Scottsdale, Ariz. - Chief Financial Officer of the Denver Broncos, J. Allen Fears, sat on a panel last week led by John Molloy, of Fleet Securities, entitled Rights-Backed Securitization for Sports, Entertainment & Media at Strategic Research Institutes' Asset Securitization 2002 Symposium.

Three days later the Broncos closed a $180 million securitization structured by Fleet, backed by rights and contracts associated with the team's brand new stadium, INVESCO Field at Mile High. In what's called a "Public/Private" partnership, the stadium is actually owned in part by several counties in the greater Denver area, who in turn lease the stadium back to the Broncos at a nominal amount per annum. The sponsorship fees paid by INVESCO are split between the counties and the stadium, although, it is understood these fees do not flow into the transaction.

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