Ryan Smith: Transforming Salt Lake City's Sports Landscape
Salt Lake City has found itself in the throes of a sports renaissance, thanks largely to entrepreneur Ryan Smith. This burgeoning sports scene, punctuated by the debut of the Utah Hockey Club in October, is a testament to Smith's vision and investment prowess. The co-founder of Qualtrics, Smith has a knack for transforming locales through strategic acquisitions and developments.
Smith's foray into sports ownership began with his high-profile purchase of the Utah Jazz for $1.66 billion in 2020. Having become a major stakeholder in the franchise, he brought on NBA legend Dwyane Wade as a limited partner, adding a layer of star power and credibility. Wade himself marvels at the newfound enthusiasm for ice hockey, stating, "I took a plane to watch hockey! Never thought I'd do that in my life," highlighting the influence of Smith's sporting endeavors.
The Utah Hockey Club has been a particular focus. After acquiring and relocating the NHL's Arizona Coyotes, Smith successfully rebranded them, bringing professional hockey to the heart of Salt Lake City. This development didn't just introduce a new sport to local fans, but also expanded the city's professional sports offerings to a total of four clubs. As Gentry Anderson noted, "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."
A Broader Vision
But Ryan Smith’s ambitions stretch beyond just sports. He is deeply involved in downtown Salt Lake City's redevelopment plans, though not without facing public scrutiny. His transformative vision for the area ties into his larger goal of making Salt Lake City a prime destination for both residents and visitors. Smith is instrumental in bringing the 2034 Winter Olympics to Utah, a move that would place the city firmly on the world stage.
Smith's engagement extends to education as well. He co-teaches a business class at Brigham Young University (BYU), underscoring his commitment to nurturing talent and giving back to the institution that influenced him deeply. "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 openly acknowledges.
This synergy between sports and academia was further demonstrated when A.J. Dybantsa, a top high school basketball prospect, chose BYU, enticed by a significant NIL financial package—a nod to Smith's influence and the allure of association with his myriad ventures. Dybantsa's choice underscores the growing importance of NIL deals in college sports, reshaping where top prospects take their talents.
Integration and Community Spirit
Echoing this spirit of integration, both Ryan and his wife, Ashley Smith, have cultivated a connection with Major League Soccer's Real Salt Lake and the National Women's Soccer League's Utah Royals. The couple's investment in local sports aligns with their vision for community engagement and development. As Ashley Smith puts it, "We were thankful for the two of our brains combined and our different strengths," highlighting their teamwork and shared commitment to these investments.
Ryan Smith's approach to leadership emphasizes inclusivity and active participation in shaping the collective future. "I want everyone to be all-in on whatever we're doing. And if people don't speak, they can't be all-in," he asserts, aiming to foster an environment where every voice counts, whether in sports, business, or wider community efforts.
Smith's dream of becoming an NBA owner has certainly come to fruition, but the impact he's making goes beyond the boundaries of basketball courts and hockey rinks. With Salt Lake City benefitting from his continued involvement and visionary strategies, the city stands ready to capitalize on a robust sports and cultural renaissance. His investments have undeniably set the stage for a new era in Utah, marked by multifaceted community enrichment and economic growth, all while capitalizing on the enduring power of sports. As Smith continues to shape the Salt Lake City sports landscape, he remains, as ever, an integral figure in its transformation.