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While she had no intention of parting with the franchise, the owner of the Jazz gave in to Ryan Smith's offer Notably because she is confident that the Jazz will stay in Salt Lake City.
The announcement of the sale, from the Miller family to local tech entrepreneur Ryan Smith, came as a shock to most, after 35 years of family leading the team
The Miller family, who have owned the Utah Jazz franchise of the NBA since 1985, have reached a deal to sell the team to Qualtrics founder Ryan Smith, the team announced Wednesday morning.
The Jazz are the first NBA team sold since the coronavirus pandemic, and the price reflects the league's strong growth prospects
After 35 years, Gail Miller and her family sell Utah Jazz to cloud computing billionaire Ryan Smith
The Jazz announced that Miller "will make a virtual and special announcement today from Vivint Arena in Salt Lake City, Utah" at 10 a.m. but later confirmed the news in a press release.