August 20, 2022

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Condoleezza Rice Joins Broncos' New Ownership Group

Condoleezza Rice Joins Broncos’ New Ownership Group

Condoleezza Rice, the former US Secretary of State who has been linked in the past with a variety of potential roles in the NFL, joins the upcoming ownership group of the Denver Broncos led by Walmart heir Rob Walton, Announcing the new owners Monday.

“We are pleased to welcome former Secretary of State Condoleezza Rice to our royal group,” Walton said in a statement released by Bronco. “Secretary Rice, a highly respected public servant, and an outstanding academic leader, is well known as a passionate and knowledgeable football fan who has worked to make the sport stronger and better.”

Rice, 67, is director of the Hoover Institution at Stanford University. She was previously mentioned as a nominee for the NFL commissioner and was once linked to a major coaching job for the Cleveland Browns, speculation that she and her team quickly turned her down. She was also an inaugural member of the College Football Selection Committee.

“Her unique experience and exceptional judgment will be of great benefit to our group and the Broncos,” Walton said.

The amount of its investment in the franchise was not disclosed.

In a statement released by the Hoover Institution, Rice said: “It is an honor to be part of this ownership group. Football has been an integral part of my life since the moment I was introduced to it, and I am delighted to be part of the Broncos today. I have had so many years My youth is in Denver, so being able to combine my love for the game with my love for this amazing city and team is the adventure of a lifetime and a great opportunity.”

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Rice became the first black woman to serve as Secretary of State when she succeeded Colin Powell in January 2005. She served until January 2009.

The group led by Walmart heir Rob Walton has agreed to buy Bronco for $4.65 billion

Walton group In June, it agreed to buy Bronco from the Pat Bowlen Trust for $4.65 billion, according to a person familiar with the sale agreement. The deal remains subject to final approval by fellow NFL team owners.

Walton announced when the deal was closed that Melody Hobson, co-CEO of Ariel Investments, had agreed to join his proprietary group. Hobson, who is Black, is also Chairman of the Board of Directors of Starbucks and Director of JPMorgan Chase.

NFL owners Agreed to a decision in March Endorsing diversity in franchise ownership.