
Report: 76ers' Josh Harris, David Blitzer Purchase Stake in Pittsburgh Steelers
Philadelphia 76ers managing partner Josh Harris and co-managing partner David Blitzer reportedly "acquired a stake of less than 5 percent in the Pittsburgh Steelers earlier this year," according to Erik Schatzker of Bloomberg.
Per that report, the pair may have paid around $140 million for the stake in the team.
Harris and Blitzer have built a diverse portfolio within the sporting world. Alongside the Sixers, they also head up the ownership group of the New Jersey Devils, with Harris serving as the managing partner, chairman and governor and Blitzer operating as the co-managing partner, vice chairman and alternate governor.
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They also own the team's home, the Prudential Center, in Newark and have an ownership stake in the English Premier League's Crystal Palace, though there have been reports that they may sell their share in the club.
And last week, Scott Soshnick of Variety reported that the duo were "among the suitors" interested in buying the New York Mets.
In Pittsburgh, they join an ownership structure headed by the Rooney family; the team was founded by the late Art Rooney. Among the other investors are former Illinois Governor Bruce Rauner and former Steelers wideout John Stallworth.
Harris and Blitzer will be "passive investors alongside the Rooney family, with no input on operations," per Schatzker.
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