Denver Broncos Owners Group Adds Condoleezza Rice

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Forms US Secretary of State Condoleezza Rice was added to the new Broncos owner group.

Rob Walton announced Rice’s inclusion in a statement released Monday on behalf of the Walton-Penner family’s owner group. Last month, the group agreed to buy the franchise from the Pat Bowlen Trust for $4.65 billion. NFL approval pending.

“A respected public official, 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,” Walton said in a statement. “Her unique experience and extraordinary judgment will greatly benefit our group and Broncos organization. “

Rice has strong ties to the Denver community. She received her bachelor’s and Ph.D. from the University of Denver.

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Condoleezza Rice has joined a new group of Broncos owners.

Condoleezza Rice has joined a new group of Broncos owners.
(AP Photo/Ben Margot, file)

Former Stanford Vice Chancellor Rice served as Secretary of State under President George W. Bush from 2005 to 2009. She also served on the College Football Playoff Selection Committee and chaired the College Basketball Committee.

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The new owner group is led by Walton and includes his daughter Carrie Walton Penner and her husband Greg Penner.

Walton, 77 was chairman of Walmart, the world’s largest retailer, from 1992 to 2015 when he retired. He is the eldest son of founder Sam Walton and Helen Walton and is worth an estimated nearly $60 billion.