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HUIZENGA AGREES THAT IT'S ELWAY OR THE HIGHWAY FOR AUTO DEAL
Republic Industries Chair Wayne Huizenga has agreed to pay $82.5M for John Elway's six Denver-area car dealerships, according to Richard Williamson of the ROCKY MOUNTAIN NEWS. Elway "received Republic stock and agreed to work for the world's largest auto retailer for five years." Elway's partner, Rod Buscher, "declined Republic's offer to remain as president of the chain." Republic spokesperson Jim Donahue "declined comment on whether Elway's name would be added to any other dealerships" (ROCKY MTN NEWS, 10/29).
