The introduction of a professional NHL team in Utah is generating significant excitement and anticipation. Gary Bettman, the NHL commissioner, is credited with orchestrating the move, which is being described as a savvy decision likely to have a substantial impact. The presence of the team is also sparking discussions about the potential for a sled hockey team in the state. This development comes amid a record-breaking NHL season with over 22.5 million fans attending games, highlighting the growing popularity of hockey. Additionally, the move aligns with broader trends in sports franchise ownership, where valuations have consistently outperformed major financial indices like the S&P 500, attracting more investors into the sports industry. Ryan Smith, owner of the NBA and NHL teams, is emerging as a significant figure in sports. The Utah Jazz president mentioned creating something unprecedented in the sports world, further underscoring the transformative impact of the NHL's expansion into Utah.
In recent decades, the valuations of U.S. sports teams have outperformed the S&P 500. So, it’s no wonder that private equity and serial investors are now in the game—and shaping sports franchise ownership for generations to come. https://t.co/OipKv2lkXc
"We’re gonna create something that hasn’t been done before." - @utahjazz president @jolson #NHLinUtah #NHL #TakeNote @KSLSportsZone https://t.co/ubCOqqcYAo
"We’re gonna create something that hasn’t been done before." - @utahjazz president @jolson #NHLinUtah #NHL #TakeNote https://t.co/ubCOqqcYAo
With NBA and NHL teams, is Ryan Smith a now power broker in the sports industry? https://t.co/BwUwqazVDX #utpol
More than 22.5 million fans attended NHL regular season games in 2023-24—an all-time record. @emilymkaplan joins @FOS_Today to discuss the postseason, potential expansion cities, and the future in Utah ⬇️
The excitement for Utah's new professional hockey team could lead to the introduction of a sled hockey team in Utah. Read more: https://t.co/oSJBxAHvYE
Whenever Gary Bettman’s reign as #NHL commissioner ends, moving the #Yotes to Utah might go down as his most savvy heist. Yes, that says something. To be in Utah on Wednesday, to see it, to feel it, is to believe it. This is going to smash. Here’s why: https://t.co/gdRkrtnNq6 https://t.co/hDnynGKtSa
How quickly can Utah’s NHL team get good? https://t.co/5umifAWi3Z