The American businessman has one of the largest and most extensive assets in sports for investing hundreds of millions in his country’s leagues.
David Blitzer He became one of the largest investors in sports with his conglomerate Smith Entertainment Group. The financial firm added the Major League Soccer (MLS) team, Real Salt Lake, to its assets in 2022. This was the last significant acquisition in the company and it achieved it for almost 400 million dollars.
The football team had been without its previous owner, Dell Loy Hansen, for approximately two years. because the North American league kicked him out for his racist acts. The team is one of the revelations of recent tournaments and ends September in third position in the table, just six points behind the leader, LA Galaxy. In addition, among their ranks is the Argentine Pablo Ruíz and the Uruguayan Marcelo Silva.
The purchase was made with his partner Ryan Smith’s. This combination was appreciated by MLS Commissioner Don Garber, who stated: “David and Ryan’s teams have become synonymous with how athletics and community intersect, as they have demonstrated world-class leading organizations outside of the professional football.” He also highlighted his experience and resources and indicated that this would allow them to improve the institution that they added to their assets.
The history and business of David Blitzer, the billionaire who opened the world in sports
The purchase of the soccer team turned the American into a the first person to own a team in the five major leagues in the United States. Blitzer achieved this incredible record by owning a co-management of Philadelphia 76ers and Utah Jazz in the NBA, New Jersey in the NHL, owns 25% of the Cleveland Guardians in the MLB and is a wholesale partner in the Washington Commanders in the NFL.
The American managed to establish himself in local competitions after a long career in the financial sector, after graduating from the University of Pennsylvania in 1991. Later, he took his first steps in the firm blackstone in 1991 and became one of those in charge of overseeing the company’s capital in Europe from 2001 to 2011.
Blitzer’s stay in the “old continent” allowed him to co-found the company Apollo Global Management in 2008 with his partner Josh Harris. The investment that made him popular was lto purchase the Pheladelphia 76ers for $280 million in 2011. His group continued to expand throughout the American leagues, as mentioned above.
The billionaire businessman also has international investments with his firm Global Football Holdings. This began by acquiring 18% of the English team, Crystal Palace F.C. and continued with significant investments in Portugal, Spain, Belgium, Germany, the Netherlands and Denmark. In addition, the American has minor league teams in the United States.
How much is David Blitzer’s fortune, according to Forbes
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The person passionate about numbers and sports managed to form one of the largest assets in the sports field. David Blitzer’s career allowed him to amass a fortune of 3.1 billion dollarsaccording to Forbes magazine.
Source: Ambito
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