Former U.S. Secretary of State Condoleezza Rice. Michael Caterina / USA TODAY NETWORK

Former Secretary of State Condoleezza Rice joins Broncos ownership group

By Chelena Goldman | Last updated 7/11/22

The Denver Broncos announced on Monday that former Secretary of State Condoleezza Rice has joined the team's ownership group, Walton-Penner.

Rice grew up in the Denver area and received a bachelor's degree and doctorate degree from the University of Denver, according to ESPN.

"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," Rob Walton said in a statement. "Her unique experience and extraordinary judgment will be a great benefit to our group and the Broncos organization.''

The Walton-Penner Family Ownership Group is pleased to welcome former Secretary of State @CondoleezzaRice to its ownership group.

Statement » pic.twitter.com/yqVHrPhC2M
— Denver Broncos (@Broncos) July 11, 2022

The ownership group, which includes Walton, his daughter Carrie Walton Penner, her husband Greg Penner and co-CEO of Ariel Investments and chair of the board for Starbucks Corporation Mellody Hobson, agreed to buy the team in June for $4.65 billion. Greg and Carrie Walton Penner are expected to have prominent, visible roles when it comes to the day-to-day management of the team, which was put up for sale back in February.

The NFL is still reviewing the sale of the team, ESPN reported.

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