What Impact Could Stan Kroenke’s NFL Legal Woes Have on the Avs, Nuggets, Rapids & Altitude Sports?

As the owner of the Colorado Avalanche, Denver Nuggets, Colorado Rapids and Kroenke Sports & Entertainment (KSE) – a holding company that in turn owns the Altitude Sports network, Ball Arena and Dick’s Sporting Goods Park, among other things – Stan Kroenke wields outsize influence in Denver’s sports community.

Despite this presence locally, it is his ownership of the NFL’s Los Angeles Rams – and the franchise’s relocation from St. Louis to L.A. in 2016 – that is causing the biggest headlines and headaches for the billionaire mogul. Prior to relocating the Rams, Kroenke signed an indemnification agreement with the NFL protecting the league and fellow owners from legal fees and judgments from any suit filed by St. Louis related to the team’s departure.

However, ESPN reported that four years and millions of dollars in legal fees later, Kroenke is now trying to narrow the scope of that indemnification. That concerns his fellow owners because St. Louis has been on a roll legally and the idea that it could be owed multi-billions of dollars in real and punitive damages is becoming more likely. A sports legal analyst said recently that a potential judgment “could wipe out a minimum of half of Stan Kroenke’s net worth.

Which begs the question: what would happen to Kroenke’s Colorado assets if he was hit with such a judgment. Would the teams and stadiums immediately go up for sale? KSE has been in a three-year stalemate with DISH and Comcast over carriage rights to Altitude Sports, and as a result has been subsidizing the money-losing network. Would that continue?

GFM, Turner Lead Colorado PR Firms on Outside Magazine’s ‘Best Places to Work’ List

Outside Magazine released its 2021 Best Places to Work list, and Colorado companies again dominated. In fact, 26 of the 50 companies selected are based in Colorado. Below is the list of public relations, advertising and digital marketing firms that Outside recognized:

5. Fortnight Collective, a Boulder advertising agency
10. Booyah Advertising, a Denver digital marketing agency
17. GroundFloor Media, a Denver public relations and digital marketing agency
19. Parallel Path, a Boulder digital marketing firm focused on health and wellness
42. Turner, a Denver-based public relations and digital communications agency

Among the Colorado firms recognized in the honorable mention category were:

  • Backbone Media, a Carbondale brand marketing and public relations agency
  • Egg Strategy, a Denver marketing strategy firm
  • SRG, a Boulder brand consulting and creative services agency
  • TDA_Boulder, a Boulder advertising agency
  • Verde Brand Communications, a Boulder media and digital marketing firm
  • WorkInProgress, a Boulder advertising and public relations firm