Rice has strong ties to the Denver community. She received her undergraduate degree and Ph.D. from the University of Denver.
The former provost at Stanford University, Rice served as Secretary of State under President George W. Bush from 2005-2009. She’s also been on the College Football Playoff selection committee and chaired a commission on college basketball.
The new ownership group is led by Walton and includes his daughter, Carrie Walton Penner, and her husband, Greg Penner.
Walton, 77, was chair of Walmart, the world’s largest retailer, from 1992-2015, when he retired. He is the eldest son of founder Sam Walton and Helen Walton and has an estimated net worth of nearly $60 billion.