By making this purchase, Smith followed in the footsteps of fellow tech billionaires Mark Cuban, the owner of the Dallas Mavericks, and Steve Ballmer, the owner of the Los Angeles Clippers.
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Ryan agreed to purchase Utah Jazz in October 2020 for $1.66 billion, and on December 18, the NBA’s Board of Governors unanimously approved this transfer of ownership. Smith is an American billionaire and businessman, and aside from being an owner of the NBA team, he is also a partial shareholder of the Real Salt Lake in MLS. He bought the team from the Miller family, who had owned it ever since 1985. Ryan Smith is a 45-year-old Utah native and current owner of the Utah Jazz. About Ryan Smith, the New Utah Jazz Owner There are a lot of topics to cover regarding the Jazz owner, so without further delay, let us start. They have been striving towards success ever since the Stockton and Malone era to the present with the likes of Donovan Mitchel, Rudy Gobert, and Mike Conley.Īlthough the team is yet to reach the finals after the Stockton/Malone era ended, the management and ownership keep working on improvements. The importance of the Utah Jazz team in the National Basketball Association is enormous. Such success can only be achieved when the whole organization is healthy from top to bottom, and today we are going to talk about current Utah Jazz owner, Ryan Smith. Utah Jazz is an NBA team with rich history both on and off the court, and it has been one of the top dogs in the Western Conference for a while now.