Utah Sports Scene Flourishes: A New Hockey Legacy and More
Salt Lake City is rapidly transforming into a vibrant hub for professional sports, thanks to the visionary investments and strategic acquisitions of local business magnate, Ryan Smith. The city recently witnessed the exciting debut of the Utah Hockey Club, an endeavor that marks a significant milestone in its sports history.
Ryan Smith, known for purchasing the Utah Jazz for a staggering $1.66 billion in 2020, further solidified his influence in the sports world by acquiring the NHL's Arizona Coyotes. The team’s relocation to Salt Lake City wasn't merely a change of scenery; it heralded a new era for hockey enthusiasts in Utah. The rebranded Utah Hockey Club adds another dynamic layer to the city's sports fabric, now boasting four professional sports clubs.
Among Smith's notable partners in this burgeoning sports landscape is Dwyane Wade, a retired NBA star who has taken on a role as a limited partner of the Utah Jazz. Wade's involvement underscores the draw of Salt Lake City's sports future. His enthusiasm was palpable when he remarked, "I took a plane to watch hockey! Never thought I'd do that in my life."
Beyond the Ice: Ryan Smith's Broader Impact
Ryan Smith's influence extends far beyond the ice rink. As the co-founder of Qualtrics, he leverages his business acumen not only in sports but also in urban development. Smith is deeply involved in the redevelopment of downtown Salt Lake City, although his plans have not been immune to public scrutiny.
Moreover, Smith is instrumental in Utah's ambitious bid to host the Winter Olympics in 2034. This aligns with his vision of a comprehensive sports ecosystem that brings together diverse professional teams, and passionate fans, and fosters an environment ripe for economic growth.
Smith's dedication to Utah's sports culture is further exemplified through his and his wife Ashley's stakes in Major League Soccer's Real Salt Lake and the National Women's Soccer League's Utah Royals. These investments reflect a commitment to gender diversity and inclusivity in sports. Ashley Smith's perspective on their partnership is telling: "We were thankful for the two of our brains combined and our different strengths."
A Commitment to Education and Community
Ryan Smith's ties to Salt Lake City are not confined to sports and business. He is actively engaged with Brigham Young University, where he co-teaches a business class. His connection to the university is driven by a sense of gratitude, as he mentioned, "I'm not a donor or involved with BYU because I went to school there. I'm there because I owe them a lot."
His involvement has also attracted top talents like A.J. Dybantsa, a prominent high school basketball prospect, to choose BYU, supported by a significant NIL financial package. This move suggests that Smith's influence is seeping into collegiate athletics, further enriching the local sports scene.
A Vision for the Future
Smith's ambitions don't stop at owning multiple sports franchises or contributing to academic institutions. He envisions a holistic approach to growth, urging community participation and engagement. "I want everyone to be all-in on whatever we're doing. And if people don't speak, they can't be all-in," he asserts. This call to action underscores his belief in collective progress and transparency.
For fans like Gentry Anderson, this hands-on approach from team ownership is refreshing. "It's been surreal to have three sports teams [four professional clubs] here now in Utah owned by someone who will come hang out with the fans," he shared, highlighting the unique relationship between Smith and the community.
As Salt Lake City continues to evolve under Ryan Smith's stewardship, the impact on its cultural and economic landscape is undeniable. The city is not just witnessing a renaissance in professional sports but is experiencing a broader transformation that embraces community, passion, and a clear vision for the future.