How David Blitzer’s Blackstone Playbook Helped Him Conquer Sports
On this episode of The Deal with Alex Rodriguez and Jason Kelly, one of the most prolific investors in sports gives advice to new players in the big game.
David Blitzer, left, on The Deal with Alex Rodriguez and Jason Kelly
David Blitzer is one of private equity’s biggest sports fans. He also was one of the first to figure out the massive investment potential in sports business—since it looks a lot like the deals he’s learned to do while working for decades at Blackstone Group. When he got into business with Apollo co-founder Josh Harris, he found a kindred dealmaker.
“We had a lot of experience in corporate carve-outs,” Blitzer says on the latest episode of The Deal with Alex Rodriguez and Jason Kelly. “We had a lot of experience in bringing in new management teams and thinking about incentive structures in ways that I don’t really think sports had really done.”