Did Wade Buy the Jazz?

Three-time NBA champion Dwyane Wade has purchased an ownership stake in the Utah Jazz, joining majority owner and team governor Ryan Smith with plans to take an active role in the franchise and region.

Is Wade part owner of Jazz?

In 2020, tech billionaire Ryan Smith and his wife Ashley purchased a large stake in the ownership of Utah Jazz basketball team for $1.66 billion, which Dwayne Wade also agreed to join in the team's ownership group, Black Enterprise reported.

Why did Dwayne Wade buy the Jazz?

"But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow." Wade expects his role with the Jazz to stretch well beyond the boundaries of a basketball court, as his aim is to have an impact on the community at large.