Friday September 22, 2023
The Best Employers in Sports Survey is Now Open!

Arctos Adds Another NBA Team to Expanding Sports Portfolio

  • Arctos Sports Partners is investing in the Utah Jazz.
  • Smith Entertainment Group bought the Jazz in 2020.
Troy Taormina-USA TODAY Sports
Front Office Sports Today

Could Promotion-Relegation work in College Football?

The proposal aims to create an exciting media product while reducing travel for non-football sports.
Listen Now
September 21, 2023 | Podcast
Copy Link
Link Copied
Link Copied

Arctos Sports Partners is investing in the Utah Jazz through a deal with Smith Entertainment Group.

Pending approval from SEG’s board of governors, the agreement — which, according to NBA regulations, has to be more than 1% — gives Arctos minority stakes in several teams in SEG’s portfolio.

  • SEG and David Blitzer purchased Real Salt Lake of MLS in January for a reported $400 million, with Arctos joining as a limited partner.
  • SEG founder Ryan Smith purchased the Utah Jazz in October 2020 for a reported $1.66 billion. The team is now worth an estimated $1.78 billion.

The agreement, which also includes Vivint Arena, comes with the “intention to bring a third professional sports franchise” to Utah.

When SEG invested in Real Salt Lake, it gained the option to bring back the NWSL’s Utah Royals FC. Earlier this year, NWSL commissioner Jessica Berman said the league will expand to 14 teams, likely by 2024.

Arctos Is Everywhere

Arctos has investments in more than 20 professional sports groups and franchises and was reportedly the first investment firm to offer private equity funding across MLB, MLS, the NBA, and the NHL. 

In the last year alone, Arctos has purchased stakes in NBA teams including Philadelphia 76ers owner Harris Blitzer Sports & Entertainment, the Golden State Warriors, and the Sacramento Kings.

Copy Link
Link Copied
Link Copied

What to Read


Andlauer Completes Record $950M Senators Acquisition

Long-awaited pact follows three months of due diligence, league review

Royals Miss Self-Imposed Deadline To Select Stadium Site

Ongoing discussions with Jackson, Clay Counties prompt timetable shift
USL Championship side Oakland Roots home soccer field

As Sports Teams Exit Bay Area, Pro Soccer Gains Notable Win

The USL club Oakland Roots could be close to building a new stadium.

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.
podcast thumbnail mobile
Front Office Sports Today

Could Promotion-Relegation work in College Football?


Featured Today

Teams without secured venue situations could be left out of a potential XFL-USFL merger.

XFL-USFL Merger Could Drop Teams, Change League Name

Teams without secured venues could be cut from a XFL-USFL merger.
September 21, 2023

Rupert Murdoch's Exit Leaves Lasting Fox Sports Legacy

Rupert Murdoch steps down as chairman of Fox Corp. and News Corp.
Could ESPN lose events such as the NBA Finals if it sold ABC.
September 21, 2023

Selling ABC Poses Billion-Dollar Dilemma for Disney and ESPN's Future

Losing ABC would create complications as ESPN enters NBA rights negotiations.
Boise State Broncos running back Ashton Jeanty (2) runs the ball against the North Dakota Fighting Hawks during the first half at Albertsons Stadium.
September 20, 2023

The First Official Proposal for Promotion-Relegation In College Football

Realignment is forcing Group of 5 schools to rethink their structure.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire
PFL Bellator
September 1, 2023

Professional Fighters League in Discussions to Acquire Bellator

The Professional Fighters League is seeking to purchase Bellator MMA.
CAA logo on side on building
August 31, 2023

French Billionaire Nears $7B Deal For Talent Agency CAA

Pinault showing confidence in agency business despite existential challenges
August 24, 2023

Everton Woes Continue After $190M Deal with MSP Sports Capital Collapses

Last-place Premier League club faces range of troubling issues