The Winnipeg Jets are a professional hockey team based in Winnipeg, Manitoba. The original Winnipeg Jets competed in the World Hockey Association (1972–79) and in the National Hockey League (1979–96). The team was sold to American interests in 1996 and moved to Arizona, becoming the Phoenix Coyotes (now the Arizona Coyotes). In 2011, True North Sports & Entertainment Limited bought the struggling Atlanta Thrashers franchise and relocated it from Georgia to Winnipeg, renaming the team the Winnipeg Jets. Forbes magazine placed the value of the Jets at US$375 million in 2017, and at US$650 million in 2022.