His net worth was estimated by Forbes in April 2023 to be $1.9 billion. 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. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. For office-specific contact information, please visitour offices page. Germany. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. David Blitzer didnt become a success overnight. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Much like the company he works for, Blitzer impresses with his reach and relationships. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. The Lippin Group for Just Womens Sports 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. 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. 10 things to know about Real Salt Lake's new owner David Blitzer 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. The new investors join the Raine Group, Brett Jefferson Holdings, Creative Artists Agency (CAA), Bolt Ventures, Chernin Group, Harris Blitzer Sports Entertainment and Blum Capital, all of. Private equity investors from Switzerland. 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 . Mr. Blitzer currently serves on the Boards of Dream, a youth development organization servicing more than 2,200 inner-city children, the Riverdale Country School, the Advisory Board of the Mount Sinai Surgical Department, the Board of Overseers at the Wharton School and the Board of Trustees at the University of Pennsylvania. 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. The business case for womens sports has never been clearer, and Just Womens Sports is positioned to be the leading media platform in the space, said New York Liberty owners Joe Tsai and Clara Wu Tsai. Ian spends all his free time hooping and he's heard on multiple occasions that Drake and Nas have read his work, so that's pretty tight. He graduated magna cum laude. US investors Bolt, take leap into Belgian football with Waasland HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund 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. Ross 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 Blackstone. [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. We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. 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. 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. Jeff Mallett, principal partner of the San Francisco Giants and chairman and co-owner of the Vancouver Whitecaps, added:Gametime makes it extraordinarily fast and easy to connect fans with events. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. By submitting this request, you consent to receive email from Blackstone. Patriots owner Robert Kraft among investors in Premier - SportsPro On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. 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 . For information on our privacy practices see our Privacy Policy. 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. Athletic Greens valued at $1.2B after bagging $115M to - TechCrunch The round was led by Blue Pool Capital, Joe Tsais family office,with participation from Billie Jean King,Michele Kang, Bolt Ventures, David Blitzer,SC Holdings,RevolutionsRise of the Rest Seed Fund,Muse Capital and Dapper Labs, and other institutional and angel investors. If you are having problems using this website, including problems accessing any portion of this site using screen reader technology, please call 215-952-7000 or email 76ersservice@76ers.com for assistance. | Terms & Conditions Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. 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?. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. 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. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. David Shields. By August of 2019 . Harris Blitzer hires David Abrams to lead investment strategy Just like at his day job, Blitzer is looking around corners to find new opportunities. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. 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. Scott is a founding partner of Harkness Capital. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This latest round of funding gives us the resources to cement our status as the leading platform in the space.. Subscribe to our newsletter to get the latest news when it matters most. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Bolt Ventures, the family office of David Blitzer, investment firm SC Holdings, women's tennis pioneer Billie Jean King, Washington Spirit owner Michele Kang, and sports NFT marketplace. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. 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. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. He also . Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. He joined the firm in 1991. To date, Just Womens Sports has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. 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 view recent press releases, click here. Individual Investors & Financial Advisors. On the fan side, its one of the most important times in history to make it easier for people to connect with friends, families and communities.. VP, VP, Finance. . | Advertise VP Finance 2 emails found 1 phone number found . Otherwise, we will assume you're OK to continue. 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. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. [17] He purchased a 25 percent stake of the MLB's Cleveland Guardians later that year, with an option to purchase majority ownership after six years. [1] He serves on the Mount Sinai Hospital and Wharton School. LOS ANGELES--(BUSINESS WIRE)--Just Womens Sports, the leading media platform dedicated exclusively to womens sports, today announced that it has raised $6 million from new and returning investors. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. 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. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. 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. 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. Additionally, he is a General Partner of the Crystal Palace Football Club. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . [18][19], Blitzer is Jewish. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic Who Is David Blitzer? See the Guardians Owner's Net Worth - Entrepreneur He also leads the Tac Opps Investment Committee. Exits Number of Exits 3 David Blitzer has 3 exits. However, this was cancelled due to the Corona pandemic. 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. Mr.Blitzercurrently serves on the Boards of Dream, a youth development organization servicing over 2,200 inner city children, and the Riverdale Country School, the Advisory Board of the Mount Sinai Surgical Department, the Board of Overseers at the Wharton School and the Board of Trustees at the University of Pennsylvania. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . The company intends to use the funds to continue to expand operations, content offerings and business reach. For press inquiries, contact [emailprotected]. Hes an incredible husband, an incredible father and hes the smartest guy Ive ever been in a room with, Sixers and Devils CEO Scott ONeil told Wharton in 2019. Matters for Bolt Ventures, an entity led by David Blitzer, in connection with its investments in Harris Blitzer Sports & Entertainment (HBSE) Ken has been recognized by The Legal 500 for his work in private equity buyouts. What is US investor David Blitzer doing with FC Augsburg? David Blitzer is a serious name to know in the business of sports. According to Statista, ticketing revenue for music and sporting events alone could reach US$54 billion globally in 2022, a 142 per cent growth from five years ago and a 443 per cent increase over 2020 when the pandemic halted events for almost nine months, dropping industry revenue to just US$12 billion. The rest of the shares are divided between shareholder Thilo Sautter (4.07 percent) and Projekt Green GmbH (20.37 percent). 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. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. Bolt Ventures Investor Profile: Portfolio & Exits | PitchBook Haley and her team have the vision and talent necessary to usher in a new era in sports media.. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. Michael Osherovitz, CPA - Managing Director & Head of - LinkedIn [8] In 2014, Blitzer partnered led a investment group that purchased a 50% stake in the Scranton/Wilkes-Barre RailRiders, the Triple-A affiliate of the New York Yankees of Major League Baseball (MLB);[9][10] In 2015, Blitzer bought an 18% stake in Crystal Palace F.C. Scott is a founding partner of Harkness Capital. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. David Blitzer - Senior Managing Director and Global Head of Tactical Consulting Companies With More Than $10M in Revenue (Top 10K), Northeastern US Public Companies With Fewer Than 1000 Employees, Northeastern US Public Companies With More Than $500 in Revenue, United States Companies With More Than $100M in Revenue (Top 10K), Private Equity Firms with Investments in Pennsylvania, Finance Public Companies With Fewer Than 1000 Employees, United States Investors with Funds Raised in 2007, Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. 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. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. What is the story of the payment company Worldline? It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. Mr. Blitzer is also Co-Managing Partner and Co-Chairman of Harris Blitzer Sports & Entertainment, which includes in its portfolio the Philadelphia 76ers, theNew Jersey Devils, leading venuePrudential Center in Newark, N.J., theGRAMMY Museum Experience Prudential Center, theDelaware Blue Coats, the Binghamton Devils, theSixers Innovation LabCrafted by Kimball, renowned esports franchise Dignitas and NBA 2K League Team, 76ers Gaming Club (GC). Contact Information Website www.boltventures.com.br Formerly Known As Mountain of Brazil Year Founded 2012 Investor Status Actively Seeking New Investments Primary Investor Type press@justwsports.com, Internet Explorer presents a security risk. The firm prefers to invest in the e-commerce, mobile, and education sectors. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. For office-specific contact information, please visit our our offices page. What is US investor David Blitzer doing with FC Augsburg? 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. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. The same applies to the Bolt Group, which will in future consist of only three people: Chairman Stefan Frederking, Thilo Sautter and Jan-Ingwer Callsen-Bracker, a former FC Augsburg professional. Added Billie Jean King, Just Womens Sports is building on the foundation of earlier pioneers by creating a media platform that celebrates and elevates the incredible athletes and stories in womens sports. 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. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. 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. Your favorite athletes favorite agent, Sign up for Boardrooms newsletters to get the biggest stories in the business of sports, entertainment, and culture directly in your inbox daily. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. His intentions, however, are quite obvious. He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. | News David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. The Blackstone Group 4 years 10 months. By Andrew Cohen 2.25.2020. Just Womens Sports original programming includes a series of athlete-hosted podcasts and video series, as well as social media, a website, a newsletter and live events. View contacts for Bolt to access new leads and . Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. 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. David Blitzer: Philadelphia 76ers Co-Owner & Co-Managing Partner Returning investors includeWill Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode GlobalandDrive by DraftKings. David Blitzer Reportedly Acquiring Stake in Another Mediocre Sports JWS previously raised $3.5 million in May 2021. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. phidsmith. 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. 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. Gametime Secures $30M in Funding - FinSMEs 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. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. DavidBlitzeris the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management Committee. FCA is also seen as an ambitious and attractive club, which has attracted attention in the past with good business and a secure place in the Bundesliga. Teams 80538 Mnchen [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Like we see from prime movers in any industry, the man they call Blitz spent years sharpening his skills, developing his expertise, and indulging his curiosity throughout the course of his ascent. The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. The latter reduced their shares to enable Blitzer and his company to enter the market. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. Share this article - PR Newswire Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. New investors include tennis icon Billie Jean King; Washington Spirit owner Michele Kang; Bolt Ventures, the family office of financier and team owner David Blitzer; SC Holdings, a strategic entertainment investor thats backed The SpringHill Company and Front Office Sports; Revolutions Rise of the Rest Seed Fund; Muse Capital; Dapper Labs, the leading sports NFT platform; and other institutional and angel investors. Here are 10 facts about RSL's new lead investor. David Blitzer Nearing Deal to Acquire Nearly 35% of MLB's Guardians Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. Led by CEO Haley Rosen, Just Womens Sports is a media platform dedicated exclusively to womens sports working through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events. BOLT VENTURES I LLC. The company's . Switchboard:+1 (212) 583-5000. We knew the on-field product was great, and that womens sports just needed better coverage and smarter marketing to truly break into the mainstream. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round.