Published: Thu, March 08, 2018
Sports | By Sarah Myers

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

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

Manning originally bought into the company when he came to Denver in 2012 and has appeared prominently in several Papa John's ads, some alongside Schnatter.

But Manning will not be abandoning his Papa John's relationship.

The five-time NFL MVP and two-time Super Bowl champion retired following the 2015 season after making more than $400 million in career earnings, according to Forbes. Somebody else has already stepped in to take the place of the former Denver Bronco and Indianapolis Colt.

The 41-year-old Manning walked away from the NFL as the league's all-time passing leader with 71,940 yards and 539 touchdown passes.

Earlier this year, Schnatter blamed slowing sales growth at Papa John's - an NFL sponsor and advertiser - on the outcry surrounding football players kneeling during the national anthem. The company's latest contract with the league "mutually" ended on February 28, a day before the NFL agreed to a new deal with Pizza Hut. After stock prices declined, Schnatter ended up apologizing for his comments, then stepping down as CEO. Per McCarthy, "Manning also is interested in a John Elway/Derek Jeter-type role in which he runs/owns a sports franchise". "The NFL has hurt us by not resolving the current debacle to the players' and [team] owners' satisfaction", he said in a conference call with investors.

Interestingly, he made the decision days before news broke that Papa John's and the NFL would no longer work together as national sponsors. The stores have been acquired from another existing Papa John's franchisee. Worldwide sales lifted 2.6 percent and 4.4 percent in the fourth quarter and full year, respectively.

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