Dwyane Wade Buys Ownership Stake In NBA Franchise

NBA legend Dwayne Wade, the 13 time NBA All-Star, has purchased an ownership stake in the Utah Jazz.

Wade plans to have an active role in the franchise, the team announced on its official website.

“As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience,” Wade said in a news release. “I’m excited to help take the Utah Jazz to the next level.”

Wade, 39, joins a select group of legendary former players with ownership stakes in NBA franchises including Michael Jordan (Charlotte Hornets), Shaquille O’Neal (Sacramento Kings) and Grant Hill (Atlanta Hawks.)

The former NBA Finals MVP spent his NBA career with three teams, most notably the Miami Heat (2003-06; 2018-19), winning three NBA championships and finishing his career as the franchise leader in points (21,556), assists (5,310) steals (1,492), field goals (7,842).