The sale of Real Salt Lake to David Blitzer and Smith Entertainment Group has been authorised by way of Major League Soccer.
RSL were with out a majority owner considering that January 2021 while MLS took over the sale technique from Dell Loy Hansen, who had placed the membership in the marketplace in August 2020 after allegedly making racist comments.
Blitzer has an existing history in football possession with a stake in Premier League facet Crystal Palace, as well as in NBA's Philadelphia 76ers and the New Jersey Devils in NHL. Smith Entertainment Group are led by Ryan Smith and very own NBA's Utah Jazz.
MLS accredited the sale of Real Salt Lake on Wednesday, with Rio Tinto Stadium, the RSL Academy, the club's MLS NEXT Pro group Real Monarchs, and the Zion Bank Training Center all covered within the takeover.
“The combination of David Blitzer and Ryan Smith’s SEG form a dream partnership for Real Salt Lake," MLS commissioner Don Garber stated in a joint league and club statement.
“David and Ryan’s groups have emerge as synonymous with how athletics and network intersect, as they have got confirmed main global-magnificence organizations outside of professional football.
"Both apprehend the amazing price that sports teams bring to a network, and they may be deeply devoted to Utah. This is a proven possession organization that brings sources and revel in to raise every issue of the RSL organisation.”
Blitzer and Smith will address the media on Thursday however provided an insight into their intentions in the initial assertion.
“Real Salt Lake is a international-elegance club with an extraordinary fanbase, strong infrastructure and a longstanding commitment to the Utah community," stated Blitzer.
"We will work to build upon the legacy and lifestyle of Real Salt Lake with the aid of making an investment not handiest within the team and its facilities, however also within the groups our group serves.
