INVESCO Funds of Denver has offered to pay $120 million to puts its name on the new football stadium of the Denver Broncos, according to Tim Romani, executive director of the Metropolitan Football Stadium District of Denver in a statement to the District's board of directors today.

The proposed name is "INVESCO Field at Mile High," according to the statement. INVESCO would pay $4 million in 2001 and four percent more per year with an increased amount in year 20 to bring the total to $120 million. The money would be split evenly between the District, which would use the money to lower local taxes, and the Denver Broncos, according to Romani.

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