Court victory clears path for sale of Denver Broncos

FILE - Former Denver Broncos owner Edgar Kaiser arrives U.S. District Court in Denver on Jan. 29, 2004. The Broncos have cleared their final legal hurdle to begin the process of transferring ownership of the team, likely through a sale of the franchise valued at nearly $4 billion. Denver County District Court Judge Shelley I. Gilman ruled Tuesday, Jan. 11, 2022, that a right of first refusal agreement between late owners Pat Bowlen and Edgar Kaiser “is no longer valid or enforceable in any respect” and "has terminated in its entirety." (Glen Martin/The Denver Post via AP, File)

FILE - In this Jan. 5, 2011, file photo, Denver Broncos owner Pat Bowlen looks on during a news conference at the team's NFL football headquarters in Englewood, Colo. The Broncos have cleared their final legal hurdle to begin the process of transferring ownership of the team, likely through a sale of the franchise valued at nearly $4 billion. Denver County District Court Judge Shelley I. Gilman ruled Tuesday, Jan. 11, 2022, that a right of first refusal agreement between late owners Pat Bowlen and Edgar Kaiser “is no longer valid or enforceable in any respect” and "has terminated in its entirety." (AP Photo/ Ed Andrieski, File)