Ryan Smith's Sports Empire Expands in Salt Lake City
In an ambitious move that underscores his growing influence in the world of sports, Ryan Smith, the co-founder of Qualtrics, has reshaped Salt Lake City's sports landscape with a series of high-profile acquisitions and developments. With a keen eye for investments and a passion for sports, Smith's initiatives have not only stirred excitement but have also faced public scrutiny as they redefine the city’s place on the sporting map.
Utah Hockey Club Takes Center Stage
Among the most talked-about developments is the debut of the Utah Hockey Club, previously the NHL's Arizona Coyotes. Smith, demonstrating his vision for sports in Utah, acquired the team and relocated it to Salt Lake City, marking its entry into the realm of professional hockey. The rebranding not only signifies a fresh chapter in the state's sports narrative but also attracts a newer, more diverse fan base to the region.
This move amplifies Salt Lake City's stature by expanding its portfolio to include four professional sports clubs. It also aligns with Smith's broader ambition to foster a community-centric sports culture. As Dwyane Wade, a limited partner of the Utah Jazz, quipped, "I took a plane to watch hockey! Never thought I'd do that in my life." His remark highlights the excitement surrounding this new chapter in Utah's sports history.
A Stake in Basketball and Beyond
Smith's influence extends beyond hockey. He is a major stakeholder in the Utah Jazz, a role that places him at the heart of the state's much-loved NBA franchise. The Jazz, bought for $1.66 billion in 2020, are another testament to Smith’s sports-related endeavors. "My dream is to become an NBA owner," Smith has shared, illustrating his long-held aspirations in the basketball world.
Smith’s involvement in sports does not end there. He, alongside his wife, Ashley Smith, holds significant stakes in Real Salt Lake, part of Major League Soccer, as well as the National Women's Soccer League's Utah Royals. Such investments indicate their commitment to broadening the sports fabric of the region, promoting both men's and women's leagues as important elements of the sporting community.
Engagement with the Local Community
A committed advocate for education and local progress, Ryan Smith maintains close ties with Brigham Young University, where he co-teaches a business class. His relationship with the institution is driven by gratitude rather than obligation. "I'm not a donor or involved with BYU because I went to school there. I'm there because I owe them a lot," Smith states, demonstrating a sense of responsibility and appreciation for the university's impact on his life.
Smith's affinity for development is reflected in his active participation in the downtown Salt Lake City redevelopment plans. While these efforts aim to rejuvenate and transform the area into a bustling urban hub, they have also attracted public scrutiny and debate, highlighting the challenges of balancing growth with public opinion. "I want everyone to be all-in on whatever we're doing. And if people don't speak, they can't be all-in," Smith asserts, underlining his desire for inclusive dialogue and collective progress.
Future Prospects and Community Impact
Smith’s ventures into sports and urban development serve as a precursor to an even grander vision: bringing the 2034 Winter Olympics to Utah. This endeavor, if successful, promises to position the state as a major player on the global sports stage, attracting worldwide attention and potentially driving further economic and infrastructural development.
In the meantime, Salt Lake City sports enthusiasts can relish having a forward-thinking owner in their midst. As noted by Gentry Anderson, "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 approachable ownership style is a refreshing change, fostering a unique connection between sports franchises and their local supporters.
In conclusion, Ryan Smith’s strategic acquisitions and investments are pivotal in transforming Salt Lake City's sports scene. Through his endeavors, the city finds itself bustling with newfound sporting activity and promise, capturing the imagination of fans and stakeholders alike. His roadmap may not be without challenges, but it undoubtedly heralds a vibrant chapter for sports in Utah.