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. 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. 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. 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. 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. 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. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. Teams 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. 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. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. He also . This investment means Gametime can rapidly accelerate our product development and can continue to help teams, leagues and artists rebound from a challenging few years. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. He joined the firm in 1991. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. Individual Investors & Financial Advisors. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. I dont know what that means but my sense is therell be benefits.. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (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. There is no indication yet as to whether Bolt is involved in the sale. Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. Naturally, much of this knowledge came from his day job at Blackstone. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. By Andrew Cohen 2.25.2020. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. 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. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. VP Finance 2 emails found 1 phone number found . The latter reduced their shares to enable Blitzer and his company to enter the market. Portions of this site are directed only to persons in certain jurisdictions. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. 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. 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. 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. 76ers' Owner Josh Harris is Bouncing Back This Week. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. [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. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. Additionally, he is a General Partner of the Crystal Palace Football Club. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 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). Switchboard: +1 (212) 583-5000. 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. If you are having difficulty accessing any content on this website, please visit our Accessibility page. View contacts for Bolt to access new leads and . 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. 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. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. 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. | Disclaimer Matt Biscuiti or Kevin Broderick 2022 Season Tickets can be purchased at . 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. We are independently minded and lead the first round of financing in over 90% of our investments. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. 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. 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 financially difficult times, the deal also brings security to a club that always has to manage well. Biography. The Lippin Group for Just Womens Sports Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. Boardroom is a media network that covers the business of sports, entertainment. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. Gametime said the investment will accelerate product development and expand its efforts to reach younger ticket buyers. Today's investment is at a valuation exceeding $1B dollars. Find More Contacts for Bolt. 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. 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. He graduated from Scotch Plains-Fanwood High School in 1987. | By submitting this request, you consent to receive email from Blackstone. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. To date, the company has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. One keyword here is internationalization. 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. 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. This is certainly also an important point for the club, which stands for tradition. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. Particularly in the USA, FCA has wanted to make its presence felt for some time. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The company intends to use the funds to continue to expand operations, content offerings and business reach. Sie hat nichts mit dem vorherigen Besitzer zu tun. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. 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. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. Switchboard:+1 (212) 583-5000. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. 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. For office-specific contact information, please visitour offices page. 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. 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. Were thrilled to partner with them as they enter this next phase of growth.. 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?. 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. David Blitzer has made 11 investments. 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. 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. 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. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. 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. 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. Player engagement with their global fan base has absolutely exploded in the age of social media, Blitzer told Bloomberg Businessweek at the NBA Tech Summit in 2019. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. JWS also has a growing line of exclusive merchandise which will expand in the coming months. 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. Exits Number of Exits 3 David Blitzer has 3 exits. A trip to the USA was planned for the summer of 2020 as part of the preparations. September 16, 2020 12:29 PM EDT. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. 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. 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. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. Blitzer is a co-owner of several clubs in various sports. 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. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. 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. 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. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. bolt ventures david blitzer. | Terms & Conditions However, the positions of the two Supervisory Board members will not be filled. 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. 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. [1] He serves on the Mount Sinai Hospital and Wharton School. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. Scott Krase. JWS previously raised $3.5 million in May 2021. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). 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 In Belgium, first division club Waasland-Beveren has been 97 percent owned by the Bolt Group since September 2020. The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. By selecting the relevant option, you certify that it accurately reflects your residency. The American group is led by David Blitzer, Jahm Najafi and Jeff Moorad and enjoys a portfolio that spans stakes in Premier League club Crystal Palace, NBA teams Philadelphia 76ers, and the Phoenix Suns and the New Jersey Devils in the National Hockey League, among others. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. This latest round of funding gives us the resources to cement our status as the leading platform in the space.. 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. Subscribe to our newsletter to get the latest news when it matters most. Enjoying SportsPro content? This is a question that only Blitzer himself can answer, but he has not yet commented on it. For press inquiries, contact [emailprotected]. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. 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. 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. Get on our list for weekly sports business, industry trends, interviews, and more. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. 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. 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. David Scott Blitzer (born September 7, 1969) is an American private equity investor. 1. 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. 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. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. 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. [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. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. . 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. He subsequently developed into a successful businessman who revealed a weakness for sports. 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. Sold in early 2023 to the Sony. [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. press@justwsports.com, Internet Explorer presents a security risk. 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 . Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. VP, VP, Finance. He is also involved in the Tac Opps Investment Committee. 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. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. 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. Private equity investors from Switzerland. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries and seeks to identify and execute on attractive, differentiated investment opportunities.
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