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. Just like at his day job, Blitzer is looking around corners to find new opportunities. Year purchased: 2015. NBC4s morning anchor grew up in Silver Spring, but she and husband Robert Kang are partial to city life. Former DC mayor Anthony Williams, a neighbor, bought his slightly bigger unit in the building the year before for $1.2 million. Upon graduating, Blitzer would join the Blackstone Group as a Senior Managing Director & Head of Tactical Opportunities. Julia Wilkinson is an intern on the Editorial team. 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. David S. Blitzer (born September 7, 1969) is an American businessman. Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor's Chief Economist. Year purchased: 2015. Assessed value: $6.25 million Estimated current value: $1.77 million (Photo by Getty Images). "David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. "I am very excited about bringing on David Blitzer and his group as our partners," Dolan said in a statement. All Rights Reserved. A representative for Blitzer declined to comment; a representative for the Guardians didnt immediately respond to a request for comment. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. [10] The NBA formally approved the deal on October 13. He acquired the property through a de facto swap of his old McLean digs with telecom executive Chris Rogers. Year purchased: 2012. This will make Blitzer, 52, the first person to hold equity in all five major U.S. sports leagues Major League Baseball (MLB), the National Basketball Association (NBA), the National Football League (NFL), the National Hockey League (NHL), and Major League Soccer (MLS). You may opt-out by. It is believed that Blitzer initially will have 25-30% ownership and will have the right to increase his stake to a controlling interest in several years. What a day the deal may be done, and Real Salt Lake may finally be out of the purgatory in which weve been cast for well over a year. Shortstop Amed Rosario is likewise eligible for free agency following the 2024 season. [11] As of October 2022, the value of the Sixers has increased to $3.15billion. Meanwhile, transactions for luxury single-family homes in the city jumped 61.4% from the same time last year, and supply fell to a new low, the report said. [5] In 1991, he accepted a position with the Blackstone Group where he currently serves as senior managing director & global head of tactical opportunities in New York City. The most important player on that list is pitcher Shane Bieber, a two-time All-Star, former All-Star game MVP, and the 2020 American League Cy Young Award winner. Estimated current value: $1.63 million No surprise that Raskin, the ber-liberal incoming congressman from Marylands 8th Districtwho beat Kathleen Matthews (Chevy Chase) and David Trone (Potomac)will commute to the Hill from ber-liberal Takoma Park. Purchase price: $1.2 million 2022 He is an executive at Blackstone Group and co-founder of Harris Blitzer Sports & Entertainment. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. Year purchased: 1996. Year purchased: 2007. 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. Purchase price: $775,000 Blitzer is currently a minority owner of the NHL's New Jersey Devils, and the NBA's Philadelphia 76ers. Neighborhood: Great Falls with this post, location or person. Year purchased: 1990. Its unclear how much Blitzer is paying for his stake in the Guardians, or who else is in his group. Some of you already know everything Im going to write. I am thrilled to join the ownership group of the Cleveland Guardians, a storied Major League Baseball franchise with a loyal, engaged fanbase, Blitzer said, in the statement released by the Guardians. Julia Wilkinson By choosing I Accept, you consent to our use of cookies and other tracking technologies. There are multiple groups involved here, so lets start with the soccer-specific holdings. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. Outside, the property has a saltwater lap pool, a putting green, 800 feet of water frontage, a boat slip with a lift and a private beach, according to the listing. Built in 1951, the 5,500-square-foot five-bedroom/eight-bath owned by the would-be commander in chief sits on a tree-lined property at the end of the street, a Secret Service details dream. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. Real Salt Lake looks to build as they continue preseason, RSL sign Colombian winger Carlos Andrs Gmez for club record fee, Ian H. Charles, formerly of Landmark Partners and Cogent Partners, David J. OConnor, former president and chief executive of the Madison Square Garden Company, owner of the NBAs New York Knicks and the NHLs New York Rangers, Chad M. Hutchinson, a former professional athlete, who crossed over from baseball (he played for the St. Louis Cardinals) to football (for the Dallas Cowboys and the Chicago Bears), and a former managing director at Sixth Street, Joseph S. Nasr, former managing director at Stellus Capital Management, Robyn S. Slutzky, former co-head of private equity due diligence at JPMorgans Private Bank, Jordan L. Solomon, former executive vice president at the Madison Square Garden Company. Her unit in a small condo building east of 14th Street is relatively modest: 1,100 square feet, one bedroom plus den, two baths. Naturally, a master of modern cuisine would inhabit a modernist stucco masterpiece. Purchase price: $2.7 million The Legal Battle Over NFL Sunday Ticket Heats Up, Tottenham Hotspur Announce 15-Year Partnership with Formula 1. The head coach of the Caps and his wife, Kim, settled in Lyon Park because the everyone-knows-each-other neighborhood seemed like a good fit for their younger son, a high-schooler with Down syndrome. Estimated current value: $1.85 million Purchase price: $2.5 million Purchase price: $502,000 We are not responsible for any loss that you may incur as a result of relying on these currency conversions. I thank Paul and the Dolan family, as well as our partners in this investment, for this amazing opportunity.. Spanning 10,436 square feet, the contemporary home has six bedroomsincluding an oversized main suitea media room, a family room, a temperature-controlled wine room, stacking glass doors and an eat-in kitchen with Calacatta gold countertops, a lavish white marble with veins in golden tones. The other members of the investment group are: Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien, all fellow Wharton School of the University of Pennsylvania graduates,[8] as well as former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. [22][23], Blitzer and his wife founded the Blitzer Family Foundation which promotes youth development through education, athletics, and health. Neighborhood: H Street, Northeast cache 6h 0m Purchase price: $2.85 million Some of you are probably here to learn who David Blitzer is. Purchase price: $660,000 Rubenstein also owns a 4,300-square-foot guesthouse next door. "David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. Purchase price: $1.5 million Get our latest stories in the feed of your favorite networks. He is also involved in the Tac Opps Investment Committee. Neighborhood: Takoma Park back to top Muriel Bowser Photo by Evy Mages Purchase price: $832,000 Estimated current value: $870,400 This is a BETA experience. Cleveland also has a minor league system brimming with talent, which might reduce the urgency to sign some current players on the big-league roster to multi-year deals. 24 in MLB. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. While its common for investors to own franchises across multiple U.S. leaguesStan Kroenke currently owns at least of piece of teams in four of themSportico is unaware of anyone having achieved ownership across all five prior to Blitzer. He is married to fellow Penn alumnus Allison Ross. Neighborhood: Towson AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. [16], In September 2014, he partnered with David Abrams and lead a local investment group that purchased a 50% interest the New York Yankees Triple-A affiliate, the Scranton/Wilkes-Barre RailRiders;[17] Blitzer and Abrams will serve as co-managing owners. According to Forbes, the Sixers are now worth $2.5 billion. 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. Purchase price: $4.9 million 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. Great question! 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