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Harris and fellow investors own other sports franchises, including the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. He is a Chevy Chase, Maryland, native who says he grew up as a fan of the Washington team.
Harris, who is a majority owner of the NBA's Philadelphia 76ers and NHL's New Jersey Devils, is partnering with NBA legend Magic Johnson and Mitch Rales, a longtime business partner. The deal comes amid calls for more Black ownership of NFL teams. "I could not be more excited to be a partner in the proposed new ownership group for the Washington Commanders," Johnson tweeted on Friday. "Josh Harris has assembled an amazing group who share a commitment to not only doing great things on the field but to making a real impact in the DMV community. I'm so excited to get to work on executing our vision for the Commanders and our loyal fanbase!"
To buy the Commanders, Apostolopoulos will need to outbid a group led by Josh Harris, co-founder of Apollo Global Management, one of the world’s largest alternative asset funds. Harris already owns the National Basketball Association’s Philadelphia 76ers and a stake in the National Hockey League’s New Jersey Devils and is worth an estimated US$7-billion.
Earvin "Magic" Johnson has joined a group led by Josh Harris bidding to own the Washington Commanders, sources confirmed to ESPN on Monday. Johnson, the Basketball Hall of Famer and part owner of the Los Angeles Dodgers, was part of the Harris group when it failed to land the Denver Broncos last summer. Harris also owns the NBA's Philadelphia 76ers and the NHL's New Jersey Devils.
Magic Johnson joins 76ers owner Josh Harris in bid for Washington Commanders
Earvin “Magic” Johnson has joined the bidding for the Washington Commanders as part of a group led by 76ers and Devils co-owner Josh Harris, according multiple people familiar with negotiations. The former NBA star and notable sports investor was also part of Harris’s failed bid for the NFL’s Denver Broncos last year. He is providing both money and expertise to the Commanders bid, said the people, who were granted anonymity because the details are private.
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Rockets owner Tilman Fertitta bids on NFL's Washington Commanders
Tilman Fertitta, the billionaire business executive who owns the NBA’s Houston Rockets, is involved in the bidding for the Washington Commanders, two people familiar with the situation said Saturday. Fertitta joins a group of prospective buyers that includes Josh Harris, owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils, and Amazon founder Jeff Bezos.
Madison Square Garden (MSG) Entertainment is delaying the launch of a planned direct-to-consumer (DTC) version of its MSG Network regional sports network (RSN) until the start of the 2023/24 National Basketball Association (NBA) and National Hockey League (NHL) seasons. MSG Network, which has the local rights to the NBA’s New York Knicks and the NHL’s New York Rangers, New York Islanders and New Jersey Devils, had originally planned to go live for the final few months of each team’s current campaign.
Michael Rubin to sell 10% share of 76ers ownership
Entrepreneur Michael Rubin is selling his 10 percent share in Harris Blitzer Sports Entertainment — which owns the Philadelphia 76ers and New Jersey Devils — as his sports retail behemoth Fanatics reaches new athlete deals and begins a new gambling and betting division that interfere with the leagues’ team ownership rules.
Harris Blitzer Sports & Entertainment has sold a stake in the company to Arctos Sports Partners, reportedly valuing the owner of the Philadelphia 76ers and New Jersey Devils at $3 billion. The deal allows Arctos — a private equity investor that has raised at least $5 billion across multiple funds — to purchase more than a 5% stake in HBSE over an undisclosed period.
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Hugh Weber is stepping down as president of Harris Blitzer Sports & Entertainment, the parent company of the Philadelphia 76ers, New Jersey Devils and Prudential Center. Weber spent nine years at the organization, first as president of both the Devils and the arena, and for the last three years as group-wide president. The news comes four days after the 76ers’ season ended in Eastern Conference semifinals.
76ers owner in bid for NFL's Denver Broncos
A group led by 76ers and Devils co-owner Josh Harris and a group led by Los Angeles Dodgers investor Todd Boehly have also submitted initial offers for the Denver Broncos, said the person, who was granted anonymity because the process is private. All will have in-person meetings with Broncos leadership at the beginning of May.
Harris Blitzer Sports & Entertainment (HBSE) Co-Founders Josh Harris and David Blitzer announced today that Thaddeus “Tad” Brown has been named Chief Executive Officer. In his role as CEO, Brown will oversee all business and growth functions for the HBSE brand and its properties, including the Philadelphia 76ers, New Jersey Devils and Prudential Center. Brown begins with the organization on Tuesday, Aug. 3.
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