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.