Headquarters Location In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. He is also involved in the Tac Opps Investment Committee. Get on our list for weekly sports business, industry trends, interviews, and more. Analysts estimate that ticketing revenue for music and sporting events alone could reach $54 billion globally in 2022, a 142% growth from five years ago and a 443% increase over 2020 when the. With ticket sales closer to the start of the game or concert skyrocketing in popularity, Gametime has defined the last minute category and is the brand of choice for answering the questions: whats up tonight?. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. David Blitzer has made 11 investments. Founded by CEO Haley Rosen, the company has raised $10 million to date from a diverse set of institutional and angel investors, as well as some of the worlds most prominent female athletes. Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. But I would never make an investment just for the fun side of the equation.. team owners David Blitzer [New Jersey Devils, Philadelphia 76ers], GSW Sports Ventures [an affiliate of the Golden State Warriors], Steve Kaplan [D.C. United, Swansea City], Steve Koonin [Atlanta . Create your account and get enhanced access to all the latest stories. Ticketing platform Gametime has generated US$30 million in funding round involving co-managing partner of the Philadelphia 76ers and New Jersey Devils David Blitzer, as well as San Francisco Giants owner Jeff Mallet. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. Were in a golden age of live entertainment as pent-up demand from the pandemic is fuelling record growth for attendance at sporting events, concerts and shows, says Brad Griffith, chief executive of Gametime. At the end of the day, you hire the best people at every position and you give them the room to do their jobs.. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. David Scott Blitzer (born September 7, 1969) is an American private equity investor.He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group.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 . . Here are 10 facts about RSL's new lead investor. The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). David Blitzer, part-owner of the Philadelphia 76ers and New Jersey Devils, is nearing a deal to acquire a significant minority stake in the Cleveland Guardians, according to multiple people. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. Blitzer may have a chance to change that. | Advertise If you are having difficulty accessing any content on this website, please visit our Accessibility page. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. Owning teams was something to look at and talk about among the affluent, subject to appreciate in value but not viewed as a year-over-year sensation. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. The round was led by Blue Pool Capital, Joe Tsai's family office, with participation from Billie Jean King, Michele Kang, Bolt Ventures, David Blitzer, SC Holdings, Revolution's Rise of the Rest. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . A link has been emailed to you - check your inbox. This is a question that only Blitzer himself can answer, but he has not yet commented on it. His acquisition of e-sports franchise Dignitas in 2016 was forward-thinking while this years leap into Major League Soccer makes one wonder just whats next for the global game in the US. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. The Tac Opps team invests all around the world in varying industries and asset classes, finding and executing on an array of investment opportunities, as the name suggests. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. | News [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. 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 . David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. In 2021, Real Salt Lake had a 9-4-4 home record, set a new club mark for most consecutive home wins (seven), and advanced to the Western Conference Final. While the global game has long lived in the US as a commonly played sport, the viewership of the MLS does not compare historically to that of the NFL, NBA, or major overseas leagues. 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 rest of the shares are divided between shareholder Thilo Sautter (4.07 percent) and Projekt Green GmbH (20.37 percent). Haley and her team have the vision and talent necessary to usher in a new era in sports media.. The American group is led by David Blitzer, Jahm Najafi and Jeff Moorad and enjoys a portfolio that spans stakes in Premier League club Crystal Palace, NBA teams Philadelphia 76ers, and the Phoenix Suns and the New Jersey Devils in the National Hockey League, among others. Bolt Ventures is a family-owned venture capital firm which provides smart capital and pro-active hands-on support to fast-growing highly-scalable IT, Gaming & High Tech companies. Who is David Blitzer? 12/06/2022 . According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. A trip to the USA was planned for the summer of 2020 as part of the preparations. [1] He graduated magna cum laude from the Wharton School of the University of Pennsylvania in 1991 and joined Blackstone Inc, where he currently serves as the head of their Tactical Opportunities group and a member of their management committee. Bolt Ventures is a family-owned venture capital firm which provides smart capital and pro-active hands-on support to fast-growing highly-scalable IT, Gaming & High Tech companies. bolt ventures david blitzer. With Josh Harris, Blitzer is also a partner in Harris. What is US investor David Blitzer doing with FC Augsburg? September 16, 2020 12:29 PM EDT. There is no indication yet as to whether Bolt is involved in the sale. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. He also leads the Tac Opps Investment Committee. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. [18][19], Blitzer is Jewish. For the economist, see, Wharton School of the University of Pennsylvania, "NJ Devils Co-Owner David Blitzer Will Return to Scotch Plains-Fanwood High School for Hall of Fame Induction", Blackstone Group: Our People - David Blitzer, "In Their Own Words With Blackstone Group's David Blitzer", "Sale of 76ers to Joshua Harris finished", "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success", "Group led by Joshua Harris completes purchase of Sixers - 10/18/2011", "Devils announce sale of team to billionaire Josh Harris", "Mandalay Announces Pending Sale of Ownership Interest in RailRiders", "RailRiders Unveil Members of Local Ownership", "Sixers owner Josh Harris buys into Crystal Palace soccer club", "Crystal Palace: Deal agreed with US investors Harris and Blitzer", "David Abrams Named Head of Investments at Harris Blitzer Sports & Entertainment", "HBSE flexing its financial muscle thanks to appointment of head of investments", "76ers owners appoint investment chief for esports and other ventures", "San Francisco 49ers, HBSE and CAA team up to create Elevate Sports Ventures - SportsPro Media", "David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake", "Blitzer purchases 25% stake in Guardians", "Cleveland Guardians reach agreement with David Blitzer-led investment group for minority stake in club", The Evening Standard: "$11M Family Feud Rocks Private Equity World; at Loggerheads: Stuart Ross, above Left with His Attorney, Stuart Jackson, and His Son-in-Law, David Blitzer, Far Right", "Private Equity Princes Reach Deal for 76ers", "Meet Our Speakers: Josh Harris and David Blitzer", Wall Street Journal: "New Tack in Extortion Case - Blackstone Executive Now Being Sued by His Father-in-Law's Former Attorney", New York Post: "Importer of 'Smurfs' takes plea in wacky $11.5million Blackstone Group extortion case" By LAURA ITALIANO, Bloomberg: "Father-in-Law of Blackstone Director Blitzer Faces July 26 Extortion Trial" By Karen Freifeld, Hillel Organization: "2012 Annual report", "Most Influential: Dealmakers & Disrupters", Major League Soccer principal owners by team, https://en.wikipedia.org/w/index.php?title=David_Blitzer&oldid=1151862160, American chief executives of professional sports organizations, Chairmen and investors of football clubs in England, Chairmen and investors of soccer clubs in the United States, Sportspeople from Union County, New Jersey, Wharton School of the University of Pennsylvania alumni, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 April 2023, at 18:25.

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