Former Broncos owner Kaiser dies

Former Broncos owner Edgar Kaiser died on Wednesday at the age of 69 while in Toronto. Kaiser originally purchased the team from the Phipps family in 1981 for roughly $30M before selling it to current owner Pat Bowlen in 1984 for $65M. Although Kaiser only owned the Broncos for three years, it was a remarkably impactful tenure; in 1981 he hired Dan Reeves, and in 1983 he pulled off the unthinkable in acquiring John Elway from the Colts.

But in 1999, Kaiser filed a lawsuit against Bowlen in an attempt to repurchase part of the team and claiming the latter had violated the terms of their sale agreement. A jury sided with Kaiser in 2004, but the Colorado Court of Appeals agreed with a Denver district judge's ruling which had sided with Bowlen.

Doug is IAOFM’s resident newsman and spelling czar. Follow him on Twitter @IAOFM

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