Dwyane Wade just made a huge power move.
The retired former NBA star bought an ownership stake in the Utah Jazz.
As reported on The Jasmine Brand, Dwyane wants to have an “involved role” as a minority owner. Dwyane told ESPN he was inspired by people like Grant Hill and Michael Jordan, who made the same moves with other teams in the past. Dwayne said,
“This goes way beyond the dream I had just to play basketball in the NBA. He continued, “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.” He continued,
“The respect I that I have for that [Heat] organization will not go anywhere, the love that I have for the [Heat] fans — that goes nowhere. But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow.”
The former Miami Heat player reportedly met majority owner and team governor Ryan Smith sometime last year before his last game. At the time, Dwayne wanted to get a better understanding of Ryan’s “tech expertise. However, Ryan suggested Dwyane have an ownership stake in the team after it was purchased for $1.66 billion in October.