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Miller Family Finalizes $600 Million Acquisition of Real Salt Lake and Utah Royals

The deal brings local ownership back to Utah’s soccer franchises, with David Blitzer retaining a minority stake and Ryan Smith exiting.

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Dec 6, 2024; Carson, California, USA; MLS commissioner Don Garber gives the State of the League Address at Dignity Health Sports Park. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images/File Photo

Overview

  • The Larry H. Miller family has completed a $600 million purchase of Real Salt Lake and the Utah Royals, marking their return to major league sports ownership in Utah.
  • The acquisition includes MLS NEXT Pro team Real Monarchs, America First Field, Zions Bank Stadium, and the RSL Academy, ensuring comprehensive control over facilities and operations.
  • David Blitzer will remain a minority owner, while Ryan Smith and Smith Entertainment Group have sold their stakes to focus on NBA and NHL ventures.
  • The Miller family emphasizes community-focused stewardship, with MLS Commissioner Don Garber praising their commitment to building strong, locally rooted teams.
  • The deal reflects a significant rise in franchise valuations, with the price increasing from the $400 million paid by Blitzer’s group in 2022, amid growing interest in soccer ahead of the 2026 World Cup.