Denver Broncos minority owner John Bowlen denied that he's actively trying to sell his minority stake in the franchise, the team said in a release.
A report surfaced Sunday that Bowlen is planning to sell his 30-to-35 percent of the team because he's upset about how it's being run, but the Broncos denied that's the case.
"Broncos minority owner John Bowlen, accompanied by his advisor, indicated at our Sept. 18 board meeting that he is extremely pleased with the way the organization is being operated under Joe Ellis in the absence of his brother, owner Pat Bowlen," the statement reads.
Ellis took over the day-to-day operations of the team in 2014 after Broncos majority owner Pat Bowlen stepped away because of Alzheimer's disease.
"John has never made any statements to the contrary, and at this meeting he voiced his full support for the contract extensions given to Ellis and other key team executives. John also indicated that although he is not actively looking to sell his minority, non-voting stake in the team, he recently was approached by someone who expressed interest in his share of the team. This afternoon, John informed multiple members of the organization that the opinions attributed to him by an anonymous source in a media report did not come from him and do not represent his views."
The team also noted that Pat's stake is not for sale, as the plan is to keep it in the Bowlen family.
