Just under a week ago, we covered the report that Sixers managing partners Josh Harris and David Blitzer are interested in purchasing the New York Mets. While the enterprising duo continues their quest to take a bite out of the Big Apple, they’ve already secured themselves a condiment.
Bloomberg’s Erik Schatzer reported today that Harris and Blitzer “acquired a stake of less than 5% in the Pittsburgh Steelers earlier this year...While no details on price were available, the pair of financiers may have paid as much as $140 million, based on the $2.8 billion value Forbes estimated for the NFL franchise last September.”
Per Schatzer, “Harris and Blitzer are joining the ownership group as passive investors alongside the Rooney family, with no input on operations.” Still, one has to imagine Harris and Blitzer are a perfect fit within Pittsburgh’s family-oriented organizational culture. After all, they already possess a well-documented history of recognizing the unparalleled benefits of hiring the son of an executive for a key front office role.
Philadelphia 76ers. New Jersey Devils. Crystal Palace F.C. A minority stake in the Pittsburgh Steelers and an eye toward scooping up the New York Mets. Harris and Blitzer are practically a Marvin Gardens away from owning a whole side of the board. So the next time Sixers ownership makes noise about the luxury tax, or how it was a smart business decision to sell a draft pick, just remember that these two own more professional sports teams than I do pairs of jeans.