The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. 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. He joined the firm in 1991. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. Otherwise, we will assume you're OK to continue. 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. Gametime, an aggregated ticketing marketplace which is designed for last-minute buyers, confirmed it has now generated more than US$1 billion of sales since its launch, with its growth accelerating. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. The new Real Salt Lake owner (er, investor-operator, in MLS terms) and the club's main representative to the league, according to Sportico reporting today. Upon graduation, he accepted a position with the Blackstone Group in 1991 and became a Senior Managing Director & Head of Tactical Opportunities in the Ney York City metropolitan area. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. 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. JWS previously raised$3.5 millionin May 2021. David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. David Blitzer - Senior Managing Director and Global Head of Tactical 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 Just Women's Sports Raises $6 Million From New and Returning Investors | Terms & Conditions 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. | Advertise 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 partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. There is no indication yet as to whether Bolt is involved in the sale. 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. 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. For press inquiries, contact [emailprotected]. He subsequently developed into a successful businessman who revealed a weakness for sports. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. . Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. 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. Just like at his day job, Blitzer is looking around corners to find new opportunities. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. 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. Just Women's Sports Raises $6M in Funding - FinSMEs Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. Gametime Lands $30M - VC News Daily In addition to the Philadelphia 76ers and New Jersey Devils, the company also owns the NBA G League's Delaware Blue Coats, the American Hockey League's Utica Comets, esports team Dignitas of New Meta Entertainment,[13][14] sports tech venture capital firm HBSE Ventures,[15] and marketing, hospitality, and event ticketing company Elevate Sports Ventures. 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?. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. Blitzer may have a chance to change that. He also has a hand in two other sports clubs from two of the worlds biggest leagues: The 52-year-old holds shares in the Philadelphia 76ers from the US basketball league NBA and in the New Jersey Devils from the ice hockey league NHL in the USA. [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. 2022 Season Tickets can be purchased at . 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. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . 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. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. 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. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. 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. Jeffrey Saunders - Founder - 10khours | LinkedIn By August of 2019 . He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. For office-specific contact information, please visitour offices page. Biography. 1991:Graduated magna cum laude from Penns Wharton School of Business1991:Started at Blackstone2001:Moved to England to build Blackstones European private equity business2007:Blackstone goes public2011:Blitzer returned to the United States2011:Purchased Philadelphia 76ers as member of investment group2013:Purchased majority stake in New Jersey Devils2014:Founded Blitzer Family Foundation with wife Allison to support youth development2014:Purchased 50% interest in New York Yankees AAA affiliate Scranton/Wilkes-Barre RailRiders with David Abrams2015:Took controlling stake in London soccer club Crystal Palace FC with Joshua Harris and Steve Parish2016:Purchased esports organization Dignitas with Joshua Harris2017:Formed Harris Blitzer Sports & Entertainment2018:Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers2022:Became co-owner of Real Salt Lake with Ryan Smith. Get on our list for weekly sports business, industry trends, interviews, and more. David Abrams, who has three decades of experienced in investment banking and private equity, will fill the new position at Harris Blitzer Sports & Entertainment (HSBE). 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. Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. Each year it grows so dramatically.. In financially difficult times, the deal also brings security to a club that always has to manage well. Blue Pool Capital, David Blitzer's Bolt Ventures, Dapper Labs, Billie Jean King, and SC Holdings are among latest investors to back the women's sports platform June 09, 2022 12:30 PM Eastern . Prior to launching Tac Opps, Mr.Blitzerhad been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. 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. Prior to launching Tac Opps, Mr. Blitzer had been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. This is a question that only Blitzer himself can answer, but he has not yet commented on it. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. 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. About We focus on data-driven companies across Europe with global ambition. Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. 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. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. Owners of Golden State Warriors, Philadelphia 76ers and San Francisco . In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. 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. Blitzer is a co-owner of several clubs in various sports. 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). Mr. Blitzer and his wife, Allison, founded the Blitzer Family Foundation, which supports positive youth development by creating opportunities centered around education, athletics, health and wellness. 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. By submitting this request, you consent to receive email from Blackstone. I dont know what that means but my sense is therell be benefits.. 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 Ventures and Dr. Peter Attia. We are investors AND entrepreneurs: Bolt Ventures believes in businesses with strong and sustainable market positions and good long-term perspectives in which there is the opportunity to grow the business, either through acquisitions (buy & build) or organic growth. Share this article - PR Newswire BOLT VENTURES I LLC. In Belgium, first division club Waasland-Beveren has been 97 percent owned by the Bolt Group since September 2020. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. Additionally, he is a General Partner of the Crystal Palace Football Club. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. VP Finance 2 emails found 1 phone number found . David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. Portions of this site are directed only to persons in certain jurisdictions. 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. Harris Blitzer Sports & Entertainment Names David Gould Chief - NBA Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. Bolt - Crunchbase Investor Profile & Investments Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . Were thrilled to partner with them as they enter this next phase of growth.. 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. JWS also has a growing line of exclusive merchandise which will expand in the coming months. They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis. He graduated from Scotch Plains-Fanwood High School in 1987. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. Boardroom is a media network that covers the business of sports, entertainment. Mr. Blitzer and his wife Allison reside in New York City with their five children. For office-specific contact information, please visit our our offices page. By selecting the relevant option, you certify that it accurately reflects your residency. Exits Number of Exits 3 David Blitzer has 3 exits. 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. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. Today's investment is at a valuation exceeding $1B dollars. Gametime Secures $30M in Funding - FinSMEs Bolt is a pre-seed venture firm investing where the digital and physical world intersect. This has proven true. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. The company intends to use the funds to continue to expand operations, content offerings and business reach. JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. 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. The University of Pennsylvanias Wharton School, the graduate program from which Blitz graduated magna cum laude in 1991, is renowned for shaping some of the most brilliant minds in business. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. 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 . Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. Subscribe to our newsletter to get the latest news when it matters most. BOLT VENTURES I LLC in Saratoga Springs, NY - Bizapedia #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). 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. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. press@justwsports.com, Internet Explorer presents a security risk. Bolt Ventures - Building Futures Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. We came together and decided to partner, do this and invest in Real Salt Lake.. 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. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. 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. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . 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. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. 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. Seitzstrae 8e [23], In 2010, Blitzer's 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. [4][5] Other notable members of the investment group were Art Wrubel, Jason Levien, Adam Aron, Martin J. Geller, David B. Heller, James Lassiter, Marc J. Leder, Michael G. Rubin, Will Smith, Jada Pinkett Smith, and Erick Thohir. David Shields. Who is David Blitzer? Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person, Senior Managing Director and Global Head of Tactical Opportunities, The Action Network is a sports media start-up that builds products and creates content to inform and entertain the sports bettor. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. The rest of the shares are divided between shareholder Thilo Sautter (4.07 percent) and Projekt Green GmbH (20.37 percent). 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 . Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. 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. Create your account and get enhanced access to all the latest stories. 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. [1] He serves on the Mount Sinai Hospital and Wharton School. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. 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. 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. David Blitzer Profile: Contact Information & Network | PitchBook Luckily I was able to get together with Ryan Smith and his team. From a recent column by Pablo Maurer and Sam Stejskal: In addition to co-owning the NBA's Sixers and the NHL's Devils, Blitzer holds a stake in Premier League club Crystal Palace, German Bundesliga side FC Augsburg, Belgian first-division team Waasland-Beveren and Dutch club ADO Den Haag through his company Bolt Football Holdings. Hes standing at the podium, sitting through pressers, and walking on ice or hardwood, flanked by the likes of Allen Iverson and the late David Stern. There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. Buzzer Raises $20M In Series A Financing - FinSMEs | Disclaimer 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. 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.
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