SALT LAKE CITY: The majority interest of the Utah Jazz is being sold to technology entrepreneur Ryan Smith, a move that when formally approved by the NBA will end the Miller family’s 35-year run as owners of the franchise. Gail Miller, the owner and chair of the Larry H. Miller Group, said she has known Smith and his wife Ashley for some time. The Miller family will retain a stake in the franchise. “The Miller family has had an unbelievable impact on countless people through the Utah Jazz and the other organizations they run,” Smith said. Forbes, in its annual valuation of franchises, said the Jazz were worth $1.55 billion earlier this year.

Source: Manila Times October 29, 2020 16:18 UTC