On Friday, Larry H. Miller family and Miller Sports + Entertainment concluded the acquisition of RSL Football Holdings, a group of MLS’s Real SALT Lake and NWSL Club Utah Royals FC.
According to Athletics, the purchase of $ 600 million includes the real estate assets of the MLS Next Pro Team Real Monarchs and RSL Academy, as well as the real estate assets of the USA, Zions Bank Stadium and Zions Bank Training Center.
The Miller family had previously had NBA’s Utah Jazz between 1986-2020.
Billionaire businessman David Blitzer will remain the largest shareholder, while Ryan Smith no longer has a property share in the group.
MLS commissioner Don Garber, “Real Salt Lake’s future Miller organization and David Blitzer in big hands.” He said.
“Mills have a long commitment for community, youth sports and solid business operations, and we have a proven history with David, one of the most successful sports owners in the world. Together, this group is perfectly positioned to strengthen the club and train football in the region and the region.”
Blitzer was quick to embrace the Miller family.
“We were not more excited to invite the Miller family to the club.” He said. “We are compatible with our values and the commitment to create teams at a great culture and championship level.
“Our sports teams are strong when we have a strong, local partner, and Miller Sports + Entertainment will really enable Real Salt Lake Holdings to achieve our visionary goals. I liked my experience in Utah and this powerful fan base and a great opportunity to celebrate our loyal football supporters.”
Larry H. Miller Company Chairman Steve Miller will serve as president and governor for Real Salt Lake. Blitzer will serve as an alternative governor.
“We are honored to join the Real Salt Lake Club and to invest in both RSL and Royals in both RSL and Royals,” Larry H. Miller Company CEO. He said.
“We are grateful to the trust of David Blitzer and I am sure that our combined experience under the leadership of sports will raise football in Utah and support the club’s goal of winning the championship. ‘We are proud to join Riot and an incredibly passionate fan base.”
Sportico’s MLS appraisal is a number containing the NWSL team worth $ 525 million. According to Sportico’s NWSL values in September, the royals are worth $ 70 million on their own.
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