Smith Entertainment Group partners with Arctos Sports to develop Utah Sports and Entertainment

The partnership includes a substantial financial investment to bring a third professional franchise to the state and the opportunity to grow Utah sports and entertainment

SALT LAKE CITY, August 19, 2022–(BUSINESS WIRE)–Smith Entertainment Group (SEG) today announced a partnership with Arctos Sports Partners (Arctos) to invest in Utah’s greater sports and business community. Arctos is a private investment platform focused on professional sports franchises in North American leagues and European soccer. SEG and Arctos are bullish on the Utah sports and entertainment market and are aligned in their commitment to the State of Utah, which includes a focus on SEG’s expansion plans, its intention to bring a third professional sports franchise in the state and its goal of making Utah a premier sports and entertainment center.

The Arctos partnership includes minority investments in several SEG properties, including Real Salt Lake, Utah Jazz (pending Board of Governors approval) and Vivint Arena. Previously, Arctos has invested in over 20 professional sports groups and franchises and was the first company of its kind to invest in MLB, MLS, NHL and NBA. His investments include Fenway Sports Group, Chicago Cubs, Golden State Warriors and Los Angeles Dodgers.

“My wife Ashley and I are passionate about the state of Utah and are committed to building organizations that can be a unifying force in our community. Few things do this as powerfully as sports,” said Ryan Smith , chairman of Smith Entertainment Group. “We are thrilled to partner with Arctos. They are committed to Utah and are investing in this community and our sports teams and facilities. As SEG continues to grow the professional sports landscape in the state, the Arctos partnership brings a commitment strong at Utah sports and a deep connection between all the major sports leagues.”

Arctos Franchise Partners are able to leverage the deep industry knowledge and operational expertise of the firm’s more than 30 investment and sports professionals as well as senior firm advisors to help create added value.

“We believe in Utah and all the amazing things happening in the state and believe SEG is poised to be the next great sports and entertainment group. Ryan Smith has a sense of opportunity and of innovation, and we look forward to supporting his vision for Smith Entertainment Group and Utah sports fans,” said Arctos Sports Partners Partner Chad Hutchinson. “Arctos works with visionary ownership groups , and Utah has that in SEG. Their commitment to giving back to the community and building world-class franchises aligns perfectly with Arctos’ mission. We’re excited to work with Ryan and the team to explore more sports-related opportunities across the state and the possibility of building a premier sports and entertainment center here.”

SEG led the purchase of the Utah Jazz in December 2020 and invested in Real Salt Lake in January 2022. Since then, SEG and its sports franchises have invested deeply in the community, including providing more than 100 scholarships. studies the total cost of attending students of financial need from an underrepresented group for every Utah Jazz win over the past two seasons.

About SEG

Smith Entertainment Group (SEG) is a sports, technology and entertainment investment group focused primarily on the State of Utah. SEG’s portfolio includes Utah Jazz (NBA), Real Salt Lake (MLS), Vivint Arena, Rio Tinto Stadium, Salt Lake City Stars (NBA G League), Utah Jazz Gaming (NBA 2K League), Real Monarchs (MLS NEXT Pro ), running the Salt Lake Bees, Zone Sports Radio Network, and other Utah-centric business ventures.

About Arctos

Arctos Sports Partners works with innovative and visionary ownership groups and leagues in North American professional sports and European soccer. Arctos has a team of more than 30 investment and operating professionals with offices in Dallas and New York. In addition to liquidity solutions and growth capital, Arctos portfolio franchises are able to leverage the deep industry knowledge and operational expertise of the firm’s senior advisors, including Theo Epstein, to contribute to creating added value. To date, Arctos has invested in more than two dozen sports franchises and adjacent businesses and is poised to capitalize on expanding investment opportunities in the industry.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220819005346/en/

contacts

For media inquiries:
Michel Melame
mmelamed@laurelstrategies.com

Comments are closed.