Jul 23, 2014 3:59 PM by Kenzie Meek-Beck
DENVER -- Denver Broncos owner, Pat Bowlen, is stepping down at 70-years-old as he is battling Alzheimer's disease.
President of the Broncos, Joe Ellis, says that the Broncos will remain in the Bowlen family. Ellis is adding the title of chief executive officer and will run the team.
In hopes that one of Bowlen's children will run the team one-day, the ownership of the franchise is held in a trust.
When General Manager, John Elway, was asked if he would like to own the team he said: "The Bowlen's own the team. I'm in charge of running it and grateful for it."
The Broncos won six AFC titles and two Super Bowls with Bowlen as the chief executive officer.
"Alzheimer's has taken so much from Pat, but it will never take away his love for the Denver Broncos and his sincere appreciation for the fans," Annabel Bowlen, Pat's wife, said.
The News 5 sports team was at the press conference on Wednesday and they are at the training camp. Tune in at 5 and 6 p.m. for the latest information on the Broncos.
Here is the full statement from the Denver Broncos on Bowlen:
"In recent years, Denver Broncos Owner Pat Bowlen has taken a reduced role with his team while courageously and privately battling Alzheimer's disease.
"The Broncos are very saddened that Mr. Bowlen is no longer able to be part of the team's daily operations due to his condition. We continue to offer our full support, compassion and respect to ‘Mr. B,' who has faced Alzheimer's disease with such dignity and strength.
"As Mr. Bowlen focuses on his health, the Broncos have announced changes to their leadership structure that will ensure the long-term stability of the franchise.
"Mr. Bowlen's ownership of the Broncos is held in a trust-the Pat Bowlen Trust-overseen by non-family trustees with President Joe Ellis continuing to operate the team with full authority on all matters. Plans for this trust were arranged by Mr. Bowlen beginning more than a decade ago as part of his succession plan to keep the Broncos in the Bowlen family.
"Mr. Bowlen's long-term hope is for one of his children to run the Broncos at the appropriate time, and his succession plan will continue to be implemented by our organization in compliance with NFL ownership policies.
"Ellis, who has worked with Mr. Bowlen for nearly 30 years, also has been named the Broncos' chief executive officer and adds those responsibilities to his role as team president. He serves as the club's representation for all league matters.
"Going forward, Pat Bowlen's indelible contributions to the Broncos, the NFL and this community will continue to define his three decades of ownership and serve as the standard he has set for his franchise.
"With more than 300 victories, including six AFC Championships and back-to-back Super Bowls, Mr. Bowlen has established the culture of winning that is responsible for the Broncos' sustained success. His work on various league committees has helped the NFL achieve unprecedented prosperity, and his philanthropic generosity has had a positive impact on so many throughout the Rocky Mountain Region.
"The Broncos have the utmost appreciation for Mr. Bowlen and are completely focused on adding to his championship legacy with him in the years ahead."