LOS ANGELES – NBA legend Dwyane Wade has bought a stake in the Utah Jazz and wants to help the title-chasing franchise reach the “next level”, the team said Friday.
The three-time NBA champion joins an ownership group led by Ryan Smith, the technology billionaire who bought the Jazz last year.
Wade’s investment in Utah mirrors similar moves by other NBA legends who have taken ownership stakes in the league, most notably Michael Jordan (Charlotte Hornets), Shaquille O’Neal (Sacramento Kings) and Grant Hill (Atlanta Hawks).
“As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience,” Wade said in a s…
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