SALT LAKE CITY (AP) The ownership of the Utah Jazz has been transferred from Gail Miller to a legacy trust in a move that ensures the team and Vivint SmartHome Arena remain in the family for generations.
Miller and her late husband Larry purchased 50 percent of the franchise in 1985 amid concerns the team would move. They bought the remaining 50 percent a year later. Miller said Monday that the primary reason for the transfer is to make sure the team stays in the state.
Miller remains the trustee until her passing. The trust’s board of managers consists of six Miller family members, including children Greg, Steve, Bryan and Karen and grandson Zane.
This is believed to be the first legacy trust for a professional franchise in any of the four major U.S. leagues.
Add A Comment
THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.
Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.
Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.
About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 175 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.
©1999-2023 TheSpread.com