SALT LAKE CITY — Utah Jazz owner Gail Miller announced Monday that ownership of the Utah Jazz and the Vivint Smart Home Arena will be transferred to a legacy trust, with the intention of keeping the team in Utah and its ownership within the Miller family.
“We view the legacy trust as literally and figuratively as passing the ball to future generations of the Miller Family,” Gail Miller said in a news conference given Monday afternoon.
Greg Miller, the son of Gail and Larry H. Miller, said the transfer will “put to rest” rumors of the team being sold.
“I am in full support of the legacy trust. It’s the best move for the franchise, the community and our family,” Greg Miller said.
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