Former US Secretary of State Condoleezza Rice has joined the incoming ownership group for the Denver Broncos, led by Walmart heir Rob Walton, according to a report released by The Fayetteville Flyer on Monday.
The Flyer’s Todd Gill reported that the ownership group also includes Rob Walton’s daughter, Carrie Walton Penner, her husband, Greg Penner, and Mellody Hobson, co-CEO of Ariel Investments and chairwoman of Starbucks.
In April, Walmart heir Rob Walton discussed a $4.5 billion bid for the Denver Broncos NFL team. On June 6, Forbes reported that the billion-dollar deal would be enough to buy the NFL team, and would be the highest price ever to be paid for a sports team.
“We’re pleased to welcome former Secretary of State Condoleezza Rice to our ownership group,” Walton said in an official release. “A highly respected public servant, accomplished academic and corporate leader, Secretary Rice is well known as a passionate and knowledgeable football fan who has worked to make the sport stronger and better.”
The Flyer reported that Condoleezza Rice moved to Denver with her family in 1967 and received her undergraduate degree and Ph.D. from the University of Denver.
According to Gill, the group’s purchase of the team is currently under review by the NFL and must be approved by at least 24 of the league’s team owners to become official. A vote is expected in the coming weeks.
Photo courtesy of Denver Broncos