As expected, the NBA Board of Governors accepts the sale of the Utah Jazz to local tech entrepreneur Ryan Smith. For the past 35 years, the franchise owners had been members of the Miller family, which marked a legacy for those in Salt Lake City. However, it was a fact that with time and the death of Larry H. Miller, the relationship with the team had been rusting away for obvious reasons. Thus, the arrival of the former owner of the multinational Qualtrics was more than necessary, in addition to the fact that he has demonstrated his strong ties with the Jazz throughout his life.
In the signing for the franchise, the 43-year-old businessman not only acquired the NBA team, but this change of powers also included the Salt Lake City Stars of the Development League, and the Vivint Smart Home Arena. In this way, Ryan Smith and his wife, also a participant in the project, enter the Jazz on a very good footing. These, at least, should maintain the good future of the Utah organization in recent decades. Well, it should be noted that in the time period in which the Millers were (35 years old) they have been the third franchise with the best percentage of victories in the NBA (0.588%), only behind the Spurs (0.633%) and the Lakers (0.596%).
On the other hand, the always stylish Adam Silver welcomed Ryan to the NBA as a good commissioner of the League. “Ryan Smith is a forward-thinking, community-minded entrepreneur and business leader who will be a fantastic addition to our league,” he added. The New York attorney also said goodbye to the former owners and thanked them for their work: “We also greatly appreciate Gail Miller, Greg Miller and the Miller family for 35 years of outstanding leadership and service and, on behalf of the entire NBA, we thank them for always the fact of running a first-class organization in every way ”.
- Ryan Smith is the CEO and cofounder of Utah-based cloud computing company Qualtrics.
- He cofounded the company in Provo, Utah in 2002 with his brother, Jared, and father Scott.
- Three days before its scheduled IPO in January 2019, Qualtrics was acquired by German software firm SAP for $8 billion in cash.
- Smith still runs Qualtrics as an independent unit inside SAP.
Finally, it was Ryan Smith who took the floor and thanked his predecessor for his work: “I am incredibly grateful to Gail Miller and her family for placing their trust in Ashley and me to carry on their incredible legacy.” The new owner ended up showing his commitment to the team: “The Jazz have a team of great leaders who will continue to guide the organization. We are all committed to building something great in Utah. “