Broncos Owner Picks Up a Legal Victory in Spat with Former Owner

The 10th U.S. Circuit Court of Appeals has reversed a lower court and held that current Denver Broncos owner Pat Bowlen did not have to offer former team owner Edgar Kaiser an opportunity to buy an interest in the team that was equivalent to an offer made to former Broncos quarterback John Elway.   By way of background, the court noted that Bowlen bought a majority interest in the team from Kaiser for $51 million, $26 million in cash and the assumption of $25 million in debt, in 1984.