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Report: John Elway and Peyton Manning competing to buy the Denver Broncos

The two former quarterbacks who have given the Denver Broncos three Super Bowls in their history, Peyton Manning and John Elway are competing for minority ownership of the team from the "Mile High City".

According to a note published by sportskeeda.com the rumored acquisition of the team is due to a legal decree that allowed the sale of the Broncos following a dispute after the death of original owner Pat Bowlen in 2019.

Legal dispute following the death of Pat Bowlen

Bowlen had placed the team in a trust in 2014 due to being diagnosed with Alzheimer's for the first time that year and after his death the legal dispute over the Broncos ownership had begun and following the ruling, there are reportedly six different groups with the intent to acquire the team that was one of the founders of the defunct AFL.

Neither Peyton Manning nor John Elway would be the majority owner of each of their groups, even the former Indianapolis Colts passer joked in the past that he did not have the billions of dollars required to acquire an NFL franchise.

The report on the sale of the Broncos indicates that it would be done through an auction and the best proposal would take it, but the winning group would have to be approved by the rest of the NFL owners, otherwise it would go to the second best proposal and so on.

Manning and Elway: The winning combination of Super Bowl 50

Peyton Manning won Super Bowl 50 as a player with the Broncos, a team where John Elway was the President of Football Operations, a position he holds to this day.

Elway, who played all of his 16 seasons with the Denver Broncos, has been the most important face of this franchise to which he gave his first two Lombardi Trophies in Super Bowls XXXII and XXXIII, the latter being the final game of the quarterback's career who was named MVP of the game after the victory against the Atlanta Falcons.

According to Forbes, the Denver Broncos franchise is valued at $3.75 billion.

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