David S. Blitzer | |
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Born | 1970 (age 46–47) |
Nationality | American |
Education | B.S. University of Pennsylvania |
Occupation | Private equity investor |
Known for | Shareholder of the Philadelphia 76ers Shareholder of New Jersey Devils Shareholder of Crystal Palace FC |
Spouse(s) | Allison Ross |
Children | 5 |
David S. Blitzer (born 1970) is a partial owner of the New Jersey Devils of the National Hockey League, Philadelphia 76ers of the National Basketball Association, Crystal Palace FC of the English Premier League and a senior executive at the private equity firm Blackstone Group.
Blitzer grew up in Scotch Plains, New Jersey. He graduated magna cum laude from the University of Pennsylvania in 1991. He is married to fellow Penn alumnus Allison Ross. In 1991, he accepted a position with the Blackstone Group where he serves as Senior Managing Director & Head of Tactical Opportunities in New York City.
Blitzer is a member of the investment group that won a $280 million bid for the purchase of the Philadelphia Seventy-Sixers. 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, as well as former Vail Resorts CEO Adam Aron, Martin Geller, David Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. Comcast-Spectacor and Harris began talks in the summer of 2011. The deal was announced on July 13, 2011. The NBA formally approved the deal on October 13.