Former Secretary of State Condoleezza Rice Joins Broncos' New Ownership Group

Condoleezza Rice is joining the Denver Broncos ownership group.

The Pat Bowlen Trust agreed to sell the Broncos to an ownership group led by Rob Walton, his daughter Carrie and her husband Greg Penner.

Rice replaced Colin Powell as Secretary of State during Bush's second term.

The chair of the board for Starbucks and a JP Morgan Chase director are also part of the ownership group.

The purchase of the Denver Broncos is something we are very excited about. The statement was made in June. The opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans is inspiring. We've always been a fan of the Broncos. Over the last few months, we have learned more about the team, staff and Broncos Country.

The sale is being considered by the owners of the league.

Rice was a member of the inaugural College Football Playoff Committee.

Mike Klis @mikeklis

Condoleeza Rice moved with her family to Denver when she was 12 and graduated with bachelor's degree and PhD from University of Denver. So she has local ties besides giving Broncos ownership another highly accomplished Black woman, along with Mellody Hobson. #9sports

She is a fan of the National Football League and the daughter of a football coach.

Rice told CBS Sunday Morning that he wanted to be an All-American. I could have done it if I had been a boy.

She'll be part of the ownership of the team.