Dwayne Wade Buys Ownership Stake in Utah Jazz

The three-time NBA champion retired in 2019.

By
Sports
11,304 Hypes 16 Comments

Three-time NBA champion Dwayne Wade has bought an ownership stake in the Utah Jazz.

The team announced on Friday that Wade had joined the NBA’s youngest ownership group. Tech entrepreneur and Qualtrics founder Ryan Smith and his wife Ashley acquired a majority interest in the team last year, while investor Ryan Sweeney and Atlasssian co-founder Mike Cannon-Brookes are also a part of the ownership group.

The 13-time NBA All-Star said in a statement that the financial decision was the realization of a longstanding dream.

“As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience,” he said. “I’m excited to help take the Utah Jazz to the next level.”

Smith said that in addition to being a “basketball legend,” Wade is also a “great leader, businessman, and human being” who will be integral to the team’s future.

Wade, who retired as a player in 2019, also has a business partnership with Chinese athletic company Li-Ning. Former NBA players Michael Jordan, Shaquille O’Neale and Grant Hill have also bought ownership stakes in the NBA franchise.

Earlier this month, ESPN reported that the NBA expects arenas to be at full capacity again for the 2021-2022 season.

Read Full Article

What to Read Next

James Harden and Blake Griffin Both Sidelined from Utah Jazz Match Due to Injuries
Sports

James Harden and Blake Griffin Both Sidelined from Utah Jazz Match Due to Injuries

The Nets played without the Big Three for a 88-118 loss in Utah.

Dwayne Johnson's Teremana Tequila To Sell 300K Cases in Its First Year
Food & Beverage

Dwayne Johnson's Teremana Tequila To Sell 300K Cases in Its First Year

Ground-breaking and record numbers for the liquor business.

NBA Postpones Magic-Celtics and Jazz-Wizards Games Due to COVID-19
Sports

NBA Postpones Magic-Celtics and Jazz-Wizards Games Due to COVID-19

Marking the fourth and fifth matchups to be rescheduled this January 2021.


Jack Dorsey’s Square Buys Majority Stake in JAY-Z’s TIDAL
Tech 

Jack Dorsey’s Square Buys Majority Stake in JAY-Z’s TIDAL

Square expects to pay a mix of cash and stock of $297 million USD.

Facebook Is Facing a Mass Lawsuit Over Its Huge Data Leak
Tech

Facebook Is Facing a Mass Lawsuit Over Its Huge Data Leak

Over 530 million Facebook users had their data exposed.

Official Look at the Air Jordan 13 "Gym Red"
Footwear

Official Look at the Air Jordan 13 "Gym Red"

A vivid flip of the famed OG “Flint Grey”.

New Balance's BB480 Basketball Sneaker Returns
Footwear

New Balance's BB480 Basketball Sneaker Returns

Launching in red, white and blue, “Triple White” and “Triple Black.”


James English Leary Pokes Fun at the Human Body in Latest Paintings
Arts

James English Leary Pokes Fun at the Human Body in Latest Paintings

A selection of bold works featuring shaped panels of facial profiles.

Eric Emanuel Opens Concept Store, Announces adidas Basketball Partnership
Design

Eric Emanuel Opens Concept Store, Announces adidas Basketball Partnership

Located in BAPE’s previous Soho store.

Dogecoin Surges to All-Time High Following Week of Crypto Milestones
Tech 

Dogecoin Surges to All-Time High Following Week of Crypto Milestones

The memecoin may finally be headed “to the moon.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.