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Gail Miller to sell Utah Jazz to Qualtrics co-founder Ryan Smith

SALT LAKE CITY — Gail Miller announced on Wednesday that she would sell the majority interest in the Utah Jazz and accompanying sports and entertainment businesses to Qualtrics co-founder Ryan Smith.

“I have known Ryan for several years and admire the values by which he and his wife Ashley live their lives,” Gail Miller said.

“They have such love for and a connection to Utah and this team. Because of our friendship and several high-level conversations over the years, Ryan recently approached our organization to inquire about the possibility of purchasing the Utah Jazz and some of our other sports and entertainment properties.

“After much soul searching, lengthy discussions, and extensive evaluations of our long-term goals, my family and I decided this was the right time to pass our responsibility and cherished stewardship of 35 years to Ryan and Ashley, who share our values and are committed to keeping the team in Utah. We have every confidence they will continue the work we have undertaken and move the team to the next level. Our family remains invested in the success of the Utah Jazz and these businesses, and we will retain a minority interest.”

Miller said the team will remain in Utah saying, “I want you to know that the new owners have made the same commitment to keep the team in Utah.”

“I think we have the best fans in the world,” Smith said. “That’s exciting. I think we’re extremely excited to, continue this journey and build upon the legacy that’s here and that’s honestly what’s made this possible.”