All rights reserved. Purchase price: $832,000 Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. CLEVELAND -- Billionaire sports businessman David Blitzer has officially joined the Cleveland Guardians as a minority owner and will eventually take control of the ballclub. Neighborhood: Embassy Row Washingtons favorite Russian expat upgraded from a 5,000-square-foot Arlington home to this newly built 8,000-square-foot Colonial on more than an acre. Neighborhood: Foxhall Village/Berkley Just like at his day job, Blitzer is looking around corners to find new opportunities. Neighborhood: Towson Holders high-wattage neighbors include US senator Claire McCaskill and NBC4 anchor Wendy Rieger. Much like the company he works for, Blitzer impresses with his reach and relationships. Estimated current value: $1.46 million A native of Scotch Plains, New Jersey, Blitzer graduated magna cum laude from the Wharton School of Business at the University of Pennsylvania in 1991. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. 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. Estimated current value: $1.70 million David S. Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. Year purchased: 2002. Year purchased: 1998. Neighborhood: Old Town Alexandria 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. Gerrit Cole net worth: How much is the salary of the New York Yankees pitcher. Before buying their 2-story rowhouse in the District, they lived in Logan Circle. New Jersy Devils owner David Blitzer addresses the media during the press conference announcing the new ownership of the New Jersey Devils on August. 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. Purchase price: $4.3 million "You sit there as a fan your entire life I'm a huge sports fan and you see X, Y, Z owner and think, 'Wouldn't it be really cool to own a sports team,'" Blitzer told the New York Business Journal. Who are David Blitzer and Arctos Sports, reported new owners of Real Salt Lake? Purchase price: $1.3 million Year purchased: 2002. of the English Premier League, FC Augsburg of the Bundesliga, ADO Den Haag of the Keuken Kampioen Divisie, Waasland-Beveren of the Belgian Jupiler Pro League, Real Salt Lake of Major League Soccer, the Scranton Wilkes/Barre RailRiders of the Triple-A International League, Brndby IF of the Danish Superliga, and Esports company Dignitas. David S. Blitzer (born September 7, 1969) is an American businessman. I thank Paul and the Dolan family, as well as our partners in this investment, for this amazing opportunity.. "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 a statement. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. This article appears in our October 2016issue of Washingtonian. The conservative Supreme Court superlawyerof Bush v. Gore famewas solicitor general in the George W. Bush administration from 2001 to 2004 and is now a partner in the DC office of Gibson, Dunn & Crutcher. Do a Google Image search for David Blitzer and you'll see his likeness in front of some of the most recognizable logos in sports. Purchase price: $8.64 million Purchase price: $4.275 million This is a BETA experience. The eight-figure sale price makes it the most expensive . Year purchased: 1985. Blitzer also has a stake in the New Jersey Devils of the NHL, and NBA's Philadelphia 76ers. Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. Estimated current value: $5.78 million By choosing I Accept, you consent to our use of cookies and other tracking technologies. "We also look forward to assisting the Guardians in their mission of using the platform of baseball to drive positive change in the communities our team serves. Photo by Anice Hoachlander/Hoalander Davis Photography. Purchase price: $4.9 million I thank Paul and the Dolan family, as well as our partners in this investment, for this amazing opportunity.". You may opt-out by. Purchase price: $371,500 Estimated current value: $870,400 Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. Estimated current value: $1.81 million Purchase price: $790,000 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. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. [18] In December 2015, Blitzer and Harris joined with Steve Parish to a take a controlling stake in Crystal Palace F.C. Subscribe to our newsletter to get the latest news when it matters most. [25], In 2010, his 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. Estimated current value: $2.16 million Neighborhood: Arlington Year purchased: 2014. An Arlington loyalist, Todd called several spots in the suburb home before buying this new-construction five-bedroom in Arlingtons Lyon Park the same year Tim Russert lured him from National Journal/the Hotline to NBC. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. 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Neighborhood: Logan Circle Neighborhood: Massachusetts Avenue Heights/Embassy Row Year purchased: 2006. [citation needed] The transaction was reportedly for over $320million. They open a five-game series against first-place Minnesota on Monday. Neighborhood: Georgetown Its been a long time. (Blackstone Group is not involved in the purchase, or at least there has been no reporting to indicate such.) Could this lead to the ability to finally unbundle your NFL games? The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. 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. Harris and Blitzer would also form the Harris & Blitzer Sports Entertainment group (HBSE) which would consolidate all their holdings. Neighbors in the new it-hood for muckety-mucks include Fox News anchor Bret Baier and NBCs David Gregory. "I look forward to collaborating with David for years to come to achieve our goal of winning a World Series.". Purchase price: $2.7 million Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. Naturally, a master of modern cuisine would inhabit a modernist stucco masterpiece. Purchase price: $244,000 MLB rules prevent individuals from owning stakes in multiple franchises, so Sherman, who bought the Royals in 2019, has to sell his Guardians equity. Miller, who made his name developing Georgetown and had lived there for half a century, began splitting time among 14th Street, Easton, and Key West. To learn more or opt-out, read our Cookie Policy. "David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. 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. The GOP consultant and fixer for foreign tyrantsbetter known as Donald Trumps former campaign managersplits his time among Trump Tower in New York; a home in Palm Beach Gardens, Florida; and a 2,800-square-foot unit at this luxury condo development overlooking the Potomac. Maybe. Neighborhood: American University Park Former DC mayor Anthony Williams, a neighbor, bought his slightly bigger unit in the building the year before for $1.2 million. Blitzers Guardians agreement is a complex transaction that includes equity from at least two placesthe Dolan family, the teams principal owner, and current Kansas City Royals owner John Sherman. She is a rising junior at Harvard University studying Government with a secondary in Psychology. Despite having one of baseball's lowest payrolls, the Guardians are just two games out of first place in the AL Central. DCs mayor recently upsized from a $125,000 duplex in Riggs Park to this four-bedroom, three-bath, 2,120-square-footer with sun porch. of the . Purchase price: $265,000 Year purchased: 2009. 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. (Photo by Getty Images), Rio Ferdinand: If Soccer Clubs Harness Their Power, Fans Can Change The World, Female Coaching Network Launch Paid Internship At Tottenham Hotspur, The Brandon Nimmo And Jeff McNeil Deals Signify The New Era New York Mets. Hes the first person with an equity stake in the five biggest US professional sports leagues. Dell Loy Hansen said he would be selling Real Salt Lake way back in August 2020 remember that? The value of that team has increased to $455 million. 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. Owner Paul Dolan had been looking for a minority investor for several years and ended his search with Blitzer, who also has ownership stakes in the NBA's Philadelphia 76ers and NHL's New Jersey Devils. Year purchased: 1997. How refreshing that the billionaire Nats ownerone of Washingtons top developersstill lives in the house he built five decades ago, after opening Wheaton Plaza mall. Blitzer has lived in this house for his entire 26-year career at CNN. The five-bedroom, six-bath home has a master suite with cathedral ceilings and French doors opening onto a balcony. Neighborhood: H Street, Northeast J. Coles Dreamville Festival has always been a highly anticipated fixture since Sign up for Boardrooms newsletters to get the biggest stories in the business of sports, entertainment, and culture directly in your inbox daily. Estimated current value: $5.57 million Purchase price: $3.7 million Neighborhood: Bethesda The Cleveland Guardians, one of the most cautious spenders in the major leagues, have put themselves in a position to be more aggressive in procuring players. 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. [20], In January 2022, Blitzer partnered with Ryan Smith's Smith Entertainment Group (SEG) to purchase Major League Soccer team Real Salt Lake. Note: VirtualGlobetrotting is an entertainment website is and is not associated Neighborhood: Takoma DC Find out how the business magnet got so rich. Yes, the primary color decorating the eight-bathroom house is a vivid blue (except for the 12-seat theater in the basement). The Guardians, who have played surprisingly well this season despite having the youngest team in the major leagues, have several key players still under club control through arbitration. David Blitzer. Year purchased: 2015. Jun 20, 2022. Salamander Farm, Johnsons estate near Middleburg, sprawls over 100 acres. DISCLAIMER: The currency conversion is provided for illustration purposes only. This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, How Success Happened for Josh Harris, Co-Founder of Apollo Global Management and Co-Founder of Harris Blitzer Sports & Entertainment, Stayed True to His Triple 'Win' Strategy to Build a $1 Billion Business, the 10 Most Difficult Conversations to Have in the Workplace. The five-bedroom, seven-bathroom house was home . Set alongside the Intracoastal Waterway on a more than 1 acre lot, the mansion regularly pairs dark wood with a neutral, light color palette throughoutfrom the facade to the bathrooms. The Posts workaholic executive editor has to walk barely seven blocks from his 1,900-square-foot condo to the papers new Franklin Square headquarters. Neighborhood: Bethesda [6][7], Blitzer is a member of the investment group that won a $280million bid for the purchase of the Philadelphia 76ers. Estimated current value: $1.55 million 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. Purchase price: $1.125 million ballclub be more aggressive pursuing free agents, something Cleveland has been reluctant to do in recent years. The new Real Salt Lake owner (er, investor-operator, in MLS terms) and the clubs main representative to the league, according to Sportico reporting today. Year purchased: 2007. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. Sportico is a part of Penske Media Corporation. Neighborhood: Potomac The Vox writer just bought a $1.5-million rowhouse three blocks away. [1] Hes a long-time executive at Blackstone Group, where he is the Global Head of Tactical Opportunities. The firm. Blitzer Group reaches agreement on RSL purchase, says Sportico report, said he would be selling Real Salt Lake way back in August 2020, has been criticized by the United Nations for heightening, rumored to be taking out a minority ownership in the Cleveland Guardians, As of yesterday, Arctos became a minority investor in NHL teams, They hold a stake in Liverpool owners Fenway Sports Group. Boardroom is a media network that covers the business of sports, entertainment. "The lifestyle [the buyers] are getting is just fantastic, it's like havingyour own mini Four Seasons.". The Fairfax County Board of Supervisors chairwoman found her home in the Cloisters of Fairfax after its developer asked as a courtesy if it could use her name for a new street there. More:Italian Villa Prepares to Sell for the First Time in 400 Years. Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor's Chief Economist. [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. Its also interesting to note that, for what its worth, Blitzers official arrival comes with the Guardians squarely in the hunt in the AL Central race, and this years August 2 trade deadline just a little over a month away. Year purchased: 2012. Blitzer may have a chance to change that. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. He is married to fellow Penn alumnus Allison Ross. The Global Times criticized the billionaire for fueling a 'conspiracy theory that slanders China.'. Estimated current value: $772,500 Call 1-800-GAMBLER. [4] Blitzer serves on the Boards of Dream, a youth development organizing servicing more than 2,200 inner city children, the Riverdale Country School, the advisory board of the Mount Sinai Hospital Surgical Department, the Board of Advisors at the Wharton School, and the board of trustees at the University of Pennsylvania. 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. With The Patrick Kane Deal, The Rangers Join The Devils And Islanders As All-In In The New York Area. "I am very excited about bringing on David Blitzer and his group as our partners," Dolan said in a statement. 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. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. He also leads the Tac Opps. Neighborhood: Shepherd Park Blitzer is currently a minority owner of the NHL's New Jersey Devils, and the NBA's Philadelphia 76ers. This has proven true. [2][3] In 1987, he graduated from Scotch Plains-Fanwood High School. Estimated current value: $1.58 million Neighborhood: Capitol Hill Estimated current value: $922,400 Here's why building and managing a personal brand is so important. Neighborhood: Lanier Heights/Adams Morgan Blitzer acquired his wealth as a private equity investor via his investments in various sport franchises. He also serves on the Boards of Dream, a youth development organization servicing more than 2,200 inner-city children. David Blitzer, the new minority owner of the Cleveland Guardians, should be able to help the [+] ballclub be more aggressive pursuing free agents, something Cleveland has been reluctant to do in recent years. If he paid more than that, county records dont disclose it. 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