{"id":18529,"date":"2022-02-21T09:43:42","date_gmt":"2022-02-21T08:43:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=18529"},"modified":"2022-02-21T09:43:50","modified_gmt":"2022-02-21T08:43:50","slug":"crypto-dao-to-buy-denver-broncos","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-dao-to-buy-denver-broncos\/","title":{"rendered":"Crypto Enthusiasts forming DAO to buy Denver Broncos NFL Team"},"content":{"rendered":"\n
If the sale goes through, the Denver Broncos will join the Green Bay Packers as the only co-operatively owned 32-team National Football League. <\/h5>\n\n\n\n

The National Football League's Denver Broncos team is up for sale and a DAO could be the next owner\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

ESPN estimates<\/use><\/svg><\/span><\/a> the team would sell for $4 billion, which the DAO (Decentralized Autonomous Organization) wants to raise.<\/p>\n\n\n\n

The effort is being led by Sean O'Brien, a 10-year veteran of Cisco Systems' legal team.<\/p>\n\n\n\n

O'Brien said the DAO will be released this week.<\/p>\n\n\n\n

\"Crypto
Broncos honor Demaryius Thomas in 38-10 win over Lions.<\/figcaption><\/figure>\n\n\n\n

According to O'Brien, the DAO<\/a> would also be formed as a cooperative and the DAO participants would have a parallel equity interest in the cooperative.<\/p>\n\n\n\n

The team has been managed by a trust since the death of owner Pat Bowlen in 2017. <\/p>\n\n\n\n

The NFL has signaled that it wants a deal to start the 2022 season.<\/p>\n\n\n\n

The Wisconsin Green Bay Packers are owned by a community cooperative that was first incorporated in 1923 into a structure similar to what the DAO would use to purchase the Denver Broncos<\/a>.<\/p>\n\n\n\n

In 1980, the NFL introduced new rules that banned the community-focused “decentralized” ownership used by the Green Bay Packers (although the team had an exception through a grandfathering clause).<\/p>\n\n\n\n

The rules state that ownership must be managed by a single person who owns at least 30% of the team's equity, with minor exceptions for a family-owned structure. <\/p>\n\n\n\n

There is also a limit of 32 owners per team, and sales must be approved by the NFL.<\/p>\n\n\n\n

In Canada, the Canadian Football League has two teams with a community-owned structure: the Saskatchewan Roughriders and the Winnipeg Blue Bombers.<\/p>\n","protected":false},"excerpt":{"rendered":"

If the sale goes through, the Denver Broncos will join the Green Bay Packers as the only co-operatively owned 32-team National Football League. The National Football League’s Denver Broncos team is up for sale and a DAO could be the next owner . ESPN estimates the team would sell for $4 billion, which the DAO […]<\/p>\n","protected":false},"author":34,"featured_media":18532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3932,7423,1516],"class_list":["post-18529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dao","tag-denver-broncos","tag-nfl"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/images-97.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/18529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=18529"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/18529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/18532"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=18529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=18529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=18529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}