In a bold move that has reshaped the sports landscape in Utah, entrepreneur Ryan Smith has brought the NHL to Salt Lake City. The former Arizona Coyotes have been transformed into the Utah Hockey Club, marking the latest sports venture in Smith's expansive portfolio, which already includes stakes in the NBA, MLS, and NWSL. This dynamic expansion underscores Smith's commitment to elevating Utah as a hub of professional sports.
The Utah Hockey Club's grand opening night was graced by a galaxy of stars, including NBA legend and Basketball Hall of Famer Dwyane Wade, who is not only a celebrated figure in basketball but also a limited partner in both the Utah Jazz and the newly formed hockey club. Wade, who co-owns the Jazz alongside Smith, remarked humorously on his newfound interest, stating, "I took a plane to watch hockey! Never thought I'd do that in my life."
Smith's foray into sports began with his acquisition of the Utah Jazz for $1.66 billion in 2020, a strategic partnership with Wade that has brought fresh energy to Utah's sporting community. Together, the duo's influence extends across multiple sports, with Smith also holding interests in MLS' Real Salt Lake and NWSL's Utah Royals. Such diversification speaks to Smith's expansive vision for sports in the region.
Gentry Anderson, a keen observer of Utah's sports scene, commented on the rare concentration of ownership, noting, "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." This accessibility has endeared Smith to local sports enthusiasts, fostering a sense of community around the teams.
Beyond sports, Smith's influence pervades other significant aspects of Utah's development. He played a pivotal role in securing a successful bid to host the 2034 Winter Olympics, which promises to bring global attention and economic benefits to the state. His vision also extends to academic engagement, with Smith serving as a guest lecturer at Brigham Young University, where he inspires future leaders.
On the topic of the burgeoning sports media landscape, Smith has been proactive, inviting innovation in broadcasting. In conversation with NBA Commissioner Adam Silver, he declared, "Use me as a laboratory for the future of NBA broadcasts." This approach underscores his commitment to pioneering advancements that could redefine sports consumption.
Within Utah's vibrant sports tapestry, the narrative of A.J. Dybantsa provides a compelling subplot. The young athlete's commitment to Brigham Young University has stirred discussions around his lucrative NIL (Name, Image, Likeness) deal, rumored to be between $4 million to $7 million. While Ryan Smith is notably not involved financially in this deal, it highlights the growing financial opportunities for athletes through collegiate partnerships and endorsements.
Continuing his entrepreneurial journey, Smith's business acumen is perhaps best highlighted by his co-founding of Qualtrics, a tech company that was sold to SAP for a staggering $8 billion. This success story has allowed him the flexibility to invest deeply in his passions and community, as evidenced by his efforts to rejuvenate Salt Lake City's downtown area.
Ryan Smith's odyssey through the realms of sports, business, and community development paints a portrait of a visionary leader dedicated to transforming Utah's place on the national stage. His journey is emblematic of the determination he famously espouses: "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." As Smith continues to expand his influence, Utah stands at the threshold of becoming a powerhouse in professional sports, fueled by ambition and a united local fanbase.