(AAron Ontiveroz, Denver Post file)
As Sports Authority unravels in bankruptcy, so does its role as a key sponsor of the Denver Broncos.
The clock is ticking on the Englewood-based Sports Authority's sponsorship contract with the team, according to documents filed Friday in the U.S. Bankruptcy Court in Delaware.
A quarterly payment of $1.053 million was due May 1, part of a 2011 agreement that bundles Mile High Stadium naming rights with a broader sponsorship arrangement.
A missed payment could eventually trigger a termination of a contract that has Sports Authority on the hook for a total of $36 million through 2035.