Team including David Blitzer, Utah Jazz owner Ryan Smith reach deal to buy Real Salt Lake


The consortium, which includes Utah Jazz owner Ryan Smith, is said to have agreed to buy the franchise for nearly $400 million.

(Julio Cortez | AP) David Blitzer, center, co-owner of the New Jersey Devils, in 2017.

David Blitzer, the billionaire executive who is part owner of the Philadelphia 76ers and New Jersey Devils, is said to have reached an agreement to buy Real Salt Lake.

Sports business website Sportico reported on Wednesday morning that a group led by Blitzer had reached an agreement to buy RSL for nearly $400 million, ending the ownership saga that has lasting more than a year.

Sportico also reported that Utah Jazz owner Ryan Smith was among the investors buying RSL. Smith is said to have been interested in buying his team at some point.

RSL officials were unavailable for comment on the report Wednesday morning.

Blitzer’s group was first reported last November as close to reaching an agreement to buy RSL, has been on sale since September 2020.

Owner RSL Dell Loy Hansen decided to sell the franchise after receiving backlash for the way he handled Major League Soccer’s decision not to play the game in protest of police shootings, and then allegedly making comments. argues against racism and contributes to a toxic work environment.

While the team was looking for a new owner, they missed the knockout round in 2020 and advanced to the Western Conference Finals in 2021. The organization also hire Pablo Mastroeni as permanent head coach last month.

Blitzer has stakes in various sports leagues around the world, including the NBA, NHL and international soccer. His company, Harris Blitzer Sports & Entertainment, owns the Philadelphia 76ers and the New Jersey Devils.

This story will be updated. Team including David Blitzer, Utah Jazz owner Ryan Smith reach deal to buy Real Salt Lake

Beth Allcock

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