Former Denver Broncos owner Edgar F. Kaiser Jr. has died while on a business trip in Toronto, according to the Denver Post. He was 69.
“On behalf of the Denver Broncos, I extend our sincere condolences to the family of Edgar Kaiser,” current Broncos owner Pat Bowlen said in a statement released by the team. “I have enormous appreciation for the opportunity Edgar gave me to become owner of this great franchise in 1984. Our deepest sympathies go out to Edgar’s family during this difficult time.”
“It is with great sadness that I learned of Mr. Kaiser’s untimely death,” V.P. of football operations John Elway said. “He was responsible for executing the trade that made me a Bronco, and I am forever grateful for everything he did for me. My thoughts are with the entire Kaiser family and his friends as they mourn their loss.” Kaiser purchased the team in 1981 and sold it Bowlen in 1984 for $60.5 million.