As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. "You sit there as a fan your entire life I'm a huge sports fan and you see X, Y, Z owner and think, 'Wouldn't it be really cool to own a sports team,'" Blitzer told the New York Business Journal. Do a Google Image search for David Blitzer and you'll see his likeness in front of some of the most recognizable logos in sports. 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. I look forward to collaborating with David for years to come to achieve our goal of winning a World Series.. Estimated current value: $2.16 million Year purchased: 2012. The most important player on that list is pitcher Shane Bieber, a two-time All-Star, former All-Star game MVP, and the 2020 American League Cy Young Award winner. (Photo by Getty Images), Rio Ferdinand: If Soccer Clubs Harness Their Power, Fans Can Change The World, Female Coaching Network Launch Paid Internship At Tottenham Hotspur, The Brandon Nimmo And Jeff McNeil Deals Signify The New Era New York Mets. Purchase price: $5.4 million The addition of Blitzer to the Guardians ownership group comes at a good time. The home is an amazingplace for entertaining, Mr. Elmes said. Julia Wilkinson is an intern on the Editorial team. Portugal's Benfica, in which Textor once tried to buy a stake, has sold players worth 840mn in the past five years, according to Transfermarkt, at a trading profit of 480mn, the highest in . [12], On August 15, 2013, it was announced that a group led by Joshua Harris and partner David Blitzer have purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate Prudential Center arena in Newark, New Jersey. The home listed for sale at the beginning of February for $24.9 million and had found a buyer by the start of Mayjust over 90 days laterdemonstrating South Florida's active luxury home market. Outside, the property has a saltwater lap pool, a putting green, 800 feet of water frontage, a boat slip with a lift and a private beach, according to the listing. Eventually. Their next big acquisition would be Crystal Palace, where HBSE would partner with Steve Parish to take a controlling interest in the club. MLB Commissioner Rob Manfred told ESPN that he is "really excited about the change there.". Luckily I was able to get together with Ryan Smith and his team. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. The Salt: Whats RSLs intention with this roster? "David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. Click the persons name to see his or her house, how much it cost, what neighborhood its in, and more. How David Blitzer Built it. Blitzer assumes 25% ownership of the team, with an option to become the majority owner in six years. Neighborhood: Arlington On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. Much like the company he works for, Blitzer impresses with his reach and relationships. David Blitzer Guardians minority owner Blitzer purchases 25% stake in Guardians He's also part-owner of NBA's 76ers and NHL's Devils June 27th, 2022 Mandy Bell @ MandyBell02 CLEVELAND -- The Guardians have added financial resources and plenty of experience at the top of the organizational chart. Blitzer is currently a minority owner of the NHL's New Jersey Devils, and the NBA's Philadelphia 76ers. During Blitzers time on campus, Wharton became thefirst business school to form an International Executive Advisory Board; the scools ability to generate and execute big ideas both domestically and abroad was a fitting primer for what Blitzer was about to do himself. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. What it lacks in frippery it makes up for with its location, three blocks from the Capitol and a half block from Stanton Park. It incorporates the New Jersey Devils of the NHL, the Philadelphia 76ers of the NBA, Crystal Palace F.C. [15] As of December 2022, the value of the Devils had increased to $960 million. Dell Loy Hansen said he would be selling Real Salt Lake way back in August 2020 remember that? [6][7], Blitzer is a member of the investment group that won a $280million bid for the purchase of the Philadelphia 76ers. In 2013, he purchased the NJ Devils at over $320 million. Upon graduating, Blitzer would join the Blackstone Group as a Senior Managing Director & Head of Tactical Opportunities. All rights reserved. All Rights Reserved. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Dan Snyder Is Selling His Potomac Estate for $49 Million, 5 Takeaways from ESPNs (Newest) Bombshell Dan Snyder Report, Trucker Convoys Began to Fail Their Way Around DC One Year Ago, PHOTOS: Supporters Rally for Ukraine on the Anniversary of the Russian Invasion, Fearless Artist Is Helping Creators Overcome Obstacles, Rebecca Boggs Robertss New Book Highlights the Other President Wilson, DCs Hottest Dating Show Is the Zoos Horny Ducks, Check Out DC Uniteds New Cherry Blossom Jersey (Sorry, Kit), DCs Best Breakfast Sandwich Pop-Up Is Becoming an All-Day Restaurant, 11 Fun Things to Do in the Washington, DC, Area in March, The 100 Very Best Restaurants in Washington. Estimated current value: $4.25 million Washingtons favorite Russian expat upgraded from a 5,000-square-foot Arlington home to this newly built 8,000-square-foot Colonial on more than an acre. Estimated current value: $1.70 million In January 2022, Blitzer would structure a similar agreement with Ryan Smith's Smith Entertainment Group (SEG) to take a controlling interest in the MLS franchise Real Salt Lake. Estimated current value: $3.42 million Tac Opps is Blackstone's opportunistic investment business which invests globally across asset classes and industries and seeks to identify . But the addition of minority owner Blitzer potentially gives the Guardians the wherewithal to buy out the remaining arbitration years, and perhaps even a free agent year, with multi-year deals for the right players. Purchase price: $990,000 Blitzer was born in Scotch Plains, New Jersey, and graduated from Scotch Plains-Fanwood High School before enrolling at the University of Pennsylvania, where he would graduate magna cum laude. This will make Blitzer, 52, the first person to hold equity in all five major U.S. sports leagues Major League Baseball (MLB), the National Basketball Association (NBA), the National Football League (NFL), the National Hockey League (NHL), and Major League Soccer (MLS). The Cleveland Guardians, one of the most cautious spenders in the major leagues, have put themselves in a position to be more aggressive in procuring players. David Blitzer. The eight-figure sale price makes it the most expensive home to change hands in Bay Colony, an upscale gated yachting community in the city that's comprised exclusively of waterfront homes and guarded with armed guards, according to Compass agent Tim Elmes of the Elmes Group, who handled both sides of the deal. He was convicted of extortion and sentenced to five years of probation under the condition that he get psychiatric and alcohol treatment and has no contact with his daughter Allison, Blitzer, their children, and the Blackstone Group. The head coach of the Caps and his wife, Kim, settled in Lyon Park because the everyone-knows-each-other neighborhood seemed like a good fit for their younger son, a high-schooler with Down syndrome. Teaming with Utah Jazz owner and Salt Lake City-area native Ryan Smith and investment firm Arctos Sports Partners, Blitzer bought RSL from former owner Dell Loy Hansen, who put the team up for. The home occupies 7,600 square feet plus a 2,000-square-foot basement. Neighborhood: Arlington Year purchased: 2009. He is a co-overseeing accomplice and minority proprietor of a few games groups. The DC power couple recently left Wesley Heights for this 6,600-square-foot six-bedroom in Phillips Park, an enclave of new homes near Whitehaven and Glover Archbold parks thats protected by private security. Purchase price: $2.675 million Hes a long-time executive at Blackstone Group, where he is the Global Head of Tactical Opportunities. Year purchased: 2015. David M. Blitzer is the former chairman of S&P Dow Jones Indices, where he was head of the index committee that determines which stocks are added to the S&P 500 Index, the Dow Jones Industrial Average, and all other stock market indices calculated by the company. Her unit in a small condo building east of 14th Street is relatively modest: 1,100 square feet, one bedroom plus den, two baths. New Jersy Devils owner David Blitzer addresses the media during the press conference announcing the new ownership of the New Jersey Devils on August. Neighborhood: Bethesda Best believe that if Blitzer buys in, he has a plan. Some of you already know, but are curious about who else is involved. The Cleveland Guardians officially have a new minority owner. Its also interesting to note that, for what its worth, Blitzers official arrival comes with the Guardians squarely in the hunt in the AL Central race, and this years August 2 trade deadline just a little over a month away. Estimated current value: $1.85 million Year purchased: 2006. J. Coles Dreamville Festival has always been a highly anticipated fixture since Sign up for Boardrooms newsletters to get the biggest stories in the business of sports, entertainment, and culture directly in your inbox daily. Purchase price: $4.9 million This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, How Success Happened for Josh Harris, Co-Founder of Apollo Global Management and Co-Founder of Harris Blitzer Sports & Entertainment, Stayed True to His Triple 'Win' Strategy to Build a $1 Billion Business, the 10 Most Difficult Conversations to Have in the Workplace. David Cassidy bought the $1.1 million home in 2001 and completely renovated it in 2006 before losing it in a Chapter 11 bankruptcy filing in 2015. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. Neighborhood: Takoma Park The Legal Battle Over NFL Sunday Ticket Heats Up, Tottenham Hotspur Announce 15-Year Partnership with Formula 1. 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. Of course. David is a private value financial backer by calling. Photo by Anice Hoachlander/Hoalander Davis Photography. In 2016, shortly after the ballclub added Sherman as a minority owner, Cleveland signed free agent Edwin Encarnacion to a three-year, $60 million contract, which was, at that time, and still is, the largest contract in franchise history. Year purchased: 2014. We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. [4] Blitzer is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. Estimated current value: $13.19 million At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. After buying the property from Jordanian royalty, the Redskins owner cut down 130 trees to preserve views of the Potomac for the ballroom he was building inside the mansion, a 19,400-square-foot behemoth. Built in 1951, the 5,500-square-foot five-bedroom/eight-bath owned by the would-be commander in chief sits on a tree-lined property at the end of the street, a Secret Service details dream. Shortly after becoming the Redskins coach, Gruden picked up this new-construction French Provincial on three acres in the Creighton Farms development, a gated community with a Jack Nicklaus golf course. Estimated current value: $1.46 million As Marc Rubinstein points out on the Beyond Buyouts Podcast, Blackstone has been savvy enough to diversify into real estate, hedge funds, corporate private equity, credit, and other alternative assets since starting in 1985. Football fans are a formidable bunch, and anyone attempting to inhibit their ability to watch their favorite teams is likely Drake, Usher, Summer Walker, and Lil Durk are among those joining co-founder J. Cole at Dreamville Festival 2023 in Raleigh, North Carolina. "The lifestyle [the buyers] are getting is just fantastic, it's like havingyour own mini Four Seasons.". Blitzer has lived in this house for his entire 26-year career at CNN. According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. The split-level four-bedroom has a wine cellar and occupies 5,300 square feet. Neighborhood: Capitol Hill Blitzer also has a stake in the New Jersey Devils of the NHL, and NBA's Philadelphia 76ers. Neighborhood: Massachusetts Avenue Heights/Embassy Row In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. Weve long heard that there will be a local component to ownership of the club. Blitzer, along with his wife Allison, a fellow Penn graduate, runs the Blitzer Family Foundation. Estimated current value: $816,000 A representative for Blitzer declined to comment; a representative for the Guardians didnt immediately respond to a request for comment. The team is averaging14,581fans per game this season, which ranks 26th among MLB teams. Blitzer may have a chance to change that. Hes also involved in a number of other ownership groups across many sports. Year purchased: 2001. Plus it has a wet bar. (Blackstone Group is not involved in the purchase, or at least there has been no reporting to indicate such.) AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. In an interview, the men in charge of RSL discuss culture, player spending, and the future of soccer in Utah. COPYRIGHT 2023 MANSION GLOBAL. Since then, weve been linked with various ownership groups, and it hasnt really landed anywhere until now. Estimated current value: $562,500 The Guardians, who have played surprisingly well this season despite having the youngest team in the major leagues, have several key players still under club control through arbitration. In 2013, Blitzer and business partner Joshua Harris would acquire the New Jersey Devils, and the rights to the Prudential Arena in Newark New Jersey, for a reported $320 million. A Balinese-inspired estate outfitted with a putting green and a private beach in Fort Lauderdale, Florida, sold Monday for $20.4 million. From the front office to the front row, David Blitzer has become a serious name to know in the business of sports. Lerner acquired his propertys deed for a recorded price of $10. 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. There are multiple groups involved here, so lets start with the soccer-specific holdings. Needless to say, the future of Major League Soccer will be assisted by proven leadership as Blitzer recently teamed up with Utah Jazz governor Ryan Smith to become co-owners of Real Salt Lake. Estimated current value: $1.55 million It best known for its former League of Legends and Counter-Strike: Global Offensive squads. David Blitzer is a rich value financial backer with a monstrous total assets of $1.3 billion. Denizens of 14th and U delight in spotting the Supreme Court justice, who has said the neighborhood reminds her of home (that is, New York). Estimated current value: $772,500 Unidad Editorial Informacin Deportiva, S.L.U. Holders high-wattage neighbors include US senator Claire McCaskill and NBC4 anchor Wendy Rieger. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. The couple could not be reached for comment. Unidad Editorial Informacin Deportiva, S.L.U. This has proven true. 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