Josh Harris and David Blitzer – owners of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils – have purchased a piece of the Steelers, according to Erik Schatzker of Bloomberg. The exact figures aren’t known, but they acquired less than 5% of the team, per Schatzker’s sources.
The Steelers stake may have cost as much as $140MM, per Forbes’ estimates from September 2019. It’s just the latest addition to their expansive roster, which also includes ownership of Newark, New Jersey’s Prudential Center and the English Premier League’s Crystal Palace soccer club. They’re also said to be weighing a bid for the New York Mets.
It’s possible that Harris and Blitzer bought the shares from David Tepper, who went from minority owner of the Steelers to the majority owner of the Panthers. The Steelers, meanwhile, remain under the control of the Rooney family, with additional backing from other investors.
The duo will not add their Steelers shares to Harris Blitzer Sports & Entertainment, the company that houses their other pro sports investments.
That’s one way to get season tickets
Almost same cost
Remember when sports team owners actually knew something about sports?
His names Blitzer what more could you want?
Harris is unstoppable. Mets are next.
They’re also interested in the Mets too
LOL! Being from Philly I have one thing to say to Steelers and Mets fans: Trust the process.