Thirteen-time NBA All-Star Dwyane Wade purchased an ownership stake with the Jazz and plans to take an active role in the franchise, the team announced.
Wade, 39, joins Jazz majority owner and governor Ryan Smith in taking part in Utah's ownership.
“As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience,” Wade said. “I’m excited to help take the Utah Jazz to the next level.”
Smith posed the idea of Wade becoming part of the team's ownership after completing a $1.66 billion purchase of the Jazz in October 2020.