Mellody Hobson set to become Part Owner of the Denver Broncos Kevin Fleming June 9, 2022 Entertainment, Sports News One of the most influential Black women executives in the country is a partner in the ownership group that just struck a deal to buy the Denver Broncos. The Broncos announced that the team had reached a deal to be bought by a group led by Walmart heir Rob Walton, and ESPN reported today that that group included Mellody Hobson, the co-CEO of Chicago-based Ariel Investments. Hobson, 53, is one of the most powerful executives in the country. In addition to leading Ariel alongside co-CEO John W. Rogers Jr., Hobson also chairs Starbucks Corp.’s board of directors and sits on the board of financial services giant JP Morgan Chase. She’s also the spouse of legendary filmmaker George Lucas. It’s unclear what percentage of the Broncos that Hobson would own but the sale price suggests that owning even a small percentage would be worth a considerable amount. The Walton group is expected to $4.65 billion for the team, a record amount, a record for an American sports team. The Broncos were last valued by Forbes at $3.75 billion in 2021, ranking 10th in the NFL. Read more in TheRoot.com. Related
