The latest episode of Sporticast discussed the sale of Utah Royals and Real Salt Lake soccer teams to Utah’s prominent Miller family. Gail Miller, described as the “matriarch of the state,” and her family have a deal in place to buy control of the teams from David Blitzer for roughly $600 million. This marks a return to sports for the Millers, who previously owned the Utah Jazz. The hosts also talked about why MLS owners are selling before next year’s World Cup, the implications of the Millers’ return, and Ryan Smith passing on the opportunity to purchase the clubs.
Another topic discussed was former Jazz executive Dave Checketts starting a sports-focused private equity fund with the Cynosure Group, aiming to raise $1.2 billion. The hosts noted the challenges of fundraising for new sports-focused PE funds due to increased competition in the market. The episode also touched on Donald Trump’s feud with Harvard University, which could potentially impact the university’s tax-exempt status and ability to enroll international students, affecting the Harvard athletic department.
The episode is available for listening on Apple, Google, Spotify, YouTube, and other podcast platforms.
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