• Loading stock data...
Friday, January 9, 2026

Ryan Smith Sees Salt Lake City As Next Vegas-Like Sports Town

  • The billionaire owner of the new Utah Hockey Club tells FOS that hockey in SLC is poised to become a booming business.
  • “So far, everything that’s been promised has been delivered,” says Utah’s head coach.
Dec 11, 2017; Orlando, FL, USA; New York Yankees outfielder Giancarlo Stanton (27) talks with Yes Network during the winter meetings at Walt Disney World Swan and Dolphin Resort.
Exclusive

Yankees RSN and Comcast Reach Deal, Preserving Local Access

After nearly a year of acrimony, a new agreement is quietly struck.
Read Now
January 7, 2026 |

SALT LAKE CITY — The capital of Utah has Temple Square, breathtaking hiking trails nearby, an NBA team, and now, an NHL team. 

That’s thanks to Ryan Smith—and in many ways, Alex Meruelo. Smith purchased the Arizona Coyotes after Meruelo set fire to hockey’s future in the desert. Less than six months after Smith’s $1.2 billion acquisition of the financially floundering Coyotes, his Utah Hockey Club makes its regular-season debut against the Chicago Blackhawks on Tuesday night. 

Smith has fought the city’s small-potatoes image—SLC is the 23rd-ranked U.S. media market—insisting there’s huge potential in the city of just more than 200,000 residents.  

In a sit-down interview with Front Office Sports the evening before his new NHL team’s home opener, the 46-year-old tech billionaire says he’s “50 or 60% sure” he can turn Salt Lake into a hockey town. 

Smith points to Las Vegas—an even smaller market known for everything Salt Lake is not. “It gives me comfort,” Smith says of the Golden Knights’ success. “We’re close [to Las Vegas] and my wife is from there. We understand the vibe down there. But we kind of have one that is not dissimilar to Nevada in a way. No one would have thought that Vegas would have been the sports town that [it’s become]. Everywhere you go, it’s Knights stuff. We have an opportunity to do that.”

The wheels are already in motion. The Smith Entertainment Group (SEG) has already seen city lawmakers approve a 0.5% sales tax increase to cover bonds that could provide up to $900 million to transform Delta Center into a more hockey-friendly venue. The arena has been the home of the Utah Jazz—another team Smith owns—since 1991. There are still lease issues to work out for the project that also include developing some adjoining real estate, but steps look promising.

The Utah Hockey Club—a placeholder name for the season—will claim the Delta Center as their home rink, where around 4,000 of the 16,200 seats have obstructed views of the ice. The sigh tlines may not be ideal, but it’s still an upgrade over the college rink the Coyotes played at the last two seasons that sat around 5,000.

“The Delta Center is such a steep arena, one of the steepest in the NBA,” Smith says about the situation. “So if something is going on below you, you can’t really see it. There are still great seats, and it will be a great environment.”


The final days of the Coyotes are an untouchable topic around the Utah team. 

There are plenty of reminders of their roots via the largely unchanged roster of both players and front office staff. But now that they’re settled into Salt Lake City, nobody wants to talk about the NHL’s failure in Arizona. When a third season at Arizona State’s Mullett Arena became untenable for the Coyotes because Meruelo was unable to find a suitable long-term home for the franchise. Smith had the means—and he’d already signaled his desire to land an NHL club in a January news release. 

A.J. Perez/Front Office Sports

“So far, everything that’s been promised has been delivered,” André Tourigny, who is in his fourth season as head coach of the Coyotes/Utah Hockey Club, tells FOS. “I think the enthusiasm around the team is through the roof. We already had a great group who was really tight. The brotherhood on our team was already second to none.”

Ryan Smith and his wife, Ashley, have already been more accessible to the news media than Meruelo was during his nearly five years as owner of the Coyotes. The Utah Hockey Club co-owners answered every question asked through the 30-minute presser at the Jazz’s practice facility Monday, including how SEG ramped its head count to 800 employees (including part-timers) in preparation for its first NHL season. 

“Things that could feel like chaos in another setting have felt fun and exciting,” Ashley Smith said at the news conference. “The stress hasn’t felt heavy. It’s just been exciting to see this whole team come together and do unnatural things and do hard things and then celebrate each other and empower each other. It’s been really cool from my seat.”


Smith says he was used to helping NBA players adjust “in a small way” since he purchased the Jazz in 2020. For hockey, he says, “We had to do that on a much larger scale, but we knew the playbook and we just tried to really bring the same experience that SEG already has and offer it to this new part of the family.”

Many of those new family members who came out of the dysfunction in Arizona say they appreciate the Smiths and SEG’s work to make the relocation process as stress-free as possible. 

“He’s a man that puts people in place and lets them do their job,” GM Bill Armstrong says of Ryan Smith. “He gives you everything you need to be successful. From the moment we landed [in April], everything we needed has been [delivered] for us. We want to be an organization that has no excuses.”

Forward Josh Doan, an Arizona native and whose father, Shane, was a star with the Coyotes, echoed his coach’s sentiments about Ryan Smith. “He’s been unbelievable for all of us in helping us get settled,” Doan says. “He takes pride in making sure everything’s done the right way and he’s done an unbelievable job. Whenever you get a chance to talk to him, it just feels like he’s one of the guys.”

A.J. Perez/Front Office Sports

Smith does have a man-of-the-people vibe. That profile was recently bolstered when he slashed concession prices for the Jazz and Utah Hockey Club games, as well as by SEG’s decision to put all non-nationally televised Utah Hockey Club games available free via over-the-air antenna to go along with its pay streaming service. 

The hill to climb toward early success—and emulating Vegas—could be more like a trek up one of the mountains that surround SLC. The Utah Hockey Club enters its first season with few roster changes from its final year as the Coyotes, a team that finished sub-.500 in 2023–2024 and made the playoffs only once since the 2012–2013 season. (Not that you can bet on sports in Utah, but Utah is 28-to-1 to make the Stanley Cup Final.) 

Regardless of their performance, they have a No. 1 hype man front and center.

“Anyone who does their homework and actually studies markets would probably choose Utah because of the way people show up and the growth and the youth,” Smith says. “You can just bet on that. You can have a market with eight million people that—because of the demographics—don’t show up or don’t care or aren’t into it. The amount of people who tell me they are Utah Hockey Club fans now has been pretty incredible. We are all getting in on this on the ground floor.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 20, 2022; Beijing, China; Team ROC forward Vadim Shipachyov (87) skates with the puck as Team Finland forward Iiro Pakarinen (81) and Team Finland forward Sakari Manninen (65) defend in the third period during the Beijing 2022 Olympic Winter Games at National Indoor Stadium.

Olympic Hockey Rink Test Event Showcases Ongoing Issues

An initial competition amplified worries about the venue’s ice quality.
Oregon Ducks quarterback Bo Nix greets Phil Knight after defeating the Liberty Flames to win the Fiesta Bowl at State Farm Stadium in Glendale on Jan. 1, 2024.

Oregon-Indiana Is a Battle of Billionaire-Backed Rosters

Both schools have their richest alumni funding NIL.
David Cone

David Cone Out at ESPN

The former Yankees and Mets pitcher is leaving the network.
U.S. Rep. Ritchie Torres, is shown during a congressional field hearing on Countering Violent Extremism, Terrorism and Antisemitic Threats in New Jersey. Monday, October 3, 2022

Prediction Market Scrutiny Intensifies With Introduction of Insider Trading Bill

The legislation was spurred by suspiciously timed Venezuela trades, not sports.

Featured Today

Hockey in Florida Was Once a Risk. Now It’s Thriving

The state of Florida has become a traditional—and highly lucrative—market.
Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
January 4, 2026

Why Pro Sports Team Valuations Will Keep Climbing in 2026

Asset scarcity and increasing media-rights deals underpin soaring valuations.
Imagn Images/Front Office Sports
January 2, 2026

FOS Crystal Ball: Predictions for the Business of Sports in 2026

Here’s what FOS journalists think could be on the horizon.
Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025
December 24, 2025

Hockey Needed Some Virality. Then Came ‘Heated Rivalry’

No one was prepared for the Canadian show’s smash success.
Jan 5, 2026; New York, New York, USA; New York Rangers center Vincent Trocheck (16) celebrates his goal against Utah Mammoth goaltender Karel Vejmelka (70) with left wings Artemi Panarin (10) and Alexis Lafreniere (13) and center Mika Zibanejad (93) and defenseman Adam Fox (23) during the second period at Madison Square Garden.

NHL Deepens Ties to Polymarket, Kalshi As Other Leagues Stay Away

Its new Rangers deal comes after Kalshi broke the ice with the Blackhawks.
January 6, 2026

Ravens Fire John Harbaugh After 18 Seasons and Playoff Miss

The longtime coach was second in tenure in the league.
January 8, 2026

Panthers Embracing ‘Chaos’ As 8-Year NFL Playoff Drought Ends

Carolina has won its first division title since 2015.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
Sep 28, 2025; West Sacramento, California, USA; Athletics pitcher Elvis Alvarado (61) throws a pitch against the Kansas City Royals during the third inning at Sutter Health Park.
January 6, 2026

Why the A’s Hit a Legal Snag Trademarking Their Las Vegas Name

The team has been denied twice in attempts to register its new name.
January 5, 2026

Falcons End Rich McKay’s Football Role in Major Organizational Shift

Atlanta fired coach Raheem Morris and GM Terry Fontenot on Sunday.
Oct 7, 2024; Kansas City, Missouri, USA; NFL hall of fame Troy Aikman prior to a game between the New Orleans Saints and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
January 2, 2026

ESPN Says It Has No Issue With Aikman’s Dolphins Adviser Gig

“His schedule remains unchanged,” an ESPN spokesman tells FOS.
December 29, 2025

Patriots Continue Makeover With First Post-Belichick Division Title

The 13–3 Patriots are in contention for the AFC’s top seed.