Along with the team transaction came the operating interest in the Prudential Center and other related assets. His net worth has been growing significantly in 2021-2022. He is a co-managing partner and minority owner of the New Jersey Devils of the National Hockey League, Philadelphia 76ers of the National Basketball Association, Crystal Palace F.C. Billionaire Josh Harris, Magic Johnson front group behind reported NFL sale agreement with Dan Snyder, Why Daniel Snyder is selling NFL team & what to know about team's new owner Josh Harris, Why Daniel Snyder won't sell the Commanders to Jeff Bezos, Magic Johnson ownership bid for NFL Commanders, explained: NBA legend joins group led by Josh Harris, Delaware Blue Coats (76ers' NBA G League affiliate), Dignitas of New Meta Entertainment (esports team). Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts. There are limits on how much the group may borrow to finance the deal. Johnson's reported net worth is about $620 million. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. Record signing:Nicolas Pepe $87.1 million (LOSC Lille, 2019). Dalton Schultz net worth: What is Schultz's contract with the Cowboys? Prospective investors who agree to buy an NFL team need the support of three-quarters (24 of 32) of NFL team owners. There were certainly whispers of impatience from ownership while the team was rebuilding one source within the organization had told me that when Ray Shero was GM, he had to explain to his bosses on multiple occasions why it wasnt time to pursue a star player in a trade or free agency because he needed more time to rebuild the foundation. In 2019, John Sherman is said to have put his shares of the team in escrow so that he can buy Kansas City Royals. Source of wealth:Cleveland Guardians, Crystal Palace, New Jersey Devils,Philadelphia 76ers, Pittsburgh [+], The World's 15 Youngest Billionaires 2023, The Top 10 Richest Women In The World 2023, Billionaires 2023: The Top 10 Richest People In The World, Forbes America's Top Colleges List 2022: Top 25 Highest Earnings, The Worlds 10 Highest-Paid Athletes 2022, Forbes America's Top Colleges List: Top 25 Success Factories. What's his current net worth? A Forbes report says that the team has a value of $1.16 billion. The firm owns stakes of the Philadelphia 76ers and the New Jersey Devils as well as minority stakes in European soccer teams. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. An agreement has been finalized for David Blitzer to join the Guardians . In August 2013, the Harris Blitzer investment group also completed the purchase of the NHL team the New Jersey Devils. Washington Commanders owner Dan Snyder has agreed to sell his NFL team to a group of investors headed by Josh Harris, a part-owner of the NBAs Philadelphia 76ers and the NHLs Jersey Devils, for a record $6.05 billion, according to people familiar with the deal. In addition to being incredibly successful and well-known, he has received praise from critics throughout his career. Morey is considered one of the top decision makers in the NBA. Major League Baseball has approved the sale of a partial stake in the Cleveland Guardians team to billionaire David Blitzer, according to Sportico. Source of wealth: Cleveland Guardians, Crystal Palace, New Jersey Devils, Philadelphia 76ers, Pittsburgh. The two founded Harris Blitzer Sports & Entertainment in 2017 to consolidate their sports ventures, which owns the following sports teams, as well as event ticketing firms and baseball-themed resorts and brands: Harris previously expressed interest in buying the Broncos in 2022 before the franchise was sold to a group led by Walmart heir Rob Walton for a then-record $4.65 billion. Finally, Blitzer is a supporter and donor of Hillel International, the largest Jewish campus organization in the world which encourages Jewish undergraduate and graduate students to embrace their Jewish heritage. David S. Blitzer Net Worth. As a consequence of his stock market investments, he will be worth $1.3 billion by the year 2022. David Miller Here we will discuss about David Miller Career as a South African Cricket Team player, his achievements and records, businesses and most importantly his earning and net worth. According to a report by NFL.com's Ian Rapoport, the purchase has not been approved or even submitted to the NFL. and other top brands or companies. All Rights Reserved. 2023 Forbes Media LLC. Private equity investing is what David Blitzer does for a living and has done for many years. He is also the principal owner of baseball team Boston Red Sox. The fast food chain brings back its iconic, 'red-handed fugitive' to market updates to the Big Mac, McDouble, and Classic Hamburger and Cheeseburger. MORE: Magic Johnson ownership bid for NFL Commanders, explained: NBA legend joins group led by Josh Harris. What does David Blitzer do with his money? He also owns clothing line Jack Wills, department store chain House of Fraser, and high street gaming chain GAME. [11][12], In 2017, Blitzer and Harris founded Harris Blitzer Sports & Entertainment to consolidate their shared ventures. On August 15, 2013, it was announced that a group led by Joshua Harris and partner David Blitzer have purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate Prudential Center arena in Newark, New Jersey. When Dellow was hired, he mentioned HBSE as one of the reasons the job intrigued him. Here's how he ranks among the other richest NFL owners: Jacob Camenker contributed to this report. So, how much is David M. Blitzer networth at the age of 72 years old? Crystal Palace, Net Worth: $300M Harris partners in the Commanders deal include David Blitzer, his partner in the Sixers and Devils; Mitchell Rales, a billionaire manufacturer from the Washington area; and former NBA star Magic Johnson. 14.65% of the shares in Arsenal, before Moshiri sold his part to help fund his takeover of Everton. He was a 12-time NBA All-Star, including nine times as a first-team selection. "You sit there as a fan your entire life I'm a huge sports fan and you see X, Y, Z owner and think, 'Wouldn't it be really cool to own a sports team,'" Blitzer told the New York Business Journal. Wolf Blitzer Net Worth - Salary. Blitzer recently told Bloomberg that he expects continued large investments from equity firms in the sports business. Net worth David Blitzer has reached the spot. David Blitzer, the part-owner of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, . The Wharton School at the University of Pennsylvania. As well as maintaining control of Apollo, Harris now owns shares in the Philadelphia 76ers and the New Jersey Devils. One thing is clear, though: Harris is aggressive in looking to purchase other sports franchises. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. How he made his fortune: Lewis' initial wealth came from the hospitality industry in the late 1970s and early 1980s, before he made a fortune on the foreign exchange market alongside George Soros. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. Blitzer, 52, and Harris previously attempted to land an MLB franchise when the New York Mets were for sale in 2020. He is a co-managing partner and minority owner of several sports teams. Who is he? of the Premier League. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. If David invests 35%, he will probably make a lot of money. And just like in soccer, his sights are set higher. of the English Premier League, FC Augsburg of the Bundesliga, Waasland-Beveren of the Belgian Jupiler Pro League, the Scranton Wilkes/Barre RailRiders of the Triple-A International League, esport company Dignitas, and a senior executive at the private equity firm Blackstone Group. A few years ago, when the Dolan family and John Sherman wanted to unload the Cleveland Guardians, there was more than one bidder willing to pay $1.4 billion for the MLB team. Around the same time, the Devils were investing in several other off-ice departments, even though the team was in the middle of a rebuild. But, once the young core was in place, current GM Tom Fitzgerald has consistently praised Harris and Blitzer for their commitment to building a winner, including green-lighting splash moves to acquire stars Timo Meier (via trade at the deadline) and Dougie Hamilton (in free agency in 2021). How he made his fortune: After building a successful trading firm in the 1980s, Henry began to invest the money he had earned into sports teams. One part remains as a construction company while the other, known as OCI, became one of the planet's leading producers of nitrogen fertilizers. mining and steel manufacturing giant Metalloinvest, and Russian wireless operator Megafon. Their position represents reportedly less than 5 percent, which doesn't give them any control over team operations. The deal was announced on July 13, 2011.The NBA formally approved the deal on October 13.As of August 2019, the value of the Sixers has increased to $1.7 billion. [6][7] In August 2013, Blitzer and Harris purchased the New Jersey Devils of the National Hockey League (NHL), which included the Prudential Center in Newark, New Jersey, for over $320 million. Save my name, email, and website in this browser for the next time I comment. Their firm owns minority stakes in multiple sports teams along with larger stakes in the Philadelphia 76ers and the New Jersey Devils. It best known for its former League of Legends and Counter-Strike: Global Offensive squads. With his recent purchase, Blitzer now owns a 25-30% stake in the Cleveland Guardians. Ron Rivera's status? He also owns clothing line Jack Wills, department store chain House of Fraser, and high street gaming chain GAME. Having met the managing partners, Josh and David, it is pretty clear that they are committed to doing this and doing it a certain way, Dellow told The Athletic when he was hired in April 2019. He was born on 10 June 1989 in Pietermaritzburg, Natal, South Africa. David Blitzer is a private equity investor and has been for many years. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); David Blitzer Family, Net Worth, Parents, Wife, Children, Salary, Marjan Rintel Net Worth, Wiki, Family, Parents, Salary, Bio & More, Yousef Alhorr Net Worth, Family, Parents, Wife, Children, Wiki Bio, Austin Kevitch Family, Net Worth, Parents, Wife, Ethnicity, Wiki, Jacob Busch Net Worth 2022, Salary, Family Wealth & Bio. Assets of David Blitzer Home: David Blitzer is a billionaire American. In 2012, he led a group including Guggenheim Partners and Stan Kasten in buying MLB's Los Angeles Dodgers franchise, at the time the largest amount ever paid for a professional sports team. A native of Scotch Plains, New Jersey, Blitzer graduated magna cum laude from the Wharton School of Business at the University of Pennsylvania in 1991. Harris, in 2011, joined Blackstone Inc. executive David S. Blitzer in a group bid to buy the 76ers franchise for $280 million. [+] 11 of 13 Dave. The Dan Snyder era in Washington is reportedly nearing its end. He worked his way to Senior Managing Director & Head of Tactical Opportunities a position he still holds today. Personal life. [2][3], In 2011, Blitzer joined an investment group led by Josh Harris of the private equity firm Apollo Global Management that purchased the Philadelphia 76ers of the National Basketball Association (NBA) for US$280 million. Blitzer is a top partner at Blackstone, another big private equity firm. The Sixers have seen plenty of turnover at every level of the organization during Harris time as owner. Blitzer and Harris tried to buy the New York Mets in 2000, with the New York Post reporting at the time that Blitzer had a net worth of $1.3 billion. In 1999, the current owners family brought in $323 million. The other key figure in Harris' sports ownership is David Blitzer, who also graduated from Wharton and works in private equity. Two separate incidents this year involving a U.S. submarine and aircraft carrier seemingly suggest that Turkey is wary of the U.S. Navy's presence near its shores in the Eastern Mediterranean. Blitzer is Jewish. Blitzer acquired his wealth as a private equity investor via his investments in various sport franchises. Nowadays, Lewis is the chairman of Tavistock Group a private investment organization that have a portfolio containing oil companies, resort properties, restaurants and, of course, sports clubs. Blitzer was born in Scotch Plains, New Jersey, and graduated from Scotch Plains-Fanwood High School before enrolling at the University of Pennsylvania, where he would graduate magna cum laude. Blitzer, along with his wife Allison, a fellow Penn graduate, runs the Blitzer Family Foundation. This will make Blitzer, 52, the first person to hold equity in all five major U.S. sports leagues Major League Baseball (MLB), the National Basketball Association (NBA), the National Football League (NFL), the National Hockey League (NHL), and Major League Soccer (MLS). Today, he still owns stakes in steel giant Evraz and Norilsk Nickel, and he's also owner of the world's largest yacht, the 533-foot (and aptly titled) Eclipse. According to various sources, David Blitzer has a net worth of approximately $1.3 billion. According to Nash, Crosby had contracted the Covid-19 coronavirus a second time. Nothing is final or has been sent to the league. All rights reserved. His current net worth is somewhere around $1.5 billion. This season will mark the Sixers sixth straight year in the playoffs, although they have yet to advance past the second round. Steve Cohen eventually purchased the Mets for roughly $2.4 billion. They also founded the Blitzer Family Foundation, an organization that promotes youth development through avenues like education, athletics, health, and wellness. Here's everything you need to know about the group buying the Commanders: Snyder is selling the Commanders to a group headlined by businessman and investor Josh Harris but also includes the following key investors: Harris, who grew up in the Washington, D.C. area, co-founded Apollo Global Management in 1990. In 2011, they purchased the Philadelphia 76ers for about $287 million. You've finally found the right franchise so now it's time to ask yourself: How are you going to pay for it? Visit Business Insider's homepage for more stories. David Blitzer is a rich equity investor with amassive Net Worth of $1.3 billion. The owner of the team is said to be looking for a small shareholder. Sources close to the situation tell The Post that Harris and Blitzer have been. He initially founded the company alongside brother Stephen Rales, initially naming the company Equity Group Holdings before renaming it Danaher Corporation in 1984. He also has numerous ties to the sports world as co-owner of both the NBA's Philadelphia 76ers and NHL's New Jersey Devils. [4][5] Other notable members of the investment group were Art Wrubel, Jason Levien, Adam Aron, Martin J. Geller, David B. Heller, James Lassiter, Marc J. Leder, Michael G. Rubin, Will Smith, Jada Pinkett Smith, and Erick Thohir. How he made his fortune: Following the tragic death of his father Vichai Srivaddhanaprabha in a helicopter crash in October 2018, son Aiyawatt assumed control of his late father's empire. Each of the Sixers partners has significant sports assets. Blitzer is a member of the investment group that won a $280 million bid for the purchase of the Philadelphia 76ers. David Warner's patchy showing in the Indian Premier League is increasing the pressure on his Test cricket future ahead of Australia's major tour of the U.K. Combined they are worth an astonishing $90.8 billion. 44. If they do not make a deep playoff run this season, there is an expectation that there will be even more turnover. His mother was a homemaker whereas his father was . With sale imminent, 8 priorities for new owner Josh Harris. [13] Reflects change since 5 pm ET of prior trading day. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. David Blitzer is an equity investor and part owner of the Philadelphia 76ers. Rales, 66, is the co-founder of Danaher Corporation, a global conglomerate headquartered in Washington, D.C. that designs, manufactures and markets medical, industrial, and commercial products and services. 3 Lessons I Learned from Speaking at a Berkshire Hathaway Event, McDonald's Hamburglar Comes Out of Hiding to Promote Big Burger Changes, Report: In-Office Workers Spend More Time On This Important Job Feature Than Remote Workers. The successor to the Dolan family, the longest-tenured owners in Cleveland's franchise history, is officially in place. How he made his fortune: Abramovich made most of his money in the oil and metals industry, with the Russian selling his 73% stake in Sifnet to oil giant Gazprom for $13 billion in 2005. Harris, 58, is cofounder of Apollo Global Management, a private equity and real estate investment firm whose clients include Pennsylvanias pension funds. This article is about the private equity investor. Blitzer graduated magna cum laude from the University of Pennsylvania's Wharton School. but has aimed even higher in soccer. Harris and Blitzer also bought a small stake in the Pittsburgh Steelers in June 2020. Blitzer, who has a stake in the Philadelphia 76ers, New Jersey Devils, Pittsburgh Steelers, Real Saltlake, and now the Cleveland Guardians, is also Senior Managing Director & Head of Tactical Opportunities at Blackstone, an investment management company. Sawiris is also the supervisory director of fashion giant Adidas. Harris, 58, has an estimated net worth of $7.6 billion, according to the Bloomberg Billionaires Index. Here's Everything You Need to Know. The bid still must be submitted and approved. This article contains information from the Associated Press. Record signing: Paul Pogba $114.3 million (Juventus, 2016). Moshiri and Usmanov also used to hold 14.65% of the shares in Arsenal, before Moshiri sold his part to help fund his takeover of Everton. Increased vacancy and interest rates contributed to the D.C. office portfolio default, a Bloomberg report shows. People may receive compensation for some links to products and services on this website. Record signing: Christian Benteke $34.0 million (Liverpool, 2016). Act fast to get a lifetime subscription to this top-rated language learning service. David Blitzer is the franchise owner of professional sports teams including the Philadelphia 76ers. For example, the late Paul Allen owned both the NFL Seattle Seahawks and NBA Portland Trailblazers. 'Palace are on the right side of history and were on the rise' - Josh Harris on Vieira, community and the club's future. 4.8 Million. David Blitzer is happily marries with wife Allison Ross.The couple have five children together. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. David Blitzer is a businessman who owns a stake in several sport franchises, including the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, the Premier League's Crystal Palace and now the MLB's Cleveland Guardians. The plan is for Blitzer to own a 25 to 35 percent stake in the franchise before becoming the majority shareholder in due course. After graduating from the Wharton School of the University of Pennsylvania and Harvard Business School, Harris made his fortune in private equity. Harris has ample experience. However, the investor hasnt said anything about the rumours himself. Subscribe to The Athletic for in-depth coverage of your favorite players, teams, leagues and clubs. People familiar with the Sixers ownership group says Harris and Blitzers ownership of the Commanders wont change the teams plans to build a new arena in Philadelphia or its other initiatives. All rights reserved. Like Harris, Rales grew up in suburban Washington. He is married to Allison (ne Ross) Blitzer; they have five children. How they made their fortune: Sheikh Mansour is a member of the royal family of Abu Dhabi, and he's also the deputy prime minster of the United Arab Emirates. Henry held shares in Orlando Magic, Miami Heat, and the New York Yankees amongst others, before taking over Liverpool in October 2010. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Blitzer is married to a fellow University of Pennsylvania alum Allison Ross Blitzer. In January 2022, Blitzer would structure a similar agreement with Ryan Smith's Smith Entertainment Group (SEG) to take a controlling interest in the MLS franchise Real Salt Lake. How he made his fortune: Guo Guangchang is the founder and chairman of Fosun International, a Chinese international conglomerate and investment vehicle, whose portfolio covers everything from real estate to pharamecuticals. Josh Harris, a part-owner of the NBAs Philadelphia 76ers and the NHLs Jersey Devils, according to people familiar with the deal, Johnsons reported net worth is about $620 million, compelling Dan Snyder to sell the Commanders, allegations of sexual harassment and financial impropriety, NFL ended remaining cross ownership restrictions in 2018, Blitzer last year bought Real Salt Lake Major League Soccer, plans to build a new arena in Philadelphia, California residents do not sell my data request. David Blitzer was Born on 7 Setember 1969 and grew up in Scotch Plains, New Jersey.In 1987, he graduated from Scotch Plains-Fanwood High School.He graduated magna cum laude from the University of Pennsylvania in 1991.He has not Reveal anything about his parents and Family. David Blitzer runs the tactical opportunities group at alternative investment giant Blackstone. Lando Norris Net Worth: How Big Is The British Racer's Fortune. Johnson also had a short-lived role as an executive, becoming the Lakers' president of basketball operations in February 2017. The transaction was reportedly for over $320 million.In 2017, Blitzer and Harris formed Harris Blitzer Sports & Entertainment (HBSE) which will hold all their sports investments; Harris will serve as Owner/Chairman and Blitzer as Owner/Vice-Chairman.As of August 2019, the value of the Devils has increased to $455 million. The companys key holdings include the Sixers, New Jersey Devils and the Prudential Center in Newark, N.J. Harris has presided over an interesting era of Sixers basketball. Johnson, 63, the well-known former Los Angeles Laker and NBA Hall of Famer, has previously owned a piece of the Lakers and currently has stakes in Major League Baseballs Los Angeles Dodgers, Major League Soccers Los Angeles FC, and the Womens National Basketball Associations Los Angeles Sparks. Davids Bridal Files For Chapter 11 Bankruptcy, David Warners Struggles In The IPL Add Pressure On His Uncertain Test Cricket Career, David Crosby Died While Battling Covid-19, Per Graham Nash, The Top 10 Richest Women In The World 2023, The World's 15 Youngest Billionaires 2023, Billionaires 2023: The Top 10 Richest People In The World, Highly Unusual Deal Allows David Blitzer To Buy 35% Of Cleveland Guardians, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Katharina Liebherr and Gao Jisheng of Southampton FC have been excluded from the list because Liebherr sold 80% of her shares in the club to Jisheng in 2017, and the Chinese businessman's net worth is currently unclear having just lost control of his real-estate company, Lander Sports, according to the Financial Times. In the late 1990s, Kroenke ventured into sports when he bought his first franchise, the Denver Nuggets, and he now owns the NHL's Colorado Avalanche, Colorado Rapids soccer team, and LA Rams, amongst others. Your email address will not be published. By August of 2019,. He greenlit then-general manager Sam Hinkie to execute The Process, a complete teardown strategy that saw the Sixers amass a 47-199 record in three seasons. In 2013, Blitzer and business partner Joshua Harris would acquire the New Jersey Devils, and the rights to the Prudential Arena in Newark New Jersey, for a reported $320 million. David Blitzer Salary , How Much David Blitzer Earns? He is also the principal owner of baseball team Boston Red Sox. David M.'s income mostly comes from and basic source is being a successful American businessperson. Julia Wilkinson is an intern on the Editorial team. Here we are updating just estimated networth of David M. Blitzer salary, income and assets. Unidad Editorial Informacin Deportiva, S.L.U. Heres what you should know about the 58-year-old Harris, who has plenty of experience in professional sports. Harris, who lives in New York City, attends Sixers games regularly. Ever since, the clubs in England's top division have become attractive prospects for weathly investors, with businesspeople all over the world keen to help themselves to a slice of the Premier League pie. Seb Coe is part of a four-strong consortium hoping to buy Chelsea - along with Sir Martin Broughton, Josh Harris and David Blitzer Credit: . Guangchang is well known for donating millions of dollars to charity, and he describes himself as the "Chinese Warren Buffet.". Record signing:Kevin De Bruyne $82.7 million (VfL Wolfsburg, 2015). The NFL does have restrictions on who can buy a team. Arriving at the scene is David Blitzer. So much of the joy of the journey comes from embracing the "unplanned.". Ross was convicted of extortion and sentenced to five years of probation under the condition that he get psychiatric and alcohol treatment and has no contact with his daughter Allison, Blitzer, their children, and Blackstone. The franchise reached an agreement with free agent LeBron James on a four-year contract in 2018, but did not reach the playoffs before Johnson resigned from his role in April 2019. Forbes estimates Harris' net worth to be $6 billion as of April 2023. There are now 12 billionaires who own Premier League clubs all of whom Business Insider has ranked by their net worth according to Forbes and The Sunday Times. The club had been sold by former owner Dell Loy Hansen following controversial comments on civil rights protests by athletes made in 2020. Hofmann. Rales, 66, is the founder, with his brother Steven, of the Danaher Group, a medical device maker, based in Washington. The. That strategy landed an NBA superstar, Joel Embiid. Blitzer is also a sports fan. His mother was a homemaker while his father was a home builder. Blitzer is also co-owner of Real Salt Lake of Major League Soccer and a minority owner of the Cleveland Guardians of Major League Baseball. Moreover, the net worth includes the value of every team he has stakes in. The Sixers have experienced plenty of turmoil under Harris, including failed draft picks, uneven trades and poor free-agent signings. According toRapoport, the Harris group has always been the favorite and Amazon owner Jeff Bezos was never really part of the equation. Private investment firms, sports brands, and royal inheritance are just some of the sources of money for the Premier League's richest. Donald Trumps real net worth? Through Harris Blitzer Sports and Entertainment, Harris and business partner David Blitzer own the National Basketball Association's Philadelphia 76ers (purchased in 2011 for $208 million . How he made his fortune: Ashley opened his first sports gear shop in 1982 using a $12,000 loan from his family. Jun 20, 2022. Required fields are marked *. In September 2014, he partnered with David Abrams and lead a local investment group that purchased a 50% interest the New York Yankees Triple-A affiliate, the Scranton/Wilkes-Barre RailRiders Blitzer and Abrams will serve as co-managing owners.In December 2015, Blizer and Harris joined with Steve Parish to a take a controlling stake in Crystal Palace F.C.In September 2016, Blizer and Harris purchased Dignitas, a professional esports organization based in the United Kingdom formed when Battlefield 1942 clans Legion Condor and Sweden Kompanix merged. Anything about the rumours himself investor and part owner of the Philadelphia 76ers for! Deep playoff run this season will mark the Sixers partners has significant sports assets, officially... League 's richest when the New Jersey Devils in 1982 using a $ 280 million for. 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