Utah's Sports Landscape Transformed by Ryan Smith's Vision and Investments
In the realm of professional sports, Utah is experiencing an unprecedented transformation, largely attributed to the ambitious aspirations and strategic endeavors of entrepreneur Ryan Smith. Known for co-founding Qualtrics, Smith is redefining Salt Lake City’s sportscape, translating his dreams into reality while simultaneously bolstering the region's professional sports presence across multiple leagues.
A New Chapter in Hockey
October marked a significant milestone for Salt Lake City as it welcomed the Utah Hockey Club to its lineup of professional sports teams. This addition came as Smith successfully acquired the NHL's Arizona Coyotes, subsequently relocating the team to Utah and giving them a fresh identity in a new market. For a place traditionally associated with basketball and other sports, the arrival of professional hockey is both exciting and indicative of Smith's broader vision for the city's athletic and cultural evolution.
Reflecting on the reach of hockey’s influence, NBA legend and Utah Jazz limited partner Dwyane Wade quipped, "I took a plane to watch hockey! Never thought I'd do that in my life." Wade’s involvement in Utah sports symbolizes the growing intersection of diverse athletic interests in the state.
Strategic Acquisitions and Dreams Realized
Ryan Smith’s journey into the sporting world began in earnest when he purchased the Utah Jazz for an impressive $1.66 billion in 2020. His acquisition of the Jazz not only expanded his business portfolio but also underscored his commitment to driving the state’s professional sports scene. "My dream is to become an NBA owner," Smith once expressed, a dream that is now a vibrant reality.
Smith's influence extends beyond basketball and hockey. Together with his wife, Ashley Smith, the couple holds stakes in Major League Soccer's Real Salt Lake and the National Women's Soccer League's Utah Royals. These investments are part of a broader strategy to position Utah as a heavyweight in the realm of professional sports, fostering community through a myriad of athletic avenues.
Engagement and Impact
The Smiths' involvement in regional development stretches further than financial investments. Ryan Smith's engagement with Brigham Young University involves not just lectures in business classes but also significant contributions to the school's athletic programs. One notable partnership materialized when top high school basketball prospect A.J. Dybantsa chose BYU, spurred by a compelling NIL financial package. Ryan Smith’s dedication to BYU underscores his appreciation for the institution: "I'm not a donor or involved with BYU because I went to school there. I'm there because I owe them a lot."
Meanwhile, in downtown Salt Lake City, Smith’s redevelopment initiatives have sparked both excitement and scrutiny from the public. As he navigates these challenges, Smith states, "I want everyone to be all-in on whatever we're doing. And if people don't speak, they can't be all-in." His candidness about community involvement highlights his commitment to inclusive progress and transformation.
Vision for the Future
Smith's ambitions extend even to the world stage, as he plays a key role in bringing the 2034 Winter Olympics to Utah—a testament to his foresight and dedication to elevating the state's global sporting profile. Under his aegis, Salt Lake City has become home to four professional sports clubs, creating a vibrant sports ecosystem that resonates with fans and enhances local pride.
Gentry Anderson, a local sports aficionado, captures the sentiment: "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." This sense of accessibility and community engagement is a hallmark of Smith’s approach, ensuring that ownership translates into active participation and support from the grassroots.
As Ryan Smith continues to wield significant influence in Utah's sporting arenas, his strategic vision, vibrant investments, and community-focused initiatives promise to redefine the state’s athletic identity for years to come. With each bold move, Smith not only enhances Utah’s status on the professional sports map but also nurtures a culture where fans and players alike can thrive. Through his actions, Smith proves that in Utah, sports are not just games—they are platforms for growth, opportunity, and collective triumph.