STATEMENT FROM THE UTAH JAZZ
The Utah Jazz announced that Dwyane Wade, 13-time NBA All-Star and three-time NBA champion, will join its ownership group. The ownership group is the youngest in the NBA and is led by technology entrepreneur and Qualtrics founder Ryan Smith and his wife Ashley who acquired a majority interest in the Utah Jazz in late 2020. The small ownership group has previously consisted of tech leaders, including legendary investor and Accel partner Ryan Sweeney, and Atlassian co-founder Mike Cannon-Brookes in addition to the Miller family. Today they announced the addition of Wade.
“Dwyane is not only a basketball legend, he is also a great leader, businessman, and human being,” said Ryan Smith, NBA governor of the Utah Jazz. “As we continue to build on the incredible legacy of the Utah Jazz franchise, we are excited to add Dwyane’s experience and expertise to the equation. Utah is an amazing place and I couldn’t be more thrilled about the future of the franchise and the future of this state. Dwyane’s influence will be important to both.”
Smith and Wade have known each other for several years and have engaged in numerous conversations about working together in various business and investment capacities. Shortly after Smith acquired the Utah Jazz, he and Wade began conversations about Wade joining the Utah Jazz ownership group and Smith Entertainment Group (SEG), the first of many joint business ventures.
“Partnering with Ryan and the Utah Jazz is the perfect fit as we share the same vision and values,” said Dwyane Wade. “Not only is this group focused on building a championship franchise, they are also committed to using their platform to do good and actively create a more inclusive, equitable world. We share a lot of the same goals and are trying to go the same places in life. As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience. I’m excited to help take the Utah Jazz to the next level. I am always looking for new opportunities to grow and challenge myself. I’ve always done things my own way and this is the next step in my journey. As a kid from the south side of Chicago, this partnership goes beyond my wildest dreams of playing basketball, and I hope to inspire the next generation of dreamers.”