Arctos Sports Partners is investing in the Utah Jazz through a partnership with the NBA franchise’s Smith Entertainment Group (SEG) ownership group that would bring a third professional sports team to the state.
There have been no public figures released regarding the size of Arctos's contract, but it would have to be for more than one percent of the Jazz per NBA regulations.
The deal, subject to approval from the SEG board, includes minority investment in a number of SEG properties, including Major League Soccer’s Real Salt Lake and the Jazz’s Vivint Arena home.
The sports ownership group retains the right to launch a National Women’s Soccer League franchise in the future as part of the Real Salt Lake acquisition earlier this year.
Arctos has investments in over 20 professional sports organizations, including NBA teams Sacramento Kings and the Golden State Warriors.
Its portfolio also includes the NHL’s Tampa Bay Lightning and Minnesota Wild, MLB’s Chicago Cubs and Los Angeles Dodgers, and Boston Red Sox owner Fenway Sports Group.
