starting a transfer of ownership, which is likely a sale, was removed Tuesday in Denver’s Second District Court.

Judge Shelley I. Gilman ruled the right of first refusal agreement between late owners Pat Bowlen and Edgar Kaiser is “terminated in its entirety.”

Created in 2005, RORF Holdings contested during the trial that even though Kaiser died in 2012 and Bowlen died in 2019, Kaiser’s camp had the right to match any offer if the Broncos were put up for sale.

In September, a trial pitting PDB Sports, the partnership which owns the Broncos, and the Vancouver-based RORF Holdings began and lasted one week.

In Tuesday’s ruling, Gilman wrote: “The right of first refusal is no longer valid or enforceable in any respect.”

PDB Sports’ case centered on the right of first refusal being eliminated once Kaiser and Bowlen died.

This story will be updated.

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