 However, a group of Ascent shareholders sued, claiming the sale price was several million dollars too low.Ascent then agreed to sell the Avalanche and Nuggets to Denver banking tycoon Donald Sturm for $461 million.However, a new wrinkle appeared when the City of Denver refused to transfer the parcel of land on which Pepsi Center stood unless Sturm promised to keep the Avalanche and Nuggets in Denver for at least 25 years.