[1][2][3] Smith is also owner of the Utah Jazz of the National Basketball Association (NBA), the Utah Hockey Club of the National Hockey League (NHL) in Salt Lake City, the co-owner of Real Salt Lake of Major League Soccer (MLS) with sports investor David Blitzer.

[2] On 28 October 2020, Smith bought a majority stake in the Utah Jazz of the National Basketball Association (NBA) from Gail Miller.

[11][12] The pair also reestablished the Utah Royals of the National Women's Soccer League (NWSL) in 2023, with the original team becoming the Kansas City Current in 2020.

[16] SEG officials also said that the team could play immediately at the Delta Center, and perhaps later in a new to-be-constructed arena in the Salt Lake City area.

[17] On 18 April 2024, Smith purchased the Arizona Coyotes assets (personnel, draft picks, roster) from Alex Meruelo for $1.2 billion.