DENVER, Colo. — In a revelation that has sent shockwaves throughout the NBA and the city of Denver, multiple sources confirm that Nuggets owner Josh Kroenke is now under federal investigation for alleged financial misconduct involving team operations.
According to a confidential report obtained late Friday, federal authorities are probing a series of irregular financial transactions tied to the Nuggets’ operations over the past three years. Investigators are reportedly focused on large sums of money that were allegedly funneled through shell corporations linked to Kroenke Sports & Entertainment (KSE), raising questions about potential fraud, misuse of team resources, and violations of NBA ownership rules.
This scandal comes at a time when the Nuggets were already dealing with turmoil after the firings of head coach Michael Malone and general manager Calvin Booth. Sources inside the franchise now fear that the unfolding legal drama could trigger a forced sale of the team — an unprecedented move that could dismantle the very structure that led Denver to its first-ever NBA championship just two seasons ago.
In a hastily arranged press conference, Kroenke denied any wrongdoing but admitted the organization had “made mistakes in accounting practices,” promising full cooperation with investigators. Still, league insiders are speculating that NBA Commissioner Adam Silver could impose heavy sanctions — including the possibility of suspending Kroenke or even forcing him to divest his ownership stake if misconduct is proven.
Morale inside the Nuggets organization is said to be at an all-time low. Key players, already unsettled by recent front office chaos, are reportedly questioning their future with the team amid fears of instability. “It feels like the whole house is burning down,” said one anonymous player.
Fans across Denver reacted with shock and outrage upon hearing the news. Chants of “Sell the team!” erupted spontaneously outside Ball Arena on Friday night, as supporters expressed deep betrayal from ownership they once trusted.
This unfolding scandal threatens not just the Nuggets’ immediate future, but the long-term legacy of a team that was poised to be a perennial championship contender. As one prominent NBA executive put it bluntly: “This could be the biggest ownership crisis the league has seen in decades.”
Further developments are expected in the coming days as investigators prepare to reveal additional findings that could shake the very foundation of Denver basketball.