One keyword here is internationalization. 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. The Blackstone Group 4 years 10 months. The company's . 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. JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. Private equity investors from Switzerland. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. 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. 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. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. David Blitzer didnt become a success overnight. 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. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. By August of 2019 . I dont know what that means but my sense is therell be benefits.. 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 . 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. Individual Investors & Financial Advisors. 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. 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. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. 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.. . He joined the firm in 1991. By selecting the relevant option, you certify that it accurately reflects your residency. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? In the following, you will find everything you need to know about the big deal in the Fuggerstadt. Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. Get on our list for weekly sports business, industry trends, interviews, and more. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. 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. He also leads the Tac Opps Investment Committee. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. 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. He graduated magna cum laude. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. Mr. Blitzer and his wife Allison reside in New York City with their five children. David Blitzer is a serious name to know in the business of sports. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. Diese Seite wurde im November 2021 erschaffen. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. By Andrew Cohen 2.25.2020. For office-specific contact information, please visitour offices page. 2018: Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers 2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers 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. Biography. | Contact Blue Pool Capital, David Blitzers Bolt Ventures, Dapper Labs, Billie Jean King, and SC Holdings are among latest investors to back the womens sports platform. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. What does the charging station company Ionity do. However, this was cancelled due to the Corona pandemic. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. He also . [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. The company's filing status is listed as Active and its File Number is 5715498. For press inquiries, contact [emailprotected]. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. David Blitzer and Jeff Mallet become investors in latest round. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. 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 . There is no indication yet as to whether Bolt is involved in the sale. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. 80538 Mnchen Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. 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. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. 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. 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 . To view recent press releases,click here. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Europe, Menlo Park, China), Where the person is located (e.g. 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. A trip to the USA was planned for the summer of 2020 as part of the preparations. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. [18][19], Blitzer is Jewish. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. JWS previously raised$3.5 millionin May 2021. 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. For the entrepreneur, the investment in FCA represents a great opportunity to play a role in German soccer which is generally very difficult for investors to access. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. [2][3], In 2011, Blitzer joined an investment group led by Josh Harris that purchased the Philadelphia 76ers of the National Basketball Association (NBA) for US$280 million. BOLT VENTURES I LLC. [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. [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. The company intends to use the funds to continue to expand operations, content offerings and business reach. phidsmith. Alpha Wave Global led the growth funding round and was joined by new investor Mark Vadon, returning investors SC.Holdings, David Blitzer's family office Bolt Ventures and Dr. Peter Attia, as . Scott is a founding partner of Harkness Capital. 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. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. 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. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Teams Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . 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. Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. 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. 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. 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. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH 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. | Disclaimer 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. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. Subscribe to our newsletter to get the latest news when it matters most. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. By submitting this request, you consent to receive email from Blackstone. But I would never make an investment just for the fun side of the equation.. To receive email alerts from Blackstone, sign up below. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. 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. | Advertise From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. 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. JWS previously raised $3.5 million in May 2021. He subsequently developed into a successful businessman who revealed a weakness for sports. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. [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. 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. The latter reduced their shares to enable Blitzer and his company to enter the market. Headquarters Location When you buy products through Boardroom's links, we may earn an affiliate commission. Switchboard:+1 (212) 583-5000. 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. Who is David Blitzer? The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft.
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