Condoleezza Rice has announced she will be a new minority owner of the NFL’s Denver Broncos.
The former Secretary of State will join the board of the organization but the size of her stake has not been disclosed.
The new ownership group includes Rob Walton (Walmart), his daughter and her husband, Carrie Walton Penner and Greg Penner, and the co-CEO of Ariel Investments Mellody Hobson.
The group agreed to buy the Broncos for $4.65 billion, a record for the sale of an American sports team.
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 it was introduced to me, and I am thrilled to be part of the Broncos organization today.
“I spent much of my younger days in Denver, so to be able to combine my love of the game with my love of this great city and team is an adventure of a lifetime and a great opportunity.”
— Condoleezza Rice (@CondoleezzaRice) July 11, 2022
The team said:
“We’re pleased to welcome former Secretary of State Condoleezza Rice to our ownership group.
“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.
“She is the daughter of a football coach and served on the inaugural College Football Playoff Committee.
“She moved to Denver with her family when she was 12 years old and went on to attend the University of Denver for both college and graduate school.
“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