One keyword here is internationalization. I dont know what that means but my sense is therell be benefits.. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. [6][7] In August 2013, Blitzer and Harris purchased the New Jersey Devils of the National Hockey League (NHL), which included the Prudential Center in Newark, New Jersey, for over $320 million. Blitzer is also the co-owner of Real Salt Lake of Major League Soccer and a minority owner of the Cleveland Guardians of Major League Baseball. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. By approaching every opportunity as a business decision while still sharing the spirit of a fan, Blitzer is able to staff each franchise he owns with the same approach as his day job at Blackstone. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. David Abrams Named Head of Investments at Harris Blitzer Sports Switchboard: +1 (212) 583-5000. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. The exchange with North American professional clubs around know-how is also an opportunity for the club. This is perhaps best seen by the Sixers hire of longtime Rockets front office boss Daryl Morey as President of Basketball Operations, though its said these same approaches will be taken in some form or fashion to his investments in hockey, esports, and soccer. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. 10 things to know about Real Salt Lake's new owner David Blitzer #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. Scott is a founding partner of Harkness Capital. He is also involved in the Tac Opps Investment Committee. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. A link has been emailed to you - check your inbox. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Mr. Blitzer and his wife, Allison, founded the Blitzer Family Foundation, which supports positive youth development by creating opportunities centered around education, athletics, health and wellness. When you buy products through Boardroom's links, we may earn an affiliate commission. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. The Blackstone Group 4 years 10 months. Blitzer is also the managing partner of Harris Blitzer Sports & Entertainment (HBSE), a sports and property management company he founded with Josh Harris that owns the Philadelphia 76ers of the National Basketball Association and New Jersey Devils of the National Hockey League, among other brands and properties. To receive email alerts from Blackstone, sign up below. Guy Oseary, Ashton Kutchers Sound Ventures Launches $240M AI Fund, Rooms You Cant Get Into: Klutch Athletics x New Balance VIP Brunch, JJ Watt, Kealia Watt Invest in Newly Promoted Premier League Club Burnley FC, Mat Ishbia on the Suns & Mercurys Huge Media Move, How TikTok Became the Home for the Rising Female Rappers of Gen Z. matt@lippingroup.com / kevin@lippingroup.com, Just Womens Sports PR Create your account and get enhanced access to all the latest stories. Heres a timeline of some of the key moments and moves that made Blitz one of the most respected players in the worlds of sports, business, and entertainment. Gametime Lands $30M - VC News Daily Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. During that decade, he had the ability to connect with his chosen high school sport soccer planting the seeds to own association footballl clubs in his future. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. JWS first quarter revenue in 2022 was 4x its revenue from Q1 2021, and the company is on pace to triple its Q1 2022 revenue in Q2. For press inquiries, contact[emailprotected]. The professional division of the Fuggerstdter, which has been playing in the top German league for 10 years despite a mostly rather low budget has been spun off into this company.Bolt Football Holdings has now joined Hofmanns GmbH as a shareholder. As an adult, hes got his own team in Salt Lake and sits at the same tables as Earvin the Entrepreneur where pro sports are concerned. Mr. Blitzer and his wife Allison reside in New York City with their five children. He joined the firm in 1991. Patriots owner Robert Kraft among investors in Premier - SportsPro 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. As 2022 continues, dont be surprised if you keep seeing Blitzer the Harris Blitzer Sports & Entertainment names pop up when it comes to even more acquisitions. David Blitzer - Blackstone To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Hes the first person with an equity stake in the five biggest US professional sports leagues. However, this was cancelled due to the Corona pandemic. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. Having invested in a variety of sports teams, but with soccer teams I have a view that over time there are benefits to that equation. [23], In 2010, Blitzer's father-in-law, Stuart Ross, who once owned the North American rights to the Smurfs franchise, was convicted of trying to extort $5.5million from Blitzer in return for having no more contact with Blitzer's family and another $5.5million from Blitzer for having no more contact with Blitzer and Blackstone. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. He also leads the Tac Opps Investment Committee. Prior to launching Tac Opps, Mr. Blitzer had been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. We are independently minded and lead the first round of financing in over 90% of our investments. BOLT VENTURES I LLC. press@justwsports.com, Internet Explorer presents a security risk. What is the story of the payment company Worldline? 2022 Season Tickets can be purchased at . Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. Prior to launching Tac Opps, Mr.Blitzerhad been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. I was one of those fake or failed athletes growing up, but I was a massive, massive sports fan as a little kid and all the way until today, Blitzer told his alma mater. In addition to Alpha Wave Ventures, today's investment includes participation from new investor Mark Vadon, as well as returning investors SC.Holdings, David Blitzer's family office Bolt. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. New additions to its standout roster of athlete investors include the aforementioned King, Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul Rabil and Apolo Ohno, among others. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. Bolt Ventures - Building Futures . Blitzer is a co-owner of several clubs in various sports. Portfolio News Full Portfolio >> Tonal By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. Jeffrey Saunders - Founder - 10khours | LinkedIn Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. About Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . The round was led by Nimble Partners (including Golden State Warriors owner John Burbank), with additional investment by Maven Ventures, Accel, GV, Jeff Mallett (San Francisco Giants principal. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic Through Bolt Football Holdings, Blitzer is part-owner or full-owner of the English club Crystal Palace FC, German club FC Augsburg, Dutch club ADO Den Haag, and . 76ers' Owner Josh Harris is Bouncing Back This Week. 1. This is a question that only Blitzer himself can answer, but he has not yet commented on it. The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. David Abrams, who has three decades of experienced in investment banking and private equity, will fill the new position at Harris Blitzer Sports & Entertainment (HSBE). In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. The round also included Golden State Warriors owner John Burbank, as well as Nimble Partners, Maven Ventures, Accel, GV, Bolt Ventures, Tenere Capital, Blitscaling Ventures, Next Play Capital, Alumni Ventures, University Growth Fund, Palapa Ventures and numerous influential individual investors. | News VP Finance 2 emails found 1 phone number found . The round is led by Nimble Partners (including Golden State Warriors owner John Burbank), with additional investment by Maven Ventures, Accel, GV, Jeff Mallett (San Francisco Giants principal partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), Tenere Capital, Blitzscaling Ventures, Next Play . The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. Mr. Krase co-founded each of the funds, was a member of the firms investment committee and has served as a lead participant on numerous creditor committees. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret.
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