Deal reached to sell Utah Jazz

ESPN reports a deal has been struck – selling the NBA’s Utah Jazz.

Sources say Qualtrics founder Ryan Smith will pay $1.66 billion for the team and Vivint Smart Home Arena.

The 40-year-old is a lifelong Utah resident and fan. After building his company, Smith sold Qualtrics for a reported $8 billion.

77-year-old Gail Miller had put the team into a trust with the goal of keeping the Jazz in Utah long-term. She says the sale to Smith does just that. The NBA’s board of governors still must approve the sale.

Is a professional sports team a good investment right now? If you were to buy a team, what would it be? Has the value of the New England Patriots dropped? What major purchases are on your radar?

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