The private equity billionaire now has stakes in teams across the big five American sports
A group led by Crystal Palace part-owner David Blitzer has completed the takeover of Major League Soccer side Real Salt Lake, with the 52-year-old now having the distinction of holding a share of franchises in all five of the United States’ major sports.
Blitzer, who purchased an 18% stake in Palace in 2015, and the NBA’s Utah Jazz owner Ryan Smith completed a deal worth almost $400million (£295million) to buy a club that had been without a present owner since Dell Loy Hansen stepped back in September 2020 following accusations of racist behaviour.
Real Salt Lake are the fifth football club that Blitzer, who Forbes estimates is worth $1.3billion (£960million), has invested in. The Blackstone private equity senior executive has shares in the German Bundesliga side Augsburg, Belgian first division team Waasland Beveren and the Eredivisie outfit ADO Den Haag.
Read more/Source: Football London
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