Utah Jazz, NBA franchise was sold for 1.66 billion dollars. After 35 years under the command of the same family, who had acquired it for 24,000,000, the businessman Ryan Smith, a fan of the institution, decided to get it according to the American press. It has yet to be made official due to the approval of the league’s board of governors.
Smith, 40, and former owner of Qualtrics company, purchased the Vivint Smart Home franchise and stadium from the Miller family. The new owner He always lived in Utah, is a renowned fan of the team and sold Qualtrics for $ 8 billionnoted the Utah Daily Herald.
Last season his company was advertised on the Jazz jersey and now owns the entire franchise, although the acquisition has yet to be approved by the NBA’s board of governors.
The Miller family, Owner of the Jazz for 35 years, she bought the team for $ 24,000,000 and in all that time utah added 16 seasons with 50 or more wins, nine Division titles, two in the Western Conference and only the San Antonio Spurs have a better winning percentage than the Jazz (59.2 percent).
The Millers’ goal was to sell the franchise to someone who would keep it in Utah for a long time. and it seems that this will be as Smith said: “I had approached the Millers a couple of times. There is no secret about my interest in the NBA and the Jazz. I grew up watching the team, I dreamed of playing for the Jazz, but it didn’t happen. This team is a gift for this whole community“.
The new owner takes over a franchise that has four consecutive playoff appearances and that he could move up a notch in the near future if he keeps his two stars: Donovan Mitchell and Frenchman Rudy Gobert.
The relationship between Mitchell and Gobert is not good after the French center suffered coronavirus and joked about it in the locker room before he knew that he suffered from it, with which he infected his partner.