Utah's sports scene has undergone a seismic shift, fueled by the ambitious and multifaceted investments of Ryan Smith. The tech entrepreneur and co-founder of Qualtrics has expanded his influence beyond the digital realm, forging a legacy across multiple sports and reshaping the athletic landscape of Salt Lake City.
A New Chapter for Hockey
In a bold move that has captivated sports enthusiasts, Smith acquired the NHL's Arizona Coyotes and moved them to Salt Lake City, rebranding them as the Utah Hockey Club. The team's opening night resonated with excitement, highlighted by the presence of celebrities Dwyane Wade and Gabrielle Union. Wade, a retired Basketball Hall of Fame guard, isn't just a spectator but a limited partner in both the Utah Jazz and the Utah Hockey Club. His association with Smith dates back to the acquisition of the Utah Jazz, which they co-own after purchasing the team for a staggering $1.66 billion in 2020.
"I took a plane to watch hockey! Never thought I'd do that in my life," Wade quipped, illustrating his growing passion for the sport and his commitment to the Utah community. This camaraderie between Smith and Wade underscores not only their business partnership but also a shared vision for sports in Utah.
Expanding the Sports Portfolio
Smith's portfolio extends beyond basketball and hockey. He holds significant stakes in Major League Soccer's Real Salt Lake and the National Women's Soccer League's Utah Royals. This diversification highlights his dedication to developing a robust sports culture in Utah, providing fans and athletes with a broad spectrum of professional teams to support and enjoy.
Emphasizing his deep-rooted belief in self-reliance and perseverance, Smith stated, "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." His journey from co-founding Qualtrics to becoming a pivotal figure in Utah's sports renaissance epitomizes this philosophy.
Beyond the Games
Smith's ambitions transcend the world of sports. He has been instrumental in the successful bid to bring the 2034 Winter Olympics to Utah, demonstrating his commitment to turning Salt Lake City into a hub of athletic excellence. Additionally, Smith is actively involved in plans to rejuvenate downtown Salt Lake City, an effort that promises to enhance the city's appeal both culturally and economically.
Furthermore, Smith contributes to the academic community as a guest lecturer at Brigham Young University, where basketball prodigy A.J. Dybantsa recently committed. Although rumors swirl around Dybantsa's substantial NIL deal, with figures ranging from $4 million to $7 million, it’s clear that Smith is not financially implicated in this agreement, emphasizing his ethical stance in compartmentalizing his business ventures and academic involvement.
A Community-Centric Philosophy
The presence of sports moguls who maintain a close bond with fans is rare, but Gentry Anderson acknowledges this unique aspect, remarking, "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 fortifies Smith's rapport with the local community, fostering a loyal and passionate fan base.
Continuing to innovate within the sports industry, Smith has expressed a desire to be at the forefront of sports broadcasting evolution. He encouraged NBA commissioner Adam Silver, saying, "Use me as a laboratory for the future of NBA broadcasts." This forward-thinking approach hints at his vision to push traditional sports experiences into an exciting, future-oriented domain.
Ryan Smith's imprint on Utah is undeniably profound. From orchestrating major team relocations to championing infrastructural advancements, his efforts exemplify how passion for sports, business acumen, and community involvement can converge to create a lasting legacy. As Utah's sports narrative unfolds, Smith remains at its heart, driving change with a vision that promises to inspire generations to come.