The Denver Broncos announced Sunday that there are no plans for the team’s sale.

Owner Pat Bowlen resigned control of the team to focus on battling Alzheimer’s Disease in July. There has been speculation that the team would be sold.

The team addressed those rumors in a statement.

“Owner Pat Bowlen has indicated a strong desire to keep specifics of his estate planning private, and the Denver Broncos intend to honor his wishes,” the statement read.

“While Mr. Bowlen’s long-term hope is for one of his children to run the team, any speculation on the transition of his ownership to one of them is premature. No timetable has been set for that process by the organization or the National Football League.

“There are no plans for the sale of the Denver Broncos, and the Pat Bowlen Trust will continue to implement the provisions set forth by Mr. Bowlen to keep the team in the Bowlen family.”

Since 2010, Bowlen has not played a major role in the team’s decision making as executive vice president John Elway and president Joe Ellis assumed control. In July, Bowlen, 70, officially relinquished control of the team to Ellis.