Joey MarquezUsing Forbes‘ NFL franchise valuation, that 20 percent stake in the club for $36 million would yield Elway an unrealized capital gain of $444 million.
Elway essentially missed out on $444 million in exchange for $36 million. In hindsight, he’s probably kicking himself for not accepting the offer.
Bowlen offered him the right of first refusal if any other ownership stake was put up for sale to anyone other than a Bowlen family member. The downside risk was essentially non-existent. In years two through five of the deal, Elway would have had the option of re-selling his stake to Bowen for $42 million plus eight percent interest per year.
Last Modified on September 22, 2016