Woody: I read your column about the bickering Bowlens in Gazette this week, and want to know how you think it will turn out. Is it possible the family sells the franchise? I hear it’s worth over $2 billion. -- Henry H., DenverHenry – The last Forbes evaluation in September for the value of the Broncos’ franchise is $2.65 billion, up from $2.4 billion in 2017 and $1.94 in '16. Tidy sum. The Bowlen family trust owns approximately 80 percent after John Bowlen, Pat Bowlen’s older brother, sold a significant share of his minority interest in March to the trust. The best estimate previously was John had owned about 35 percent. Pat’s younger brother and his sister sold their shares to Pat many years ago (and probably wish they had kept them, given the dramatically rising worth of NFL franchises). When their mother died, she left equal shares to Pat and John.Originally, in 1984, after the death of the family’s father, the five purchased a majority of the … [Read more...] about Woody’s Broncos Mailbag: Would the bickering Bowlens ever sell the team?
Forbes family trust
Steven Mufson, The Washington Post Published 10:59 am, Friday, June 22, 2018 Photo: Bloomberg Photo By Andrew Harrer Image 1of/1 CaptionClose Image 1 of 1 Commerce Secretary Wilbur Ross speaks Wednesday during a Senate Finance Committee hearing on tariffs. Commerce Secretary Wilbur Ross speaks Wednesday during a Senate Finance Committee hearing on tariffs. Photo: Bloomberg Photo By Andrew Harrer Watchdog group calls for investigation into financial dealings of commerce secretary 1 / 1 Back to Gallery WASHINGTON - A watchdog group has asked for a government investigation of whether Commerce Secretary Wilbur Ross made a "false statement" to the Office of Government Ethics about his stock holdings and violated insider trading rules when he engaged in a short sale of a shipping company with links to Russia. … [Read more...] about Watchdog group calls for investigation into financial dealings of commerce secretary
By The Washington Post | PUBLISHED: June 20, 2018 at 4:52 pm | UPDATED: June 20, 2018 at 4:53 pm By Steven Mufson | Washington Post WASHINGTON – As a wealthy and experienced investor, Commerce Secretary Wilbur Ross was expected to bring polish and sagacity to his job in the Trump cabinet. But a Forbes magazine report this week has suggested Ross has brought tarnish and imprudence. The magazine disclosed that Ross had kept stakes in Chinese-owned companies, a shipping firm tied to leading Russians, and a Cypriot bank while holding public office. In some cases where he did sell his shares, family members retained interests that some ethics experts said could pose conflicts of interest for Ross in trade talks. After Ross learned that Forbes was preparing an article about his investments last fall, he short-sold stock in the Russian-linked company – a risky tactic used for by sophisticated investors betting that a stock price will go down. Yet when Ross testified at a … [Read more...] about Ethics spotlight once again shines on Wilbur Ross
Welcome to our annual list of high school students who ranked at the top of their graduating class. We got responses this year from 84 schools, public and private, in St. Paul, nearby suburbs and western Wisconsin. Schools were asked to send us the names of their high achievers — however they define them. Some schools use the “valedictorian” and “salutatorian” distinctions. Others designate “highest honors” or degrees of “cum laude” or a percentage of the senior class. Schools submitting 10 names or fewer are invited to ask their students for an inspirational quote, and as ever, students cited words from a range of historic and contemporary writers, musicians and artists, political figures, scientists and celebrities. One pulled inspiration from the 1800s, with Ralph Waldo Emerson’s advice to “Finish each day and be done with it, you have done what you could. …Tomorrow is a new day, begin it well and with too high … [Read more...] about Top graduates 2018: High achievers and words that inspired them
The Singapore coastal hotel where President Trump and North Korean leader Kim Jong Un plan to meet on Tuesday is overseen by a wealthy Singapore family whose real estate development firm is pushing into the competitive upscale resort realm where Mr. Trump's own company operates. The 112-room Capella Singapore, which juts out of a lushly landscaped island in Singapore's harbor, is owned by the city's Kwee family, according to Singapore media. Their Pontiac Land Group company has been building a network of lavish hotels across Asia and the Singapore firm has even intruded on the Trump Organization's New York base, building a 72-story condominium and museum gallery project in midtown Manhattan. The hotel on Sentosa Island, said to be a pirate haunt and later a 19th-century base for colonial British artillery officers, was purchased last fall by the Kwee family, a billionaire quartet of four brothers, according to the media accounts. Forbes has estimated the family's holdings at $5.5 … [Read more...] about Family in charge of hotel hosting summit shares Trump-like ambition