Monday, 16 July, 2018

Peyton Manning sells his Denver-area Papa John's locations to another franchisee

Peyton Manning Peyton Manning
Kristopher Love | 07 March, 2018, 21:30

"The franchisee that purchased the market is excited about the future of our business and assumed ownership of all Papa John's locations in the Denver, Co., market on February 26, 2018", Collins told the Denver Post.

The two networks are willing to pay the two-time Super Bowl champion up to $10 million per year to call primetime National Football League games, according to a report from Michael McCarthy of Sporting News. In the fourth quarter ended December 31, 2017, Papa John's posted net income attributable to the company of $28,509,000, down from $32,630,000 reported in the year-ago quarter.

Papa John's founder and CEO John Schnatter stepped down from his role with the company in December after saying the NFL's handling of national anthem protests hurt pizza sales.

"The new Denver market franchisee is an existing Papa John's franchisee that owns a substantial number of Papa John's locations in large markets, upholds the promise of better pizza and is a strong community partner", the company said.

Though Manning has sold his stake, his agreement with the company means the former Denver Broncos quarterback will remain Papa John's celebrity spokesperson and brand ambassador.

He won two championship rings - one with the Indianapolis Colts in Super Bowl XLI and another with the Denver Broncos during his final season in Super Bowl 50.

And now the rift between Papa John's, which was the official pizza of the NFL until just a few days ago (when Pizza Hut got the nod), and the league has grown just a little wider, especially right here in Denver.

So, why would Manning make this move? "Fans watch our game and they do it around a pizza box". Or maybe he's planning on taking a job in broadcasting, so the residual income isn't as important.