Utah Jazz sold to group led by Qualtrics founder Ryan Smith

The sale of the Utah Jazz to an ownership group led by Qualtrics founder and executive chairman Ryan Smith was unanimously approved by the NBA Board of Governors on Friday.

"Ryan Smith is a forward-thinking, community-minded entrepreneur and business leader who will be a fantastic addition to our league," NBA Commissioner Adam Silver said in a statement.

"We are also extraordinarily appreciative of Gail Miller, Greg Miller and the Miller family for 35 years of outstanding leadership and service and, on behalf of the entire NBA, thank them for always running a first-class organization in every way." -- Reuters