Harris Blitzer Sports & Entertainment

Harris Blitzer Sports & Entertainment LLC (HBSE) is an American sports and property management holding company. Headquartered in Camden, New Jersey, the company was founded by private equity investors Josh Harris and David Blitzer in September 2017.

Harris Blitzer Sports & Entertainment
Type
Industry
FoundedSeptember 25, 2017 (2017-09-25)
Founders
Headquarters
Camden, New Jersey
,
U.S.
Key people
Tad Brown (CEO)
Brands
Websitehbse.com

HBSE owns and operates the Philadelphia 76ers of the National Basketball Association, the New Jersey Devils of the National Hockey League, the Prudential Center and Grammy Museum Experience, the Delaware Blue Coats of the NBA G League, the Utica Comets of the American Hockey League, and the esports organization Dignitas, among other brands.

History
Josh Harris (pictured) co-founded the company with David Blitzer in 2017

American private equity investors Josh Harris and David Blitzer led investment groups that bought the Philadelphia 76ers of the National Basketball Association in 2011 and the New Jersey Devils of the National Hockey League in 2013. To consolidate their shared ventures, the two founded a holding company, Harris Blitzer Sports & Entertainment (HBSE), on September 25, 2017.[1] In 2018, HBSE partnered with the San Francisco 49ers and Creative Artists Agency to establish Elevate Sports Venture, a consulting firm specializing on event marketing and ticketing.[2] In 2019, the company invested in an esports entertainment company, New Meta Entertainment, after merging the esport organizations Dignitas and Clutch Gaming.[3][4]

In 2020, HBSE hired a Chief Diversity and Impact Officer and pledged $20 million to fight racial injustice.[5][6] The same year, HBSE donated millions of dollars to local communities in Philadelphia and Newark in response to the COVID-19 pandemic.[7][8] Tad Brown, former executive of the Houston Rockets and Toyota Center, was hired as CEO in August 2021.[9] In 2022, Fanatics, Inc. CEO Michael G. Rubin sold a 10% equity stake in HBSE to David J. Adelman to avoid a conflict of interest regarding Fanatics' growing sports betting business and player partnerships.[10][11]

Brands

References
  1. "Josh Harris & David Blitzer announce formation of HBSE". NBA.com. Retrieved March 22, 2023.
  2. Heitner, Darren. "Owners Of 76ers, Devils, 49ers And CAA Partner In New Sports Business". Forbes. Retrieved October 7, 2020.
  3. "David Abrams Named Head of Investments at Harris Blitzer Sports & Entertainment". www.sporttechie.com. Retrieved October 7, 2020.
  4. "HBSE flexing its financial muscle thanks to appointment of head of investments". SportBusiness. February 25, 2020. Retrieved October 7, 2020.
  5. Pompey, Keith (September 16, 2020). "Germantown's David Gould named chief diversity and impact officer for HBSE". Inquirer. Retrieved October 27, 2020.{{cite web}}: CS1 maint: url-status (link)
  6. "Sixers parent company commits $20 million to fight systemic racism and championing equality". The Philadelphia Inquirer. August 17, 2020. Retrieved September 24, 2020.{{cite web}}: CS1 maint: url-status (link)
  7. "BLOG: HBSE Gives Back to Community". NHL.com. Retrieved October 20, 2020.
  8. Pompey, Keith (April 2, 2020). "Sixers partners Josh Harris, David Blitzer make donations to Children's Hospital of Philadelphia, Camden's Cooper University Health Care". The Philadelphia Inquirer. Retrieved October 20, 2020.{{cite web}}: CS1 maint: url-status (link)
  9. "HARRIS BLITZER SPORTS & ENTERTAINMENT NAMES THADDEUS 'TAD' BROWN CHIEF EXECUTIVE OFFICER". HBSE. July 12, 2021. Retrieved July 12, 2021.
  10. Wojnarowski, Adrian (June 22, 2022). "Fanatics CEO Michael Rubin selling stake in company that owns Philadelphia 76ers, New Jersey Devils". ESPN. Retrieved June 23, 2022.
  11. Pompey, Keith. "David Adelman purchases share of Michael Rubin's HBSE stake to become Sixers limited partner: 'I'm excited to be involved in a small way'". www.inquirer.com. Retrieved October 23, 2022.
  12. "Ex-Apollo Partner Abrams Joins 76ers Parent as Investment Chief". Bloomberg.com. February 25, 2020. Retrieved October 20, 2020.
  13. Hermann, Adam (June 6, 2019). "76ers owners Harris Blitzer acquire esports' Clutch Gaming for reported $30 million". www.phillyvoice.com. Retrieved October 20, 2020.{{cite web}}: CS1 maint: url-status (link)
  14. "76ers owners appoint investment chief for esports and other ventures". VentureBeat. February 25, 2020. Retrieved October 20, 2020.
  15. Jackson, Eric. "Harris, Blitzer Buy Ripken Baseball in Cooperstown Merger". Yahoo. Retrieved April 8, 2023.
  16. Heitner, Darren. "Owners Of 76ers, Devils, 49ers And CAA Partner In New Sports Business". Forbes. Retrieved October 20, 2020.
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