This hit the inbox on Tuesday, but I admittedly glossed over it once I saw the word “NASCAR” –

Huntersville, N.C. – June 20, 2023 – Today Joe Gibbs Racing (JGR) announced it has received a significant investment from Harris Blitzer Sports & Entertainment (HBSE) and Arctos Partners. The minority investment aims to support Coach Gibbs’ vision for the growth of JGR as a family company and as a continued leader in NASCAR. Through the investment, Joe Gibbs will also become a limited partner in Harris Blitzer Sports & Entertainment pending approval by the NBA and the NHL.  


“In recent years I’ve been fortunate enough to get to know Coach Gibbs and am proud to count him as a trusted friend and advisor,” said HBSE’s Co-Founder Josh Harris. “Joe is a winner. First in football and then with Joe Gibbs Racing, he has led organizations that build winning cultures based on strong values and a deep commitment to family and faith. This investment and partnership aims to support his vision and allow Joe Gibbs Racing to continue its track record of excellence long into the future.” 

JGR’s team includes guys like Denny Hamlin and Martin Truex Jr. We’ll have to get them to the Wells Fargo Center to ring the Sixers bell. Nobody drives around in circles like they do.

So what does this mean for Philly sports fans? Not much, admittedly. It just means that Joe Gibbs is now a limited partner in Harris Blitzer Sports and Entertainment, i.e. Josh Harris brought a dirty Washington Commie into the fold. Perhaps that is apropos since he just bought the Commies.

HBSE is continually expanding the portfolio, so nobody should be surprised by the Joe Gibbs thing. They now have the Sixers, Devils, Prudential Center, Blue Coats, some minor league hockey teams, Team Dignitas, a portion of Joe Gibbs Racing, and some non-sports shit. The Commies’ bid included non-HBSE partners, so that’s technically a side thing. Same with Crystal Palace and Blitzer’s stake in Real Salt Lake. Not all of their investments fall under the HBSE umbrella, if that makes sense. They aren’t the primary/managing partner for all of these teams.