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Josh Harris and David Blitzer Reportedly “Exploring Purchase” of New York Mets
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Sportico is a new site that was launched back in April by Penske Media Corporation, which is Rolling Stone’s parent company. Rolling Stone the magazine, not the British rock and roll band.
One of their guys, Scott Soshnick, is reporting today that Sixers owners Josh Harris and David Blitzer are exploring a purchase of the New York Mets, who totally stink.
Josh Harris, the billionaire co-founder of Apollo Global Management, and David Blitzer, an executive at private equity firm Blackstone, are among the suitors for the New York Mets, according to people familiar with the matter.
The Mets have retained Steve Greenberg at Allen & Co. to oversee the sale process.
Greenberg declined to comment, as did a spokeswoman for Harris. Talks are still in the early stages, said one of the people, who was granted anonymity because the matter is private.
The Mets, controlled by the Wilpon family, in December said they were in negotiations to sell up to 80% of the team to hedge fund titan Steve Cohen at a valuation of $2.6 billion. Terms of that deal allowed for the Mets to retain control of the club for five years.
Harris Blitzer Sports and Entertainment owns the Sixers, Devils, Prudential Center, and a couple of other teams. They still technically own Crystal Palace in the English Premier League, but put the team up for sale last year. No clue what’s going on with that, but they’ve still got a ton of money in the bank whether they sell Palace or not.
The article goes on to say that the Mets lose $50 million annually, which is something you just hate to see.
Kevin has been writing about Philadelphia sports since 2009. He spent seven years in the CBS 3 sports department and started with the Union during the team's 2010 inaugural season. He went to the academic powerhouses of Boyertown High School and West Virginia University. email - k.kinkead@sportradar.com