Home Actualité internationale World News – AU – NBA 2020: Utah Jazz Sold, Mike Cannon-Brookes, Billionaire, Ryan Sweeney, Ryan Smith
Actualité internationale

World News – AU – NBA 2020: Utah Jazz Sold, Mike Cannon-Brookes, Billionaire, Ryan Sweeney, Ryan Smith

. . Tech billionaire Mike Cannon-Brookes is the first Australian owner of an NBA team.

. .

Cannon-Brookes is part of an ownership group that includes two other tech entrepreneurs – Ryan Smith and Ryan Sweeney – who run Utah Jazz.

The Daily Telegraph reports that he paid « hundreds of millions of dollars » to be part of the buy-in.

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Forbes magazine ranked jazz 21st out of 30 NBA clubs earlier this year at $ 1. 55 billion.

Forbes ranked Cannon-Brookes as the youngest billionaire in Australia in 2019, while ranking him fifth on the list of the 50 richest Australian countries in 2019.

The NBA Board of Governors officially approved the sale of the Utah Jazz to software developer Smith on Friday and welcomed the tech billionaire as a « fantastic addition » to the league.

Smith, co-founder and chief executive of Qualtrics software company in Utah, takes control of the team from the Miller family, who owned the club for 35 years before the sale was first reported in October.

« Ryan Smith is a forward-thinking, community-minded entrepreneur and business leader who will be a fantastic addition to our league, » said NBA Commissioner Adam Silver in a statement.

« As a lifelong Utah jazz fan and more recently one of its major marketing partners, Ryan has demonstrated his deep commitment to jazz and the Utah community, and there is no doubt that he brings the same level of commitment becomes the operation of the team. ”

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The sale gives Smith a controlling interest in the team, House of Jazz, Vivint Arena, and development basketball and baseball clubs in Salt Lake City.

Smith, a lifelong resident of Utah, has been a corporate partner of jazz for many years, including a philanthropic patch that raised $ 25 million over the past several years.

The Miller family will retain a minority stake in Jazz, which played between 44 and 28 last season and lost to Denver in the first round of the playoffs.

« We all owe a great debt to the Miller family for the amazing responsibility they have had for this asset over the past 35 years, » Smith said earlier this year.

« My wife and I are absolutely humble and excited about the opportunity to lead the team far into the future, especially with the biggest fans in the NBA. . . We look forward to building on her lifelong work. ”

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Utah Jazz, NBA, Ryan Smith

World news – AU – NBA 2020: Sale of Utah Jazz, Mike Cannon-Brookes, Billionaire, Ryan Sweeney, Ryan Smith
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