Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. How David Blitzer Built it - Boardroom His intentions, however, are quite obvious. Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. [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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. 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. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. Diese Seite wurde im November 2021 erschaffen. David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake For office-specific contact information, please visit our our offices page. Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. | Terms & Conditions PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. Were thrilled to partner with them as they enter this next phase of growth.. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. Headquarters Location He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. For FC Augsburg, the entry of Blitzer also brings one or two advantages. The firm prefers to invest in the e-commerce, mobile, and education sectors. bolt ventures david blitzer. Naturally, much of this knowledge came from his day job at Blackstone. Matt Biscuiti or Kevin Broderick Who are David Blitzer and Arctos Sports, reported new owners of - MSN Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. Best believe that if Blitzer buys in, he has a plan. 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. 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. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. [1] He serves on the Mount Sinai Hospital and Wharton School. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. 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. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. 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. Just as the star players on Blitzs Sixers squad developed their games at Duke or Kansas, Blitzer honed his craft at the prestigious Wharton School of Business. However, his consistent work with Apollo Global Management Co-Founder Joshua Harris led the two partners to form Harris Blitzer Sports & Entertainment, for which Blitz serves as Co-Managing Partner and Co-Chairman. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. The company's filing status is listed as Active and its File Number is 5715498. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. 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. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. 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. The company intends to use the funds to continue to expand operations, content offerings and business reach. David Abrams Named Head of Investments at Harris Blitzer Sports Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. 12/06/2022 . David Blitzer and Jeff Mallet become investors in latest round. 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. 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. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. 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. . Bolt Ventures Investor Profile: Portfolio & Exits | PitchBook In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? DavidBlitzeris the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management Committee. Blitzer is a co-owner of several clubs in various sports. bolt ventures david blitzer ticketing revenue for music and sporting events alone could reach US, 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. 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. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. What is US investor David Blitzer doing with FC Augsburg? Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis. Just Women's Sports Raises $6M in Funding - FinSMEs I dont know what that means but my sense is therell be benefits.. 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 . Switchboard: +1 (212) 583-5000. 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. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. Much like the company he works for, Blitzer impresses with his reach and relationships. By making his mark in many markets, Blitzer became a marquee member of the 37-year-old investment firm that now manages $650 billion worth of assets and owns 250 companies. 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 . The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. Each year it grows so dramatically.. 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. VP, VP, Finance. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. VP Finance 2 emails found 1 phone number found . Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . 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. Harris Blitzer Sports & Entertainment Names David Gould Chief - NBA #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). 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. David Blitzer Reportedly Acquiring Stake in Another Mediocre 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. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. Luckily I was able to get together with Ryan Smith and his team. 2022 Season Tickets can be purchased at . Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. 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. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. 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. David Shields. Jeffrey Saunders - Founder - 10khours | LinkedIn Portions of this site are directed only to persons in certain jurisdictions. Blitzer may have a chance to change that. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. 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. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. Who are David Blitzer and Arctos Sports, reported new owners of Real He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. 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. This latest round of funding gives us the resources to cement our status as the leading platform in the space.. Individual Investors & Financial Advisors. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. To view recent press releases, click here. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. Scott Krase. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. We came together and decided to partner, do this and invest in Real Salt Lake.. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares.
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