But does she have $1.33 billion - she’s “only going to get a little over a half billion dollars from the sale. This is serious money we are talking about and there aren’t that many people that are in that elite circle.
That would make my friend happy. He thinks she should be owner.
My understanding is she has 25% of the team under the trust. If the team goes for $6 billion - she has 25% of whatever the sale price is - no one else can flip that much into the deal.
He could have. But it would basically be saying I am leaving $4 billion to one child and the rest of you get squat or very little by comparison. There probably would have been quite a few legal challenges to that.
He could have set it up so Brittany was the controlling heir and the designated owner of the Broncos with the minimum amount of ownership as required by NFL rules and then given the rest along with income shares etc... to the other kids, but she was young as noted so this would have been a huge leap of faith at the time. Such a divided family though if you look at it closely that this was never going to end in anything but a sale from the moment that Pat was no longer in charge.
I just saw that Woody Paige responded to a fan basically saying the same thing, this was his response
Of course this James Dater feller could just be a total douche.
That story has so much wrong with it. I read the opinion recently issued giving the Broncos the ability to sell without the Kaiser option and in real basic terms when Kaiser died so did the option in that it did not flow to his heirs. Elway's transaction for ownership was very complicated because Kaiser was alive then and could have blocked that transaction because the option was valid at that point.
I just feel like I see this coming. The Dissenting Bowlens get their chunk of cash - Britainy picks the managing general partner and the Broncos stay in a Bowlen's hands. Britaney gets new Bronco partners and has those guys pay off the other Bowlens. The other Bowlens get the highest value - as required by the trust in a sale - they have nothing to complain about. Britany gets to keep her onwership share or increase it and gets to pocket some cash in the process. No one party in the managing general partnership holds more shares than Britany - so even if she doesn't have majority ownership, she has the most influential vote.
This is the part that drives me nuts .. very sad ..
If the Broncos sale price is 4billion she has 11% of that, meaning 440million. That isn't a big enough chunk to be the majority owner. While it would be a cool scenario I just don't see it happening.
To be clear - I didn't say she would be the majority owner - but that she could arrange it so he controls the largest percentage of shares. Remember - as the bidding goes up her 11% goes up in value - making her 11% the most fungible in the bidding.
I could be wrong, but thought I read that the controlling owner had to have at least 30% of the shares.
Exactly, which is why 11% doesn't get it done for Brittany.
