Stan Kroenke has no plans to sell the Nuggets.

Kroenke said Monday that he intends to keep the team, along with the NHL's Avalanche, within his family "for years to come."

The family also owns 40 percent of the NFL's St. Louis Rams.

He also discussed for the first time transferring ownership to his son, Josh.

"Our son Josh has been involved with many of our organizations for several years and that family continuity remains a priority," Kroenke said in a statement to The Denver Post.

"My family looks forward to owning the Rams, Nuggets and Avalanche for years to come while being compliant with all stipulations set by the NFL. Our family remains committed to fans in St. Louis and Denver."