[16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. However, the positions of the two Supervisory Board members will not be filled. Boardroom is a media network that covers the business of sports, entertainment. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. This is a question that only Blitzer himself can answer, but he has not yet commented on it. The Lippin Group for Just Womens Sports Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. 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. He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group. 2022 Season Tickets can be purchased at . | Advertise . Scott is a founding partner of Harkness Capital. 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. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Mr. Blitzer and his wife Allison reside in New York City with their five children. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. | Terms & Conditions The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. Just like at his day job, Blitzer is looking around corners to find new opportunities. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. The round was led by Blue Pool Capital, Joe Tsais family office,with participation from Billie Jean King,Michele Kang, Bolt Ventures, David Blitzer,SC Holdings,RevolutionsRise of the Rest Seed Fund,Muse Capital and Dapper Labs, and other institutional and angel investors. David Blitzer and Jeff Mallet become investors in latest round. 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. of the Premier League. He is also involved in the Tac Opps Investment Committee. 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 . Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. 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. 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). 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. View contacts for Bolt to access new leads and . Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. 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. 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. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. The round is 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 partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), Tenere Capital, Blitzscaling Ventures, Next Play . Bolt Ventures Sep 2021 - Dec 20221 year 4 months New York, New York, United States Head of Family Office Oak Hill Advisors, L.P. Aug 2014 - Dec 20228 years 5 months Greater New York City Area. 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. [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. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. Germany. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. JWS previously raised$3.5 millionin May 2021. By submitting this request, you consent to receive email from Blackstone. Returning investors includeWill Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode GlobalandDrive by DraftKings. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. With Josh Harris, Blitzer is also a partner in Harris. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. Portfolio News Full Portfolio >> Tonal bolt ventures david blitzer. [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. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. The 52-year-old. 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. [1] He serves on the Mount Sinai Hospital and Wharton School. The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. 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. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. 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. 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. 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. To receive email alerts from Blackstone, sign up below. Here are 10 facts about RSL's new lead investor. 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. | 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. 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. 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. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. 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. For press inquiries, contact[emailprotected]. 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. 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. David Scott Blitzer (born September 7, 1969) is an American private equity investor. Teams 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 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. American billionaire investor (born 1969), This article is about the private equity investor. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. 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. 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. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. The company's . [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. 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. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . This latest round of funding gives us the resources to cement our status as the leading platform in the space.. 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. There is no indication yet as to whether Bolt is involved in the sale. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. By August of 2019 . 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. He subsequently developed into a successful businessman who revealed a weakness for sports. VP Finance 2 emails found 1 phone number found . Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. 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. He joined the firm in 1991. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. 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. . We knew the on-field product was great, and that womens sports just needed better coverage and smarter marketing to truly break into the mainstream. One keyword here is internationalization. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. He graduated magna cum laude. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. 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. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. [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. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis.