An Era of Change: Ryan Smith's Transformative Impact on Utah Sports
In a series of bold moves, Ryan Smith is reshaping the sports landscape in Utah. The entrepreneur, known for co-founding Qualtrics, has made significant strides by acquiring and bringing multiple professional sports teams to the state. The latest addition to his portfolio, the Utah Hockey Club, formerly known as the Arizona Coyotes, marks a new chapter for hockey in the region.
Smith's vision came to fruition with his acquisition of the NHL’s Arizona Coyotes, relocating the franchise to Salt Lake City. This strategic move not only rebranded them as the Utah Hockey Club but also infused renewed enthusiasm into the local sports scene. The opening night was a star-studded affair graced by celebrities such as Dwyane Wade and Gabrielle Union, setting a high bar for the team's future games. Wade, a retired Basketball Hall of Fame guard, is not just a celebrity guest but also a limited partner of both the Utah Jazz and the Utah Hockey Club, alongside Smith.
"I took a plane to watch hockey! Never thought I'd do that in my life," Wade remarked, reflecting the infectious buzz surrounding the team's debut. Wade's involvement highlights the unique synergy between basketball and hockey in Utah, driven by a shared commitment to elevate the state's sports profile.
A Portfolio of Passion
Smith's foray into sports ownership extends beyond hockey. In 2020, he co-acquired the Utah Jazz with Wade for a staggering $1.66 billion. The partnership adds depth to Smith's investment strategy, underscoring his dedication to fostering dynamic sports environments in Utah. Furthermore, Smith holds stakes in Real Salt Lake of MLS and the Utah Royals of the NWSL, further anchoring his presence in Utah's sporting arena.
With these acquisitions, Smith nurtures a burgeoning sports culture that aligns perfectly with Utah's community spirit. "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," said Gentry Anderson, echoing the sentiment of local fans who appreciate Smith's accessibility and dedication.
Building Beyond the Arena
Smith's vision extends beyond owning sports teams. His involvement in a successful bid delegation in Paris was pivotal in bringing the 2034 Winter Olympics to Utah, a monumental achievement that positions the state as a future hub for international winter sports. Whether it’s cultivating local talent or ensuring Utah maintains global relevance in sports, Smith's efforts are transformative.
On the campuses of Brigham Young University, Smith’s influence is felt as a guest lecturer. Despite rumors of a lucrative NIL deal between A.J. Dybantsa and the university, reported to be valued between $4 million to $7 million, Smith has no direct financial involvement in these agreements. This distinction preserves his focus on offering educational insights, rather than commercial interests, to students.
A Revival of Community Spirit
Smith’s sports investments mirror his commitment to rejuvenating Salt Lake City's downtown area, creating a vibrant epicenter for sports and community interactions. The downtown revival project is essential to Smith’s strategy, fostering synergy between sports, local businesses, and residents. This holistic approach is evident in his commitment: "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," Smith states, illustrating a profound personal philosophy that drives his business decisions.
Reflecting on his dynamic ventures, Smith once offered, "Use me as a laboratory for the future of NBA broadcasts," to NBA commissioner Adam Silver. This call for innovation encapsulates Smith's broader pursuit of transformation within sports media and administration, signaling a readiness to adapt and overcome the challenges future sports landscapes may present.
With every strategic move, Ryan Smith solidifies his role as a key architect in redefining Utah's sports culture and its integration into community life. Through calculated investments and an unwavering dedication to innovation, Smith is shaping a future where Utah stands proudly at the forefront of national and international sports.