"It's incumbent upon us to have made progress toward getting one of the kids in that direction, significant progress, in those two years," Broncos co-owner John Bowlen, Pat's brother, told The Post.
Although the NFL
has not set a precise time limit, John Bowlen
said it's unclear how much longer than two years the league might be willing to wait - if at all.
"Maybe two more, maybe five, maybe none," John Bowlen
"I don't think he
demise would be as quick as this," John Bowlen
If none of the children can prove to the trustees they have the ability to run the team - and some have shown an interest in trying - then the family must sell, John Bowlen
"I think we'll know in two years who it will be," he
said, "but whether they're ready to go is another matter."
doubts the NFL
would be so harsh as to force a sale if a successor isn't at least identified within two years.
"I'm sure there are a number of people who would say that if it's not Pat Bowlen
owning the team, it would be better just selling it, but it would not leave Denver," John Bowlen
"Pat wanted to do it on his own, but there was a need to lean into the company for credit, which we did," said John Bowlen, president and CEO of Regent Resources Ltd.
And when their mother, Arvella Regis Bowlen, died in 2006 at age 90, her interests were divided between Pat and John
, making them whole owners of the Broncos
, although paperwork shows that the team is held in holding company names.
Little has changed, said John Bowlen
, who controlled as much as 49 percent of the Broncos
but has been selling interest back to his
death, the 40 percent John Bowlen
retains today, though inherited by his
children, would be sold to Pat's side of the family, John Bowlen
"They're obligated to take it out of my estate," he
"The desire is for one of Pat's children to show the ability to step into the role," John Bowlen
"The wish is that one of those kids will demonstrate that ability."
The decision about which child takes over, John Bowlen said, rests with the three trustees: Ellis, 56; Broncos counsel Rich Slivka, 69; and Denver attorney Mary Kelly, 60.
Although John Bowlen remains the Broncos coordinator of corporate sponsorships, he said his work at Regent Resources keeps him too busy to consider trying to take on the team.
"It would take some pondering on my part," he
said, noting the tax implications of such a choice.
"It's not as if I don't have a say in things now, maybe not day to day, but some."
None of John Bowlen's
children - four daughters ranging in age from 16 to 41, and a 34-year-old son - are allowed to take on ownership under the trust.
"I would think, with all conjecture aside, that he
would certainly have the inside track, if he
wanted it," John Bowlen
"It's almost a no-brainer."
"It seems to me that it would be difficult not to approve of John," John Bowlen
said, "but a mammoth part would be who my partners would approve.
John Michael Bowlen Jr.
, 28 Single.
Lives in Denver.
University of Denver
Works in variety of positions with the Broncos