The Utah Jazz today announced that tech entrepreneur and Qualtrics founder, Ryan Smith, and his wife Ashley, are the new majority owners of the Utah Jazz and affiliated businesses following a unanimous vote of approval by the NBA Board of Governors.
The transaction included the Utah Jazz, Vivint Arena, the NBA G League Salt Lake City Stars, and management operations of the Triple-A baseball affiliate Salt Lake Bees. A separate agreement and approval process are ongoing for The Zone Sports Network (97.5 FM, 1280 AM). These properties will comprise the newly formed Smith Entertainment Group (SEG). Terms of the deal were not disclosed.