Josh Harris and David Blitzer take being team owners to a different level.
The duo made a minority investment in the Pittsburgh Steelers earlier this year, a source familiar with the situation confirmed Monday morning. Bloomberg first reported the news.
No details are available. Bloomberg reported that Harris and Blitzer may have paid as much as $140 million for their less-than-5% stake in the NFL franchise, basing that on the $2.8 billion value Forbes estimated for the Steelers last September.
This a personal investment for Harris and Blitzer, separate from Harris Blitzer Sports and Entertainment. A spokesperson for Harris and Blitzer declined to comment.
This purchase gives the duo a stake in four major professional sports leagues.
In addition to the 76ers, the cochairmen of Harris Blitzer Sports and Entertainment own the New Jersey Devils of the NHL and Crystal Palace of the English Premier League, in addition to Newark’s Prudential Center. They’re also interested in purchasing Major League Baseball’s New York Mets.
In Philadelphia, Harris is known as the Sixers’ managing partner, while Blitzer is listed as the co-managing partner.