According to Eric Walden, Utah Jazz owner, Ryan Smith, has sold a minority share of Smith Entertainment Group to Acrtos Sports Partners in hopes of bringing another professional franchise to Utah.
Smith Entertainment Group sold a minority stake to Arctos Sports Partners on Friday, with the goal of bringing a third professional sports franchise to Utah. https://t.co/egn8QysOEH
— Eric Walden (@tribjazz) August 19, 2022
According to Walden, Arctos has ownership stakes in multiple sports franchises, and they are bullish on the Salt Lake market to support another professional franchise.