FILE - In this Jan. 23, 2017, file photo, Utah Jazz owner Gail Miller speaks during a news conference in Salt Lake City.
The NBA's Board of Governors unanimously approved the sale Friday, Dec. 18, 2020, of the Utah Jazz to a group led by technology entrepreneur Ryan Smith, ending the Miller familys 35-year run as owners of the franchise.
(AP Photo/Rick Bowmer, File)SALT LAKE CITY – The NBA's Board of Governors unanimously approved the sale Friday of the Utah Jazz to a group led by technology entrepreneur Ryan Smith, ending the Miller family’s 35-year run as owners of the franchise.
“Ryan Smith is a forward-thinking, community-minded entrepreneur and business leader who will be a fantastic addition to our league,” NBA Commissioner Adam Silver said in a statement.
Forbes, in its annual valuation of franchises, said the Jazz were worth $1.55 billion earlier this year.