John Bowlen, the younger brother of Broncos majority owner Pat Bowlen, told The Denver Post on Monday that he is looking to sell his minority interest in the team of about 30-35 percent because he feels it’s a good time to do so and that it’s a personal decision for his family.
“Personally I think the price is going to be good and we seem to have some interest,” Bowlen said. “So that’s it.”
John Bowlen reiterated that there is no animosity toward the Broncos or discord with the team. In fact, he said, he is “quite pleased” with the job team president/CEO Joe Ellis and counsel Rich Slivka have done running the Broncos as two of the three trustees.