Smith Entertainment Group announced a partnership with Arctos Sports Partners (Arctos) to invest in the greater Utah 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 to the state, and its goal to build Utah as a premier sports and entertainment center.
“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 that as powerfully as sports
The Arctos partnership includes minority investment across multiple SEG properties, including Real Salt Lake, the 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 firm of its kind to invest across MLB, MLS, NHL and NBA. Its 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 that as powerfully as sports,” said Ryan Smith, chairman of Smith Entertainment Group. “We are excited to partner with Arctos. They are committed to Utah and to investing in this community and our sports teams and facilities. As SEG continues to build out the professional sports landscape in the state, the Arctos partnership brings strong commitment to Utah sports and a deep connection across all major sports leagues.”
Also Read: Bio-techne Announces Release of Quantist Luminex® Data Analysis Software
Arctos’ partner franchises are able to leverage the deep industry knowledge and operational expertise of the firm’s 30+ investment and sports business professionals as well as the firm’s senior advisors to help drive additional value.
“We believe in Utah and all the amazing things happening in the state and we believe SEG is poised to be the next big sports and entertainment group. Ryan Smith has an eye for opportunity and innovation.