203Pat
Pro Bowl Player
- Joined
- Jun 10, 2014
- Messages
- 10,399
- Reaction score
- 17,995
Apparently the stake that Bowlen offered Elway in the 90's would have been worth north of $900 million but Elway turned it down.
Here is an excerpt from Rovell’s story: “In September 1998, then Broncos owner Pat Bowlen offered Elway, who had just led the Broncos to their first Super Bowl title, a 10 percent piece of the team for the money that they had owed him ($21 million). Bowlen sweetened the deal by offering another 10 percent of the team for $15 million. ... “At the $4.5 billion valuation, John Elway’s 20 percent stake that he could have gotten for $36 million would have been worth $900 million today, a 1,330 percent return, factoring for inflation. He also gave up the rights of first refusal to buy the rest of the team.”
It’s actually a bit more than that because 20% of $4.65 billion is $930 million. Despite passing on the ownership stake, Elway made $45.4 million in his playing career, became general manager of the Broncos and they won Super Bowl 50. Elway also sold his car dealerships in 1997 for $82.5 million in stock.
Read more at: https://www.kansascity.com/sports/s...etes-sake/article262293607.html#storylink=cpy
Here is an excerpt from Rovell’s story: “In September 1998, then Broncos owner Pat Bowlen offered Elway, who had just led the Broncos to their first Super Bowl title, a 10 percent piece of the team for the money that they had owed him ($21 million). Bowlen sweetened the deal by offering another 10 percent of the team for $15 million. ... “At the $4.5 billion valuation, John Elway’s 20 percent stake that he could have gotten for $36 million would have been worth $900 million today, a 1,330 percent return, factoring for inflation. He also gave up the rights of first refusal to buy the rest of the team.”
It’s actually a bit more than that because 20% of $4.65 billion is $930 million. Despite passing on the ownership stake, Elway made $45.4 million in his playing career, became general manager of the Broncos and they won Super Bowl 50. Elway also sold his car dealerships in 1997 for $82.5 million in stock.
Read more at: https://www.kansascity.com/sports/s...etes-sake/article262293607.html#storylink=cpy
show, everyone there were grifters hoping to cash in, everything they did was half-assed. He hated it so much that used a former co-worker to plant the idea that he could be re-hired, and that's what ended up happening, except he came back as a contractor since there was a hiring freeze on "regular employees". He ended up doing his old job as a contractor on better terms/conditions since his wife's job had better medical benefits and kept that job for years to come, including doing it remotely from New Zealand!
