The Miller family, which has owned the NBA’s Utah Jazz franchise outright since 1985, has entered into an agreement to sell the team to Qualtrics founder Ryan Smith, according to a report by ESPN’s Adrian Wojnarowski.
The Jazz just sent out a news release announcing that Gail Miller, owner and chair of the Larry H. Miller Group of Companies, “will make a special announcement today from Vivint Arena.” The announcement is slated to tke place at 10 a.m.
Under that plan, Gail Miller was to serve as the trustee, then eventually transfer control of the organization to a six-person board of managers, composed of members of her family.
It appears those plans have changed.
This story will be updated.
Report: Miller family selling Utah Jazz to Qualtrics founder Ryan Smith /p>