TL;DR
Peyton Manning sold his 31 Papa John's locations in Denver before the brand's split from the NFL. Manning will remain a spokesperson for the brand despite selling the locations.
Papa John's announced the end of its official sponsorship of the NFL last week. According to a recent article in Nation's Restaurant News, prior to the split, former quarterback Peyton Manning sold his franchised locations. Manning said goodbye to these units just one day before the split.
"After six successful and rewarding years, Peyton Manning and Papa John’s International have sold their stake in 31 Papa John’s locations, which were part of a joint-venture in the Denver Colo., market,” the brand announced.
Despite selling the locations, Manning will remain a spokesperson for the brand. This continued support is part of the retired player's long-term agreement to serve as an ambassador for Papa John's. Manning initially signed on with the brand in 2012, and during that time became the owner of over 30 locations.
These locations will now be managed by an existing multi-unit Papa John's franchisee. The transition of ownership took place on February 26.
In this story
This story was originally published in 1851 Franchise on March 8, 2018. Burnaze summarizes and links to the original reporting.
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