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ELWAY NIXES TALK OF HIM BUYING INTO BRONCOS
Published October 30, 1997
The $82.5M in stock Broncos QB John Elway reaped from the sale of his car dealerships to Republic Industries "is money that eventually could be put down to purchase a portion of an NFL team, possibly even the Broncos," according to Adam Schefer of the DENVER POST. Elway, on the possibility: "Maybe it's a natural." However, Elway said that he "has not, in any way, broached the issue with Broncos owner Pat Bowlen. Nor does he intend to at any point in the near future." Bowlen: "I'm a little upset with (the media) because that's obvious sensationalized speculation. John's made a business deal, and what he does on into the future is John's business" (DENVER POST, 10/30). In Denver, columnist Mark Obmascik: "Turning No. 7 into the public face of the Broncos ownership is the No. 1 way that Bowlen can win voter approval for his new taxpayer-financed football stadium. Coloradans trust John Elway a lot more than Pat Bowlen. ... Bowlen's arrogance is one of the main reasons why the new stadium is crashing in the public opinion polls. He somehow has made it cool for Coloradans to root for the Broncos on the field while rooting against them at the ballot box" (DENVER POST, 10/30).