Who Owns The Denver Nuggets?
So, who owns the Denver Nuggets? The Nuggets franchise is currently owned by Kroenke Sports & Entertainment, which Stan Kroenke controls. Kroenke also owns the Los Angeles Rams, Colorado Avalanche, and Colorado Rapids, as well as Arsenal FC in the English Premier League. The Kroenke family has been involved in the ownership of the Nuggets since 2000 when they purchased the team for $202 million.
Kroenke is a controversial figure in Denver sports circles. Some fans admire his commitment to winning and his willingness to spend money on the team. Others criticize him for not doing enough to make the Nuggets a true contender and for his hands-off approach to ownership.
According to Forbes, as of the 2022-2023 season, the Denver Nuggets are worth $1.93 Billion dollars. This makes them the 22nd most valuable National Football League (NFL) franchise.
About The Denver Nuggets Franchise
The Denver Nuggets are an American professional basketball team based in Denver, Colorado. The Nuggets compete in the National Basketball Association (NBA) as a member of the league’s Western Conference Northwest Division.
The team was founded as the Denver Larks in 1967 as one of the expansion teams that joined the NBA that year. However, it changed its name to the Rockets before the first season began. In 1974, the team moved to the American Basketball Association (ABA), where it won two championships. The Nuggets joined the NBA in 1976 after the ABA merged with the NBA.
The Nuggets have never won an NBA Championship, but they did win the ABA Championship in 1976. They’ve also had some great individual players, like Alex English, Carmelo Anthony, and Dikembe Mutombo. Currently, the Nuggets are led by head coach Michael Malone and star player Nikola Jokic. They’re looking to make a deep run in the playoffs this year and bring a championship to Denver.