Tags: peyton manning | papa johns | nfl | franchise

Peyton Manning's Papa John's Sell-Off Beats NFL Buzzer

Peyton Manning's Papa John's Sell-Off Beats NFL Buzzer

Two-time Super Bowl winning quarterback Peyton Manning waves to the crowd during the drivers meeting for the Monster Energy NASCAR Cup Series 60th Annual Daytona 500 at Daytona International Speedway on Feb. 18, 2018, in Daytona Beach, Florida. (Robert Laberge/Getty Images)

By    |   Wednesday, 07 March 2018 08:56 AM

Peyton Manning's Papa John's sell-off beat the NFL, which ended its partnership with the pizza chain two days after the former Denver Bronco's quarterback sold his stake in 31 Denver-area stores, The Score reported.

Manning invested in the stores six years ago as part of a joint venture with Papa John's International.

The sale was confirmed by Peter Collins, a spokesperson for the pizza chain, who explained that Manning's stake had been acquired by an existing Papa John's franchisee who planned to rehire all existing employees, The Denver Post noted.

"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 Feb. 26, 2018," Collins said in a statement, per The Denver Post.

Collins told Fox News that the former quarterback would stay on as an official Papa John's spokesperson and brand ambassador as part of his long-term agreement with the brand.

Shortly after news of Manning's sale broke, Papa John's announced its decision to end its sponsorship of the NFL after several years.

"While the NFL remains an important channel for us, we have determined that there are better ways to reach and activate this audience," CEO Steve Ritchie said, according to CNN.

The announcement came after the pizza chain received criticism for blaming its slumping sales on the way the league handled the protests by players who knelt during the National Anthem last year.

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Peyton Manning sold his stake in 31 Papa John's franchises in the Denver area two days before the NFL ended its partnership with the pizza chain.
peyton manning, papa johns, nfl, franchise
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2018-56-07
Wednesday, 07 March 2018 08:56 AM
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