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Broncos owner Pat Bowlen has no plans to sell team

Broncos owner Pat Bowlen is fighting Alzheimer's, and as such, he resigned his position as CEOthis past summer.

On Sunday, the team issued a statement about the organization's future, saying that Bowlen is doing his best to keep the Broncos the property of his family and has no intent to sell the team.

Here's the statement in its entirety:

“Owner Pat Bowlen has indicated a strong desire to keep specifics of his estate planning private, and the Denver Broncos intend to honor his wishes.

“While Mr. Bowlen's long-term hope is for one of his children to run the team, any speculation on the transition of his ownership to one of them is premature. No timetable has been set for that process by the organization or the National Football League.

“There are no plans for the sale of the Denver Broncos, and the Pat Bowlen Trust will continue to implement the provisions set forth by Mr. Bowlen to keep the team in the Bowlen family.”

The news this summer saddened the Broncos organization, but Bowlen also had taken a reduced role in his team since his health began to worsen.

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