As the Broncos near the two-month mark of being for sale, president/CEO Joe Ellis remains confident the initial target of a new owner taking over by early September can be achieved.
“I really believe we can have a new owner in place by that time,” Ellis said Monday at the NFL’s Annual Meeting. “Don’t hold that to me as a guarantee, but I do think that’s a realistic timetable.”
In recent years, the Panthers , Buffalo Bills and Miami Dolphins have been 100% purchases and the initial expectation was the Broncos would be in the same situation. A controlling owner must buy at least 30% of the team and there can be no more than 24 limited-share investors. The new Diversity Advisory Committee will be tasked to review the league’s diversity policies and practices and provide recommendations to the league. Included on the six-person panel are former Houston Texans general manager and Broncos personnel executive Rick Smith and CU associate professor Stefanie K. Johnson, whose research has centered on leadership and diversity.
At a news conference, Pittsburgh Steelers owner Art Rooney II said his understanding is that “several” groups bidding for the Broncos have minority representation.
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