Harris Blitzer Sports & Entertainment

What teams does HBSE own?
HBSE owns the Philadelphia 76ers (NBA), New Jersey Devils (NHL), Delaware Blue Coats (NBA G League), and Utica Comets (AHL). In June 2025, HBSE was awarded a Philadelphia WNBA expansion team for a $250 million franchise fee, with play beginning in 2030. The company also holds minority stakes in Crystal Palace (Premier League) and Joe Gibbs Racing (NASCAR).

Who owns Harris Blitzer Sports & Entertainment?
HBSE is privately owned by Josh Harris and David Blitzer. Harris is a co-founder of Apollo Global Management and Blitzer is a senior managing director at Blackstone Group. A group of limited partners holds minority stakes, including David Adelman, Art Wrubel, Jason Levien, and others.

How much is HBSE worth?
CNBC valued HBSE at $14.58 billion in July 2025, ranking it third on its 2025 Most Valuable Sports Empires list. The valuation reflects the aggregate value of the company's sports franchise holdings, venue operations, and investment portfolio.

Does Josh Harris own the Washington Commanders through HBSE?
No. Josh Harris acquired the Washington Commanders in 2023 for approximately $6.05 billion through a separate ownership group, not through HBSE. However, HBSE does manage non-NFL events at Northwest Stadium, the Commanders' home venue in Landover, Maryland.

Is HBSE publicly traded?
No. HBSE is a privately held company with no plans for an initial public offering. In September 2025, Josh Harris stated at CNBC's Game Plan conference that sports assets trade below their intrinsic value in public markets, making private ownership preferable.

Who is the CEO of HBSE?
Tad Brown serves as CEO of Harris Blitzer Sports & Entertainment. Bob Myers, former general manager of the Golden State Warriors, was named company president in October 2025.

How much did Harris and Blitzer pay for the 76ers?
Josh Harris and David Blitzer led an investment group that purchased the Philadelphia 76ers from Comcast Spectacor in 2011 for approximately $280 million. The franchise's value has increased substantially since the acquisition based on NBA franchise valuation trends.

What arena do the 76ers play in?
The 76ers currently play at the Wells Fargo Center in Philadelphia. In January 2025, HBSE abandoned plans for a downtown arena called 76 Place at Market East and announced a partnership with Comcast Spectacor to build a new arena in the South Philadelphia Sports Complex, expected to open by 2031. The new arena will also host the Philadelphia Flyers and the Philadelphia WNBA team.

The origins of HBSE trace to 2011, when Josh Harris and David Blitzer led an investment group that purchased the Philadelphia 76ers from Comcast Spectacor for approximately $280 million. The acquisition gave Harris and Blitzer their first major professional sports franchise. Harris serves as managing partner and Blitzer as co-managing partner, with additional limited partners including Art Wrubel, Jason Levien, Martin Geller, David Heller, James Lassiter, Marc Leder, and David Adelman.

In 2013, Harris and Blitzer expanded their portfolio by purchasing the New Jersey Devils of the NHL and the operating rights to the Prudential Center, the Devils' home arena in Newark, New Jersey. This acquisition added an NHL franchise and a major entertainment venue to the portfolio.

In 2016, the pair purchased the esports organization Dignitas, entering competitive gaming. HBSE was formally established on September 25, 2017, consolidating the various sports investments and ventures under a single corporate entity. The formation allowed for centralized management, shared services, and coordinated strategy across the portfolio.

In 2018, HBSE partnered with the San Francisco 49ers and Creative Artists Agency to establish Elevate Sports Venture, a consulting firm specializing in event marketing and ticketing. The same year, the company explored bids for the New York Mets and Chelsea Football Club, though both were ultimately sold to other parties.

In 2022, president Hugh Weber left the company. The same year, limited partner and Fanatics CEO Michael Rubin sold his 10% stake to David Adelman to avoid conflicts of interest related to Fanatics' growing sports business.

In 2023, HBSE purchased a minority stake in Joe Gibbs Racing (NASCAR) with Arctos Partners, with founder Joe Gibbs becoming a limited partner of HBSE. Josh Harris separately acquired the NFL's Washington Commanders in 2023 for approximately $6.05 billion, though the Commanders are not part of HBSE's portfolio. HBSE began managing non-NFL events at Northwest Stadium, the Commanders' home venue.

In January 2025, HBSE abandoned plans for 76 Place at Market East, a proposed downtown Philadelphia arena that had received City Council approval in December 2024. Instead, the company announced a partnership with Comcast Spectacor to build a new arena in the South Philadelphia Sports Complex, serving as home for both the 76ers and the NHL's Philadelphia Flyers. The new arena is expected to open by 2031.

In June 2025, the WNBA awarded HBSE a Philadelphia expansion team for a $250 million franchise fee. The team will begin play in 2030 and will share the new South Philadelphia arena with the 76ers and Flyers.

In October 2025, former Golden State Warriors general manager Bob Myers was named company president. Myers had previously served as an advisor to Josh Harris on the Washington Commanders since January 2024.