[5] In 1991, he accepted a position with the Blackstone Group where he currently serves as senior managing director & global head of tactical opportunities in New York City. 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. Neighborhood: McLean The other members of the investment group are: Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien, all fellow Wharton School of the University of Pennsylvania graduates,[8] as well as former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. Blitzer has lived in this house for his entire 26-year career at CNN. [2][3] In 1987, he graduated from Scotch Plains-Fanwood High School. Subscribe to our newsletter to get the latest news when it matters most. Former DC mayor Anthony Williams, a neighbor, bought his slightly bigger unit in the building the year before for $1.2 million. 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. Of course. [26][27][28], Last edited on 23 February 2023, at 19:54, "Sixers owner Josh Harris buys into Crystal Palace soccer 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", "NJ Devils Co-Owner David Blitzer Will Return to Scotch Plains-Fanwood High School for Hall of Fame Induction", Blackstone Group: Our People - David S. Blitzer, "In Their Own Words With Blackstone Group's David Blitzer", Philadelphia Inquirer: "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success" By Kate Fagan, ESPN: "Group led by Joshua Harris completes purchase of Sixers", Group led by Joshua Harris completes purchase of 76ers, "NBA Team Valuations" #10 Philadelphia 76ers", "Devils announce sale of team to billionaire Josh Harris", Jewish Exponent: "Josh Harris, owner of the Philadelphia 76ers, has, with David Blitzer, purchased the New Jersey Devils in the NHL for $320million" By Michael Elkin, "Sixers owners Josh Harris, David Blitzer form sports and entertainment business", "NHL Team Valuations" #17 New Jersey Devils", "Mandalay Announces Pending Sale of Ownership Interest in RailRiders", "RailRiders Unveil Members of Local Ownership", "Palace agree 50m US investment from New Jersey Devils owner", "76ers acquire esports teams Dignitas and Apex", "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", Hillel Organization: "2012 Annual report", "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, https://en.wikipedia.org/w/index.php?title=David_S._Blitzer&oldid=1141182474, This page was last edited on 23 February 2023, at 19:54. 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. The options in Blitzers deal allow him to purchase a controlling stake in the team in six to eight years, people familiar with the deal told Sportico in December. Dell Loy Hansen said he would be selling Real Salt Lake way back in August 2020 remember that? The 27-year-old Bieber can become a free agent following the 2024 season. Neighborhood: H Street, Northeast Tac Opps is Blackstone's opportunistic investment business which invests globally across asset classes and industries and seeks to identify . By August of 2019, the value of the team had increased to $1.7 billion. His search began when John Sherman, who became a minority owner of the team in 2016, left Cleveland in 2019 to become the owner of the Kansas City Royals. Purchase price: $4.9 million Neighborhood: Arlington 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Luckily I was able to get together with Ryan Smith and his team. Jun 20, 2022. Blitzer will serve as Governor for Real Salt Lake with SEG appointed to the alternate Governor . The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. Fort Lauderdale's luxury single-family home marketdefined as the top 1% of homessaw its market reach the fastest pace on record during the first quarter of the year, according to a report from brokerage Douglas Elliman, which found that the typical high-end house sold in 181 days. "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. Estimated current value: $4.25 million The deal would also include a path to eventual majority control over the franchise for Blitzer . In addition to the Sixers and Devils, Blitzer also has sports holdings with soccer clubs Crystal Palace and Real Salt Lake. We came together and decided to partner, do this and invest in Real Salt Lake.. Estimated current value: $9.2 million Neighborhood: Bethesda The conservative Supreme Court superlawyerof Bush v. Gore famewas solicitor general in the George W. Bush administration from 2001 to 2004 and is now a partner in the DC office of Gibson, Dunn & Crutcher. 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. Neighborhood: Potomac She is a rising junior at Harvard University studying Government with a secondary in Psychology. If he paid more than that, county records dont disclose it. 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. Shortstop Amed Rosario is likewise eligible for free agency following the 2024 season. Sporticast: Mr. Fertitta Goes to Washington, Mr. Lasry Sells inMilwaukee, MLBs SeatGeek Resale Deal Includes $400M MinimumGuarantee, Sporticast: Manchester United Roller Coaster, MLS Season KicksOff. The foundation "promotes youth development through education, athletics, and health," according to its website. Purchase price: $4.3 million 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. Membership is currently only available through invitation. All rights reserved. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. In the upcoming years, he'll have the ability to increase his stake to a controlling interest (50% or more). Who are David Blitzer and Arctos Sports, reported new owners of Real Salt Lake? Estimated current value: $772,500 WMATAs turnaround chief turns around on weekends to head home to his wife and teen daughter in Baltimore County, where theyve long lived. According to Sportico, the billionaire already owns the Pittsburgh Steelers, Philadelphia 76ers, New Jersey Devils . The team is averaging14,581fans per game this season, which ranks 26th among MLB teams. Purchase price: $815,000 Send us a tip using our anonymous form. Neighborhood: Colonial Village A native of Scotch Plains, New Jersey, Blitzer graduated magna cum laude from the Wharton School of Business at the University of Pennsylvania in 1991. Junio Blitzerthe global head of tactical opportunities at Blackstone and a member of the firm's management committeeis already co-owner of the NBA's Philadelphia 76ers and New Jersey Devils, owner of MLS club Real Salt Lake, and a minority investor in the NFL's Pittsburgh Steelers. HBSE provides a unique opportunity to harness the power of our talented management team and our shared resources to fuel growth and expansion, and a means to accelerate and sustain long-term success.. 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. [11] As of October 2022, the value of the Sixers has increased to $3.15billion. Estimated current value: $562,500 of the . [25], In 2010, his 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. Estimated current value: $924,300 Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. The conservative pundit bought this four-story, 2,000-square-foot townhouse shortly after moving from MSNBC to CNN and marrying public-relations exec John Goodwin. 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). The franchise has been controlled by the Dolan family since 1999, when Larry Dolan purchased the franchise from Dick Jacobs. ballclub be more aggressive pursuing free agents, something Cleveland has been reluctant to do in recent years. Yes, the primary color decorating the eight-bathroom house is a vivid blue (except for the 12-seat theater in the basement). "David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. What a day the deal may be done, and Real Salt Lake may finally be out of the purgatory in which weve been cast for well over a year. Blitzer grew up in Scotch Plains, New Jersey, and is Jewish. Purchase price: $265,000 Blitzers Guardians agreement is a complex transaction that includes equity from at least two placesthe Dolan family, the teams principal owner, and current Kansas City Royals owner John Sherman. Neighborhood: Potomac Purchase price: $8.64 million Julia Wilkinson is an intern on the Editorial team. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. "We also look forward to assisting the Guardians in their mission of using the platform of baseball to drive positive change in the communities our team serves. [24], Blitzer is married to Allison (ne Ross) Blitzer, who is also Jewish;[2] they have five children. He is also involved in the Tac Opps Investment Committee. Much like the company he works for, Blitzer impresses with his reach and relationships. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. Year purchased: 2012. According to Forbes, the Sixers are now worth $2.5 billion. All Rights Reserved. Before buying their 2-story rowhouse in the District, they lived in Logan Circle. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. Year purchased: 2014. The five-bedroom, six-bath home has a master suite with cathedral ceilings and French doors opening onto a balcony. If the purchase goes through, then Blitzer becomes the Thanos of sports leagues. Neighborhood: Lanier Heights/Adams Morgan Naturally, much of this knowledge came from his day job at Blackstone. He is also involved in the Tac Opps Investment Committee. Opinions expressed by Entrepreneur contributors are their own. Only two Cleveland players are under contract beyond this year: third baseman Jose Ramirez, who signed a seven-year, $141 million extension on opening day, and centerfielder Myles Straw, who agreed to a five-year, $25 million deal earlier this season. Like the socialist senator, this 1890 rowhouse is no-frills, with just one bedroom and two baths. 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. Neighborhood: Logan Circle It incorporates the New Jersey Devils of the NHL, the Philadelphia 76ers of the NBA, Crystal Palace F.C. (Photo by Getty Images). Bajajs three-bedroom, three-bath home is now worth nearly three times what he got it for almost 20 years ago. This means a lot when considering the rebrand going on with one of baseballs oldest franchises and the future of the sport as it continues to connect with a younger audience. 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. Some of you are probably here to learn who David Blitzer is. Estimated current value: $5.57 million David S. Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management and Operating Committees. Estimated current value: $2.16 million The CBS This Morning anchor and her husband, restaurateur Geoff Tracy, split their time between New York and this seven-bedroom, 6,100-square-foot home. Julia Wilkinson Shortly after acquiring Real Salt Lake and making those statements, the franchise made the news on major media outlets by signing the youngest homegrown player in MLS history in Axel Kei. Gambling problem? Lerner acquired his propertys deed for a recorded price of $10. Year purchased: 2006. A representative for Blitzer declined to comment; a representative for the Guardians didnt immediately respond to a request for comment. pic.twitter.com/5bCNPBUI6d, We take pride in hiring the best and brightest talent from a variety of backgrounds and industries with the goal of shaping a well-rounded, dynamic organization, Blitzer toldNBC Sports. Harris and Blitzer would also form the Harris & Blitzer Sports Entertainment group (HBSE) which would consolidate all their holdings. Neighborhood: Foxhall Crescent We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. A cohost of ABCs The Chew, Washingtons favorite Southern chef turned TV star and cookbook author bought her out-of-the-way, 2-story house long before her big break on Top Chef in 2008. He is also involved in the Tac Opps Investment Committee. Major League Baseball has approved the sale of a partial stake in the Cleveland Guardians team to billionaire David Blitzer, according to Sportico. Neighborhood: Penn Quarter Since then, weve been linked with various ownership groups, and it hasnt really landed anywhere until now. Sherman hired Inner Circle Sports. David S. Blitzer (born September 7, 1969) is an American businessman. Year purchased: 2011. Neighborhood: Shepherd Park Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. While Blitz is best known for his ownership role in the Philadelphia 76ers and his majority stake in the New Jersey Devils, he also has a hand in multiple futbol clubs, as well as ownership interest in e-sports and Minor League Baseball. TikTokers The Kelly Fam made platform shoes out of flip-flops and Gorilla glue so their 3-year-old could sneak onto big rides. No surprise that Raskin, the ber-liberal incoming congressman from Marylands 8th Districtwho beat Kathleen Matthews (Chevy Chase) and David Trone (Potomac)will commute to the Hill from ber-liberal Takoma Park. Blitzer, along with his wife Allison, a fellow Penn graduate, runs the Blitzer Family Foundation. The Posts workaholic executive editor has to walk barely seven blocks from his 1,900-square-foot condo to the papers new Franklin Square headquarters. Known as Marwood, this 20,000-square-foot chateau on the Potomac was once a summer rental for FDR. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. A deed for the recent sale has yet to appear in public property records. 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. The residence of Caps and Wizards owner Ted Leonsis in Potomac. Its unclear how much Blitzer is paying for his stake in the Guardians, or who else is in his group. Also a grass volleyball court, a putting green, a six-car garage, a pool with waterfall and hot tub, and a gazebo-covered grill-and-chill area. Purchase price: $10 Spanning 10,436 square feet, the contemporary home has six bedroomsincluding an oversized main suitea media room, a family room, a temperature-controlled wine room, stacking glass doors and an eat-in kitchen with Calacatta gold countertops, a lavish white marble with veins in golden tones. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). The billionaire Carlyle Group founder and philanthropist of favorite Washington causes still lives in the house he and wife Alice Rogoff bought as newly married thirtysomethings. David S. Blitzer (born September 7, 1969) is an American businessman. Italian Villa Prepares to Sell for the First Time in 400 Years. Some of you already know, but are curious about who else is involved. Neighborhood: Chevy Chase In addition to the U.S. teams, he also owns a piece of English Premier League club Crystal Palace, plus teams in Germany (FC Augsburg), Portugal (G.D. Estoril), Belgium (Waasland-Beveren), Spain (AD Alcorcn) and the Netherlands (ADO Den Haag). Forever a fan, always a lifelong learner, Blitzer will continue to take the lessons learned from his wins and losses to emerging markets and new arenas. (Courtesy Real Salt Lake) New Real Salt Lake owners Ryan Smith, left, and David . The Global Times criticized the billionaire for fueling a 'conspiracy theory that slanders China.'. Call 1-800-GAMBLER. "Our goal is to support Paul and the incredibly talented Guardians leadership team in delivering to Cleveland a team that can contend for a World Series. Built in 1927, their light-filled bungalow has three bedrooms and two baths. Opinions expressed by Forbes Contributors are their own. Paul Dolan, Larrys son, took overin 2013. The plan is for Blitzer to own a 25 to 35 percent stake in the franchise before becoming the majority shareholder in due course. Commentator Terry Pluto says Cleveland had been searching for a minority owner since John Sherman left in 2019 to purchase the Royals. Estimated current value: $1.77 million David Blitzer didnt become a success overnight. 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. Year purchased: 1996. [1] Purchase price: $1.125 million It best known for its former League of Legends and Counter-Strike: Global Offensive squads. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Neighborhood: Logan Circle Purchase price: $1.2 million Naturally, a master of modern cuisine would inhabit a modernist stucco masterpiece. 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. 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. 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. Estimated current value: $798,500 Learn how the Blackstone vet became a power player in every arena. A Balinese-inspired estate outfitted with a putting green and a private beach in Fort Lauderdale, Florida, sold Monday for $20.4 million. Year purchased: 2007. Finally, Blitzer is a supporter and donor of Hillel International, the largest Jewish campus organization in the world which encourages Jewish undergraduate and graduate students to embrace their Jewish heritage. The addition of Blitzer to the Guardians ownership group comes at a good time. The GOP consultant and fixer for foreign tyrantsbetter known as Donald Trumps former campaign managersplits his time among Trump Tower in New York; a home in Palm Beach Gardens, Florida; and a 2,800-square-foot unit at this luxury condo development overlooking the Potomac. [9] Comcast-Spectacor and Harris began talks in the summer of 2011. You may opt-out by. Purchase price: $660,000 Architect David Jameson built this home on a cul-de-sac in Burning Tree in 2005 and sold it to Andrs when the chefs restaurant empire was less than half the size it is today. A Reappraisal Of The New Orleans Pelicans Trade For C.J. How David Blitzer Built it. The Guardians havent won a World Series since 1948 and have won just three playoff series since 1999. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. There are multiple groups involved here, so lets start with the soccer-specific holdings. 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. 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. Neighborhood: Takoma DC The home occupies 7,600 square feet plus a 2,000-square-foot basement. The Salt: Whats RSLs intention with this roster? Year purchased: 2002. MLB has approved David Blitzer's purchase of a 25 percent stake in the Guardians, with the option of becoming majority owner in six years. Estimated current value: $1.04 million [13][14] In 2017, Blitzer and Harris formed Harris Blitzer Sports & Entertainment (HBSE) which holds their sports investments. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. This article appears in our October 2016issue of Washingtonian. Year purchased: 2009. [20], In January 2022, Blitzer partnered with Ryan Smith's Smith Entertainment Group (SEG) to purchase Major League Soccer team Real Salt Lake. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. Wonder if Clinton ever uses the pool. Harris Blitzer Sports Entertainment has not been reported to be part of this particular sale. Estimated current value: $1.63 million Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. 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. Year purchased: 1963. Estimated current value: $3.42 million Holders high-wattage neighbors include US senator Claire McCaskill and NBC4 anchor Wendy Rieger. David Blitzer. David is a private value financial backer by calling. Plus it has a wet bar. Neighborhood: Great Falls Blitzer has lived in this house for his entire 26-year career at CNN. Yet to appear in public property records this season, which ranks 26th among MLB teams and Salt... Quarter since then, weve been linked with various ownership groups, and health, '' according to,! The year before for $ 1.2 million Naturally, much of this writing, Blitzer Blackstone. Before buying their 2-story rowhouse in the Tac Opps Investment Committee bedrooms and two.... And international exposure to make a splash in soccer, specifically 1987, he 'll have ability! 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