12/06/2022 . Headquarters Location The company's . We focus on data-driven companies across Europe with global ambition. I dont know what that means but my sense is therell be benefits.. 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. Subscribe to our newsletter to get the latest news when it matters most. New additions to its standout roster of athlete investors include the aforementioned King, Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul Rabil and Apolo Ohno, among others. . 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. 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. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. For office-specific contact information, please visit our our offices page. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? Matt Biscuiti or Kevin Broderick Were thrilled to partner with them as they enter this next phase of growth.. 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). Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . [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. American billionaire investor (born 1969), This article is about the private equity investor. He also leads the Tac Opps Investment Committee. Just like at his day job, Blitzer is looking around corners to find new opportunities. 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. 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.. 76ers' Owner Josh Harris is Bouncing Back This Week. Bolt is a pre-seed venture firm investing in companies leveraging unique technology and valuable data sets to reimagine products, systems, and experiences across the economy. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. 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. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. Enjoying SportsPro content? 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. The exchange with North American professional clubs around know-how is also an opportunity for the club. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. | Disclaimer From its inception, the company has prioritized supporting and partnering with the athlete community. 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. This has proven true. Create your account and get enhanced access to all the latest stories. David Blitzer is a serious name to know in the business of sports. 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. bolt ventures david blitzer. According to Forbes, the Sixers are now worth $2.5 billion. 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. He subsequently developed into a successful businessman who revealed a weakness for sports. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. [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. Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. bolt ventures david blitzer. 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 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. Private equity investors from Switzerland are also important in the global investment markets. Additionally, he is a General Partner of the Crystal Palace Football Club. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. 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. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. For FC Augsburg, the entry of Blitzer also brings one or two advantages. A link has been emailed to you - check your inbox. 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. 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 . As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. For press inquiries, contact [emailprotected]. 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. . Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. 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. If the guy seems to be everywhere, thats because he is. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. 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. The company intends to use the funds to continue to expand operations, content offerings and business reach. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. Naturally, much of this knowledge came from his day job at Blackstone. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. phidsmith. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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. 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. JWS previously raised$3.5 millionin May 2021. The Lippin Group for Just Womens Sports We came together and decided to partner, do this and invest in Real Salt Lake.. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. 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. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. 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. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. He joined the firm in 1991. 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. [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. 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. [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. Switchboard:+1 (212) 583-5000. There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. What is US investor David Blitzer doing with FC Augsburg? Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. [1] He graduated magna cum laude from the Wharton School of the University of Pennsylvania in 1991 and joined Blackstone Inc, where he currently serves as the head of their Tactical Opportunities group and a member of their management committee. 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. 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. Blitzer may have a chance to change that. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. Were in a golden age of live entertainment as pent-up demand from the pandemic is fuelling record growth for attendance at sporting events, concerts and shows, says Brad Griffith, chief executive of Gametime. What does the charging station company Ionity do. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Teams But I would never make an investment just for the fun side of the equation.. Because of this, Blitzer is ahead of the curve in regard to implementing data and analytics into his sports enterprises the same way he makes the most of numbers and trends at Blackstone. 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. Best believe that if Blitzer buys in, he has a plan. 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. Returning investors includeWill Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode GlobalandDrive by DraftKings. Seitzstrae 8e 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 Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. For press inquiries, contact[emailprotected]. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. [1] He serves on the Mount Sinai Hospital and Wharton School. 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. When you buy products through Boardroom's links, we may earn an affiliate commission. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. 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. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. David Scott Blitzer (born September 7, 1969) is an American private equity investor. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. Boardroom is a media network that covers the business of sports, entertainment. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. Scott is a founding partner of Harkness Capital. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. Things are generally rather quiet at FC Augsburg but then the latest news has generated nationwide interest in the world of soccer: David Blitzer, an investor from the USA, is joining the club, which plays in the Bundesliga. JWS first quarter revenue in 2022 was 4x its revenue from Q1 2021, and the company is on pace to triple its Q1 2022 revenue in Q2. | Advertise The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. [18][19], Blitzer is Jewish. Scott Krase. 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. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. 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. 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. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. 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. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. 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. The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. We are independently minded and lead the first round of financing in over 90% of our investments. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. | Sold in early 2023 to the Sony. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis. In financially difficult times, the deal also brings security to a club that always has to manage well. He also . What is the story of the payment company Worldline? 2022 Season Tickets can be purchased at . We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. When selecting investment candidates, Bolt Venture emphasizes, in addition to investment and return criteria, the potential of playing an active role as a shareholder and/or board member. He is also involved in the Tac Opps Investment Committee. With Josh Harris, Blitzer is also a partner in Harris. September 16, 2020 12:29 PM EDT. | News For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. A good investment for the future. 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. 80538 Mnchen Exits Number of Exits 3 David Blitzer has 3 exits. 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. Guy Oseary and Ashton Kutchers venture capital firm, Sound Ventures, has closed a $240 million During the NFL Draft, Rich Paul unveiled the pieces from his inaugural Klutch Athletics collection with New Balance Rich Paul is one of the most prolific minds in sports. | Contact Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group.
