By making the most of the media rights and scarcity value tied to professional sports, the kid who wanted to own the Sixers since he was seven is adding tangible value to teams in all arenas. Sold in early 2023 to the Sony. With the demand for digital media ascending, pro sports audiences going global, and the number of franchises staying mostly stagnant, Blitz saw an opening in the market and seized it. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. Best believe that if Blitzer buys in, he has a plan. This is a question that only Blitzer himself can answer, but he has not yet commented on it. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. The company's . New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. From its inception, the company has prioritized supporting and partnering with the athlete community. However, this was cancelled due to the Corona pandemic. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). 1991:Graduated magna cum laude from Penns Wharton School of Business1991:Started at Blackstone2001:Moved to England to build Blackstones European private equity business2007:Blackstone goes public2011:Blitzer returned to the United States2011:Purchased Philadelphia 76ers as member of investment group2013:Purchased majority stake in New Jersey Devils2014:Founded Blitzer Family Foundation with wife Allison to support youth development2014:Purchased 50% interest in New York Yankees AAA affiliate Scranton/Wilkes-Barre RailRiders with David Abrams2015:Took controlling stake in London soccer club Crystal Palace FC with Joshua Harris and Steve Parish2016:Purchased esports organization Dignitas with Joshua Harris2017:Formed Harris Blitzer Sports & Entertainment2018:Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers2022:Became co-owner of Real Salt Lake with Ryan Smith. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. David Blitzer Profile: Contact Information & Network | PitchBook This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. For the entrepreneur, the investment in FCA represents a great opportunity to play a role in German soccer which is generally very difficult for investors to access. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. 1. Patriots owner Robert Kraft among investors in Premier - SportsPro He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. Gametime Secures $30M in Funding - FinSMEs David Blitzer - Wikipedia Language links are at the top of the page across from the title. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. He is also involved in the Tac Opps Investment Committee. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? For press inquiries, contact[emailprotected]. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. Portfolio News Full Portfolio >> Tonal Luckily I was able to get together with Ryan Smith and his team. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . This latest round of funding gives us the resources to cement our status as the leading platform in the space.. Owners of Golden State Warriors, Philadelphia 76ers and San Francisco Founded by European and Brazilian entrepreneurs and investment specialists from several countries, the team has extensive knowledge of building and mentoring start-up businesses as we as in seed and angel investments, having managed Mountain do Brasil Investments SCA for the last 2 years out of Sao Paulo. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. To view recent press releases,click here. Bolt - Crunchbase Investor Profile & Investments Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . Previously, he shared responsibility for the portfolio management activities of Oak Hill Advisors, a NY based asset manager with over $20 billion of assets under management. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. A trip to the USA was planned for the summer of 2020 as part of the preparations. This is certainly also an important point for the club, which stands for tradition. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know. We focus on data-driven companies across Europe with global ambition. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. He is also involved in the Tac Opps Investment Committee. We are independently minded and lead the first round of financing in over 90% of our investments. JWS previously raised$3.5 millionin May 2021. JWS Founder and CEO Haley Rosen believes the additional funding is further proof that womens sports is entering a new era of investment and popularity, with JWS leading the way.