Ryan Smith has become a formidable force in the realm of sports ownership, solidifying his foothold in Utah with yet another bold move. Leaving no stone unturned, the tech entrepreneur and revered sports enthusiast acquired the NHL's Arizona Coyotes and relocated them to Salt Lake City, giving rise to the newly minted Utah Hockey Club. This acquisition is part of a larger commitment by Smith to transform Utah into a sports hub and inspire engagement within the community.
Opening Night Extravaganza
To celebrate the opening night of the Utah Hockey Club's season, celebrities took center stage, bringing added glamour to the occasion. Among the notable guests were NBA legend Dwyane Wade and his wife, actress Gabrielle Union. Wade, a Basketball Hall of Fame inductee, is not just a spectator; he plays an integral part as a limited partner of both the Utah Jazz and the Utah Hockey Club. "I took a plane to watch hockey! Never thought I'd do that in my life," Wade remarked, highlighting the enthusiasm and commitment he brings to his various roles within the Utah sports community.
The Vision Behind the Ownership
Smith's trajectory was not an overnight success. "No one's really given me anything in life. If you wanted something, you have to go get it. It just doesn't happen any other way," he shared, showcasing his unyielding spirit. This gritty determination was exemplified in 2020 when he teamed up with Wade to acquire the Utah Jazz for an impressive $1.66 billion. Their partnership transcends basketball, as both now play pivotal roles in Utah’s flourishing sports landscape. Smith's sports portfolio also includes stakes in MLS's Real Salt Lake and NWSL's Utah Royals, ensuring a diversified sports culture in Utah.
Moreover, Smith made headlines when Salt Lake City won the bid to host the 2034 Winter Olympics. His involvement with the delegation that traveled to Paris was instrumental in securing this historic achievement, underscoring his influence and ambition to elevate Utah on the world stage.
Nurturing the Next Generation
Smith's impact extends beyond professional sports. A.J. Dybantsa, a name appearing more frequently in sports conversations, committed to Brigham Young University, reportedly leveraging a lucrative Name, Image, and Likeness (NIL) deal valued between $4 million to $7 million. While Smith is not financially linked to Dybantsa's deal, his position as a guest lecturer at the university illustrates his dedication to nurturing new talent and fostering educational initiatives.
An Entrepreneurial Legacy
Smith's entrepreneurial journey began with the co-founding of Qualtrics, a tech powerhouse that was ultimately sold to SAP for $8 billion. This innovative mindset continues to fuel his ambitious plans, such as his efforts to rejuvenate Salt Lake City's downtown area, creating a vibrant economic and cultural environment for residents and visitors alike.
The reach of Smith's influence does not go unnoticed. "It's been surreal to be able to have three sports teams [four professional clubs] here now in Utah owned by someone who will come hang out with the fans," remarked sports commentator Gentry Anderson. This statement encapsulates Smith's philosophy of breaking down barriers between fans and team ownership, creating a sense of community that resonates deeply with the people of Utah.
The Future of Utah Sports
In discussions with NBA commissioner Adam Silver, Smith once humorously quipped, "Use me as a laboratory for the future of NBA broadcasts," indicating his willingness to innovate and experiment with fan experiences. This readiness to adapt and evolve sets a promising precedent for what's to come.
With his unwavering commitment and visionary leadership, Ryan Smith is redefining what it means to be a sports owner in the 21st century. His endeavors continue to capture the imagination of fans, aspiring athletes, and fellow entrepreneurs, painting a bright future for sports in Utah and beyond.