Denver Broncos owner Edgar Kaiser and in age of 69 he was died

Edgar Kaiser Jr. died, the former owner of the Denver Broncos John Elway, who brought to the city, at the age of 69.

According to the Vancouver Sun Canadian financier and philanthropist was on a business trip in Toronto on Wednesday at the time of his death.

The cause of death was not confirmed until Saturday.

Kaiser was born July 5, 1942, in Portland, Oregon, grandson of mining magnate and steel, construction, and Henry Kaiser, Edgar Kaiser, son of the father, who helped in the organization of health care in Oakland, California. Based giant Kaiser Permanente.

During his young Caesar, and served in various capacities in private and in public in Canada and the United States. But perhaps the most lasting mark in the Mile High City 1983 its acquisition of Stanford University and a promising quarterback of the Baltimore Colts.

Colts selected John Elway No. 1 in the NFL 1983. But soon there were rumors that Eloy not want to play on the East Coast or Colts coach Frank Kush.

For Broncos Eloy, and most publicized quarterback of the time, left the reserve quarterback Mark Hermann, and choose Project 1984 in the first round, and the right to attack lineman Chris Hinton Broncos "in the first-round selection 1983.

"He has learned with deep sorrow the sudden death of Mr. Kaiser", Eloy, and now president of the Broncos, executive vice president of football operations, Pronk said in a statement on Saturday.

"I am eternally grateful that he is everything to me. My thoughts with all the Tsar's family and friends as they mourn his loss."

Sells Kaiser, who bought the Broncos in 1981 to an estimated $ 30 million Phipps family of Denver, a majority stake in his team to the current owner and CEO Pat Bowlen in 1984.

"On behalf of the Denver Broncos, I offer my deepest condolences to the family of Edgar Kaiser," said Bowlen said in a statement the team. "I have great appreciation for the opportunity it gave me Edgar to become the owner of this great privilege in 1984. We express our deepest condolences to the family of Edgar out during this difficult time."

Participate in the Kaiser-term

Execution of legal battle with Bowlen after Bowlen offered to sell the team of Eloy. Kaiser said he was entitled to a right of first refusal to such agreement.

However, the Court of Appeals ruled in 2006 that Bowlen does not sell 10 percent of the Broncos to Caesar, and the court had ordered in 2004.

After his stay in Denver, he served as president and CEO of Kaiser for the bank in British Columbia until it was sold in 1986.

In 1985, Kaiser has launched Kaiser Foundation. Is headquartered in Vancouver organization to provide resources for recovering drug addicts and mental health patients. He served as Group President and CEO until his death.

Kaiser is survived by his wife Susan, two sons and grandchildren.