Gail Miller, Larry H. The owner and chairman of the Miller Group of Companies (LHM Group) and the Miller family announced today that they have entered into a specific agreement to sell a majority interest in Utah Jazz and other sports and entertainment properties to a techno entrepreneur. Ryan Smith, co-founder of Utah-based Qualtrix.
Outstanding transactions include the management of Utah Jazz, Vivint Arena, National Basketball Association l Association (NBA) G League Salt Lake City Stars, and Triple-A Bezab .l affiliated Salt Lake Bees.
Smith has been a strong corporate partner of Utah Jazz for many years and“5 Fight for Fight” jersey patch, creator, first philanthropic jersey patch in North American history Professional sports. The 5 Patch partnership has raised more than $ 25 million since Fight for the Fight was announced just three years ago.
“I’ve known Ryan for many years and appreciate the values by which he and his wife Ashley live their lives,” said Gail Miller. “They have this kind of love for them and a connection to UtahD The team. Due to our friendship and many high-level conversations over the years, Ryan recently contacted our organization to inquire about Uta Jazz and the possibility of buying some of our sports and entertainment assets. After much soul searching, lengthy discussions, and a detailed evaluation of our long-term goals, my family and I decided that this was the right time to pass our responsibility, and to Ryan and Ashley, who shared our values and committed to them, Gave. Keep the team in Utah. We are all confident that they will continue the work we have undertaken and take the team to the next level. Our family invests in the success of Uta Jazz and these businesses, and we will maintain a min.Ritual interest. ”
Upon completion of the transaction, Smith will become the NBA Governor of Utah Jazz and its affiliates, and will have the final say on all business and basketball operations related to the team and other assets involved in this transaction. Steve Stark will be a consultant in addition to his role as chief executive officer for the LHM Group.
“The Miller family has had an incredible impact on Utah Jazz and countless others Other institutions they have RsAnn, ”Smith said. “We owe everything to the Miller family for the amazing thing He has been in charge of the property for the last 35 years. My wife and I are very polite
