Condoleezza Rice Joins Denver Broncos’ New Ownership Group

July 11, 2022 by Monique Nicole in Sports with 0 Comments

Condoleezza Rice Joins Denver Broncos’ New Ownership Group

It looks like Condoleezza Rice is now a part owner of the Denver Broncos!

The former U.S. Secretary of State is joining the new ownership group of the Denver Broncos led by Walmart heir Rob Walton and his family. The team’s new owners made the announcement on Monday (July 11). Walton had this to say in a statement:

“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.

He continued,

“She is the daughter of a football coach and served on the inaugural College Football Playoff Committee….Her unique experience and extraordinary judgment will be a great benefit to our group and the Broncos organization.”

Condoleezza Rice, 67, has strong ties to the Denver community. She received her undergraduate degree and Ph.D. from the University of Denver and has previously been linked to a variety of potential NFL roles. Rice–who also served as the national security adviser for President George W. Bush before she was Secretary of State, was also the Provost of Stanford University. Rice said in a statement,

“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 a part of the Broncos organization today. I spent much of my younger years in Denver, so to be able to combine my love of the game with my love for this great city and team is an adventure of a lifetime and a great opportunity.”

Condoleezza Rice

Condoleezza Rice is the latest to join the new ownership group, which has reportedly agreed to purchase the Broncos for $4.65 billion. That figure sets a record for the sale of an American sports team, breaking the previous record set when the Brooklyn Nets were sold for about $2.3 billion.

The Denver Broncos have been in the headlines lately as it was reported last month that both Magic Johnson and Kanye West lost their bid to buying the NFL team. Despite their best efforts of becoming the NFL’s first black team owners, both men lost the Broncos team to Walmart heir Rob Walton and his family, who purchased the NFL team for $4.65 billion, making it the biggest deal for a North American franchise in sports history.