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Sixteen and a half years after the fact, as the Broncos are back in the Super Bowl, Elway is a paid representative of the group with no stake in the establishment. The 20 percent stake he went on, taking into account a Forbes 2015 valuation of the group at $1.94 billion, is presently worth $388 million, which would have been a 646 percent return on the 1998 speculation, balanced for expansion, had he made it.
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