Edgar Kaiser

Edgar Fosburgh Kaiser Jr. (July 5, 1942 – January 11, 2012) was an American-Canadian financier and a former owner of the Denver Broncos American football team.

Early life and education Kaiser was born in Portland, Oregon, on July 5, 1942, and was the grandson of shipbuilding industrialist Henry J. Kaiser.

He earned a BA degree from Stanford University and an MBA degree from Harvard University.

Career Kaiser held several corporate positions during his life, including chief executive officer of Vancouver-based Kaiser Resources Ltd, the family holding company. Kaiser Resources' coal assets were sold to British Columbia Resources Investment Corporation and Ashland Oil Canada to Dome Petroleum.

Kaiser served as chairman and CEO of the Bank of British Columbia from 1984 until the bank's 1986 demise. He sold his 60.8% share of the Broncos to Pat Bowlen in March 1984 for $78 million. He then sued Bowlen for violating the original sales’ agreement, which he contended granted him right of first purchase of any sale of shares in the team. Kaiser claimed Bowlen violated this agreement by offering former Broncos quarterback John Elway a 10% stake of the company that holds ownership of the team. In 2004, a jury ruled in favor of Kaiser, and a federal judge decreed that Kaiser was entitled to purchase back 10% of the Broncos using the identical purchase terms offered to Elway. Bowlen appealed the original verdict that ruled in favor of Kaiser and won the appeal, as the appellate court ruled that the structure of the Bowlen-Elway deal did not violate the original agreement. It has also established the Kaiser Mental Health and Addictions Awareness Foundation and the Aboriginal Peoples' Health Initiative.

Personal life He became a Canadian citizen in 1980.