“Proud and excited to become a part of the @utahjazz family with Ryan Smith and the rest of the amazing ownership team,” Wade said on Instagram at the time. “As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience. I’m excited to help take the Utah Jazz to the next level.”

Ryan Smith, NBA governor of the Utah Jazz, also previously shared his excitement about the future of the team with Wade on board as an investor.

“As we continue to build on the incredible legacy of the Utah Jazz franchise, we are excited to add Dwyane’s experience and expertise to the equation,” Smith said when Wade joined the ownership group. “Utah is an amazing place, and I couldn’t be more thrilled about the future of the franchise and the future of this state. Dwyane’s influence will be important to both.”

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