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Utah Jazz sold to tech billionaire Ryan Smith, ending three years of Miller ownership

the6man Oct 30

Sources told ESPN that the Utah Jazz and its home stadium Vivint Smart Home Arena were sold to Qualtrics founder Ryan Smith for $1.66 billion.

Smith (Smith) is 40 years old this year. He has lived in Utah and is also a jazz fan. He founded the software company Qualtrics, which was later reportedly sold for $8 billion.

The transfer of ownership is still awaiting the approval of the NBA Board of Directors, marking the end of the Miller family’s three-year trip to own the team.

Smith has a long-term partnership with the Jazz franchise, including a charity jersey patch, which has raised more than $25 million in recent years.

Smith said: “I have met Gal and Millers several times.”

“I have no secrets about my interest in the NBA, and I have no secrets about my interest in jazz. I grew up watching jazz. This is the team I cheer for. I play junior jazz. I dream of playing for jazz, but there is no secret. Success. But when I was sitting in the Junior Jazz program this week, you started to learn. There are thousands of children running around and the legacy you created is unshakable. We all express this deeply. Thank you. Jazz is a gift to the entire community. This is our view. Smith said: “This is our 100% view. “

As the owner of the Utah Jazz, Miller has achieved great success during their 35-year tenure.

The list of achievements includes 16 more than 50 winning seasons, 9 division titles and 2 Western Conference titles.

Since the 1989-90 season, the only team with a better record than the Jazz (1,470-1,014) is the San Antonio Spurs.

Gail Miller, 77, added the team to the Traditional Trust in 2017, with the goal of keeping the Jazz in Utah for a long time.

By selling Wednesday to Smith, the Miller family achieved this goal.

Ryan Smith has taken over a well-formed Jazz team and they all looked good after making the playoffs four consecutive times.

The team will look to the future with franchise cornerstones Donovan Mitchell and big man Rudy Gobert with a view to expanding.

This team has a long-term contract with coach Quin Snyder. Jazz chairman Dennis Lindsey and general manager Justin Zanik are both in position. They hope to cooperate with The best teams in the West competed for a while.

Gail and her late husband Larry Miller were known as the saviors of jazz. In the mid-1980s, fear of the team’s financial difficulties would bring them into Utah and move them out. In Utah, he controlled the Jazz.

At that time, Miller bought a 50% stake in the team in May 1985 and the other half in 1986.

Despite the sale, the Miller team will still maintain a small stake.

Miller said: “There is no doubt that in the past 35 years, we have experienced a long and meaningful journey.”

“Today is a day I can’t imagine.”





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This post is written by Eric Magana

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