Broncos File Motion to End Stadium Sponsorship Agreement with Sports Authority

June 1, 2016   ·     ·   Jump to comments

The Denver Broncos reportedly “filed a motion to end their sponsorship agreement with Sports Authority,” per Allison Sylte of KUSA 9News in Denver.
Sylte wrote that 9News obtained court documents on Tuesday that said Sports Authority didn’t pay its previous two quarterly payments that were necessary to keep naming rights at Sports Authority Field at Mile High.
Each payment totaled $1,052,972.50.
According to Sylte, Sports Authority filed for Chapter 11 bankruptcy protection in March. 
The Broncos' motion acknowledged the filing: “Because of the protections afforded under the Bankruptcy Code, [Sports Authority] continues to enjoy exclusive sponsorship rights as provided for in the Sponsorship Agreement, despite its failure to make two quarterly payments totaling $2,105,945.00.”
The motion was filed in Delaware’s U.S. Bankruptcy Court.
Mark Harden of the Denver Business Journal reported on May 18 that S...

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