Miami Heat’s Legend and 3-Time NBA Champion, Dwayn Wade has bought ownership stakes in this year’s NBA Leading Utah Jazz to join team governor Ryan Smith with plans of taking an active role in the region. However, this is not the first time that a former- Elite All-Star player has bought ownership in an NBA franchise.
Prior to Dwayne Wade going hand-in-hand with Utah Jazz, several other Hall of Famers like Grant Hill, Shaquille O’Neal and Michael Jordan have had ownership stakes in Atlanta Hawks, Sacramento Kings and Charlotte Hornets respectively.
Dwayne Wade becomes part owner of Utah Jazz
“This goes way beyond the dream I had to just play basketball in the NBA,” Dwayne Wade told ESPN. “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.
“Unfortunately, people in my community don’t get this opportunity, and I do not take it lightly to have this opportunity. To make real change, this is where you have to be at the top and Ryan knows that. I’m thankful for him, and I know too that I bring a lot to this partnership outside of just my basketball knowledge and skills.”
Dwayne Wade joins a small ownership group that includes Smith and his wife, Ashley; investor and Accel partner Ryan Sweeney; Atlassian co-founder Mike Cannon-Brookes and the Miller family, which previously owned the team.
Dwayne Wade didn’t say whether he had significant conversations with Heat ownership surrounding a financial stake in the franchise where he spent 14-plus seasons of his career. He described his strong personal relationship with Smith and a shared vision for that business partnership as the driving force for securing the Utah Jazz stake.