CNN
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Former Secretary of State Condoleezza Rice is joining the new Denver Broncos ownership group, the NFL team announced Monday.

Rice said it was an honor to join the 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.” Rice, the daughter of a football coach, said on Facebook.

Walmart heir Rob Walton called her a highly respected public servant and an accomplished academic and business 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 on behalf of the Walton-Penner family group that has offered to buy the team.

“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.”

Last month, the Broncos and the Walton-Penner family entered into a purchase and sale agreement to acquire the team from the Pat Bowlen Trust. The agreement is subject to approval from the NFL’s finance committee and league ownership.

According to ESPN, the deal is expected to be worth $4.65 billion – a record price tag for a North American sports franchise.

Rice was the national security adviser in the George W. Bush Administration from January 2001 until January 2005, when she became Secretary of State, a position she held until January 2009.

Rice’s name has been linked to football groups before.

In 2018, ESPN reported, citing a league source, that the Cleveland Browns wanted to interview Rice for the head

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