Alex Rodriguez isn’t the only sports media analyst diving into ownership this week!
ESPN’s Adrian Wojnarowski reports that the NBA on TNT analyst and former Miami Heat guard Dwayne Wade is buying a stake in the Utah Jazz. The report adds that Wade plans to join majority owner and team governor Ryan Smith to take an active role in the franchise and region.
“This goes way beyond the dream I had to just play basketball in the NBA,” Wade said. “I’ve seen Shaq do it in Sacramento. I’ve seen Grant Hill do it in Atlanta. I’ve seen Jordan do it in Charlotte. If this partnership is going to be anything like my relationship is with Ryan, there are going to be a lot of things that I’ll want to be involved in.”
Wade’s financial investment into the Jazz is unknown. Nonetheless, he joins a small group that makes up the Jazz ownership, including Smith’s wife, Ashley; investor and Accel partner Ryan Sweeney; Atlassian co-founder Mike Cannon-Brookes; and the Miller family, who previously owned the team.
Smith’s deal to incorporate Wade into his ownership group isn’t the only business move the Jazz owner is conducting. All Access reports Smith and his SEG Basketball, LLC have filed the paperwork to purchase The Zone Sports Network in a separate agreement.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
