Gail Miller, owner and chair of the Larry H. Miller Group of Companies (LHM Group), and the Miller family today announced they have entered into definitive agreements to sell a majority interest in the Utah Jazz and other sports and entertainment properties to technology entrepreneur Ryan Smith, co-founder of Utah-based Qualtrics.
Included in the pending transaction are the Utah Jazz, Vivint Arena, the National Basketball Association (NBA) G League Salt Lake City Stars, and management of the Triple-A baseball affiliate Salt Lake Bees.
Smith has been a strong corporate partner of the Utah Jazz for many years and was co-creator of the “5 For The Fight” jersey patch, the first philanthropic jersey patch in the history of North American professional sports. 5 For The Fight has raised over $25 million since the patch partnership was announced just three years ago.
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