John Elway could have had 20 percent of the Broncos and first right of refusal to purchase the rest of the team for $36 million in 1998. He passed. Today, the 20% stake alone is worth $530 million, according to a Forbes valuation this month. pic.twitter.com/AqjybKLR3J
Interesting that Pat Bowlen tried to offer Elway part oenership instead of the “deferred salary with interest” program and Elway turned it down. [Reply]
So...when they get a top 5 pick next year..are they taking a QB?
I honestly think they are wasting their time with Lock....do they really think with more coaching he's going to become an elite quarterback? The instincts arent there...
Should have flipped that 2nd round pick for Rosen...Arizona ate the majority of his 10th over-all contract. It was a no lose opportunity...but Horseface sucks at job so not surprised. He would have at least had a functional back-up QB on the cheap...that is actually accurate. [Reply]
Originally Posted by BlackOp:
So...when they get a top 5 pick next year..are they taking a QB?
I honestly think they are wasting their time with Lock....do they really think with more coaching he's going to become an elite quarterback? The instincts arent there...
Should have flipped that 2nd round pick for Rosen...Arizona ate the majority of his 10th over-all contract. It was a no lose opportunity...but Horseface sucks at job so not surprised. He would have at least had a functional back-up QB on the cheap...that is actually accurate.
They'll be in the market and trying to make a play for the big prize in 2021 but I wouldn't worry too much; it's Failway! [Reply]
Originally Posted by Sweet Daddy Hate:
They'll be in the market and trying to make a play for the big prize in 2021 but I wouldn't worry too much; it's Failway!
Maybe Trevor Lawrence is the long ball play...be the worst team in football in 2020. That would be a brilliant move...but Horseface isn't very good at his job unless it involves skirting the rules. They would just be terrible because of FO decisions and actually trying....then failing.
I just want the Doink defense to be good enough to beat the Chargers...and fall out of top 10 in the draft.
Build up their fans hopes every off-season..then crush them. Rinse and repeat...for infinity. [Reply]
Originally Posted by BossChief:
He instead agreed to the “delayed payment with interest” plan to circumvent the cap with a couple other players, including Terrell Davis.
Interesting that Pat Bowlen tried to offer Elway part oenership instead of the “deferred salary with interest” program and Elway turned it down.
They left out this part...
But Elway still could have purchased the original 10 percent offered for $15 million. And it's not only that he passed on the deal, it's where he put his money instead.
Elway and his partner in his car business, Mitch Pierce, took that exact amount -- $15 million -- and invested in a company run by a man named Sean Mueller. That company turned out to be a $150 million Ponzi scheme and Elway and his partner were among the largest single investors. Elway and Pierce withdrew $6 million from their investment, but still ended up losing more than $7 million in the scheme when it was all said and done.
Elway squandered other money in more bad investments. Instances include: In January 1998, Elway, with his coach Mike Shanahan, invested in a laundromat franchise called Laundromax. The company said it hoped to do for laundry centers what Blockbuster did for video rentals. Like Blockbuster, it failed to live up to the future.
In 1998, Elway invested in a Hispanic media company called Quepasa. He bought 133,333 shares for $500,000. By June 2000, after the stock had fallen from $27 to $1, he sold 33,000 shares at a $62,000 loss, according to SEC filings.
In August 1999, Elway invested a "seven-figure amount" in MVP.com, an online sports e-commerce site, and became its co-chairman. A little more than a year later, it went bust.
So did his investment with Bowlen and Stan Kroenke in an Arena League team. In 2009, six years after founding the Colorado Crush, the entire league folded. [Reply]
Originally Posted by BlackOp:
So...when they get a top 5 pick next year..are they taking a QB?
I honestly think they are wasting their time with Lock....do they really think with more coaching he's going to become an elite quarterback? The instincts arent there...
Should have flipped that 2nd round pick for Rosen...Arizona ate the majority of his 10th over-all contract. It was a no lose opportunity...but Horseface sucks at job so not surprised. He would have at least had a functional back-up QB on the cheap...that is actually accurate.
This is so spot on. Rosen would have been a smart move, but Elway sucks at his job, so.... draft Lockweiler. :-) [Reply]
Originally Posted by Coochie liquor:
They left out this part...
But Elway still could have purchased the original 10 percent offered for $15 million. And it's not only that he passed on the deal, it's where he put his money instead.
Elway and his partner in his car business, Mitch Pierce, took that exact amount -- $15 million -- and invested in a company run by a man named Sean Mueller. That company turned out to be a $150 million Ponzi scheme and Elway and his partner were among the largest single investors. Elway and Pierce withdrew $6 million from their investment, but still ended up losing more than $7 million in the scheme when it was all said and done.
Elway squandered other money in more bad investments. Instances include: In January 1998, Elway, with his coach Mike Shanahan, invested in a laundromat franchise called Laundromax. The company said it hoped to do for laundry centers what Blockbuster did for video rentals. Like Blockbuster, it failed to live up to the future.
In 1998, Elway invested in a Hispanic media company called Quepasa. He bought 133,333 shares for $500,000. By June 2000, after the stock had fallen from $27 to $1, he sold 33,000 shares at a $62,000 loss, according to SEC filings.
In August 1999, Elway invested a "seven-figure amount" in MVP.com, an online sports e-commerce site, and became its co-chairman. A little more than a year later, it went bust.
So did his investment with Bowlen and Stan Kroenke in an Arena League team. In 2009, six years after founding the Colorado Crush, the entire league folded.
Jesus Christ ! The Broncos really don't have any future. [Reply]
Originally Posted by Coochie liquor:
They left out this part...
But Elway still could have purchased the original 10 percent offered for $15 million. And it's not only that he passed on the deal, it's where he put his money instead.
Elway and his partner in his car business, Mitch Pierce, took that exact amount -- $15 million -- and invested in a company run by a man named Sean Mueller. That company turned out to be a $150 million Ponzi scheme and Elway and his partner were among the largest single investors. Elway and Pierce withdrew $6 million from their investment, but still ended up losing more than $7 million in the scheme when it was all said and done.
Elway squandered other money in more bad investments. Instances include: In January 1998, Elway, with his coach Mike Shanahan, invested in a laundromat franchise called Laundromax. The company said it hoped to do for laundry centers what Blockbuster did for video rentals. Like Blockbuster, it failed to live up to the future.
In 1998, Elway invested in a Hispanic media company called Quepasa. He bought 133,333 shares for $500,000. By June 2000, after the stock had fallen from $27 to $1, he sold 33,000 shares at a $62,000 loss, according to SEC filings.
In August 1999, Elway invested a "seven-figure amount" in MVP.com, an online sports e-commerce site, and became its co-chairman. A little more than a year later, it went bust.
So did his investment with Bowlen and Stan Kroenke in an Arena League team. In 2009, six years after founding the Colorado Crush, the entire league folded.
So, literally everything he touches turnes to shit. :-):-) [Reply]
John Elway could have had 20 percent of the Broncos and first right of refusal to purchase the rest of the team for $36 million in 1998. He passed. Today, the 20% stake alone is worth $530 million, according to a Forbes valuation this month. pic.twitter.com/AqjybKLR3J