Mellody Hobson is an exemplar of excellence in the community. Her business acumen is incomparable. And as a serial entrepreneur, her efforts are legendary. One only needs to peruse recent headlines of her newest historical move to see she is an unstoppable force of nature. According to headlines, Mellody is set to be one of the first Black Female co-owners of the Denver Broncos due to a joint acquisition.
Hobson Shines in Leadership
Mellody Hobson is a strategic leader. Her resume includes leadership positions with Starbucks and entertainment giant DreamWorks Animation Studios. Additionally, of mention, is her seat on the board of one of the most affluent financial institutions, JP Morgan and Chase. But that’s not all; currently, she holds an executive position with Ariel Investments, which is phenomenal. And now, she is taking her acumen into the realm of sports.
Hobson Breaking Barriers
Mellody is not the only one on the team of investors. According to Revolt,
“Also, in the group are [Rob] Walton’s daughter, Carrie Walton Penner, and his son-in-law Greg Penner, who will become minority owners as well.”
While she will not have full ownership, her partial stake in the team is a move of historic proportions. And it is her accomplishments that we wish to shine a light on. Respectfully, as a Black Female, her role in this acquisition is groundbreaking. She will join the likes of other few but powerful Black females with firsts in the realm of sports ownership. As highlighted by NBC, others include Serena Williams, Katrina Adams, Lisa Borders, Pamela El, Sheila Johnson, Adrienne Lofton, and Michele Roberts.
The Path to Ownership
Reportedly the Broncos were actively looking for new ownership after Roger Goodall announced the team was up for sale. The speculation is that intense scrutiny of the lack of minority ownership turned sights toward a more diverse body of owners. However, Hobson and her partners were not the only ones with a bid. There were many potential buyers in line. And Afrotech ran stories on the several other investors with interest, and two of note were Jay-Z and Jeff Bezos. However, it appears that the team of Hobson, Walton, and a few more have snagged the acquisition with an offer of 4.65 billion pending approval by NFL owners.
The Light that Shines on Hobson
Given Hobson’s work and accomplishments, there is no doubt that she will bring her A-game. In a recent press release, her acquisition partner Rob Walton had this to say
“We know she will bring her strategic acumen and leadership perspective to our team.”
That’s a considerable boost. Nevertheless, it’s one thing to know your capabilities. But, when others are equally accomplished and recognize your skill and strength, that’s legitimately awesome.
Hobson Accomplishments Markers of Progress
Progress is measured by moving forward. And every time ceilings are shattered and leadership barriers splintered, it reflects what is possible. Flawlessly, Hobson proves time and time again that anything is possible. So, we salute her. And it is our hope she continues to be the walking demonstration of Black Female Excellence she is.
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Written by Renae Richardson
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