In the latest development in the sports investment arena, the final team lineup for the TGL Golf Series has been revealed, with David Blitzer and golf icon Tiger Woods announced as co-investors. Woods is set to play for the newly christened Jupiter Links Golf Club, adding another dimension to his storied career.
American businessman David Blitzer, renowned for his strategic investments across various sports, boasts a formidable net worth of approximately $2.2 billion, as reported by Forbes.com. At the helm of Blackstone's tactical opportunities group, Blitzer’s extensive portfolio, predominantly consisting of stakes in prominent sports franchises, constitutes the bulk of his wealth.
Blitzer's influence spans the sports world, holding ownership in the Premier League's Crystal Palace, the NHL's New Jersey Devils, the NBA's Philadelphia 76ers, and the MLB's Cleveland Guardians. His latest venture into the golfing sector marks a significant expansion of his investment footprint.
The innovative TGL series, a brainchild of Tiger Woods and Rory McIlroy, introduces a virtual golf experience featuring six teams backed by various investors. While McIlroy aligns with Boston Common Golf, Woods will represent Jupiter Links GC, his hometown’s tribute in the competition.
Expressing his enthusiasm, Woods shared, "I am thrilled to not only compete but to also hold ownership in the TGL team representing Jupiter. Jupiter Links GC will reflect the vibrant golf culture of my local community as we vie for supremacy against the world’s elite." Below is the roster of TGL team investors:
- Atlanta Drive GC: Arthur Blank
- Boston Common Golf: Fenway Sports Group
- Jupiter Links Golf Club: Tiger Woods and David Blitzer
- Los Angeles Golf Club: Alexis Ohanian (principal investor), alongside Venus and Serena Williams
- TGL New York: Steve Cohen
- TGL San Francisco: Marc Lasry and Stephen Curry
All About David Biltzer
Blitzer's foray into golf underscores his unique status as the first individual to invest across five major US sports leagues: NFL, MLB, NHL, NBA, and MLS.
A brief profile on David Blitzer reveals his New Jersey roots and his educational journey culminating with a degree from the University of Pennsylvania. Following his academic success, he swiftly climbed the ranks to become Senior Managing Director and Head of Tactical Opportunities at Blackstone Group.
Blitzer, an ardent sports enthusiast, reminisced in an interview with the New York Business Journal about the allure of team ownership, "As a lifelong fan, the prospect of owning a sports team has always been a fascinating dream." Blitzer's investment saga began in 2011 with a $280 million acquisition of the Philadelphia 76ers.
In partnership with Joshua Harris, he then procured the New Jersey Devils in 2013 for an estimated $320 million. His subsequent investments included a stake in Crystal Palace in 2015 and a 5% share in the Pittsburgh Steelers in 2020.
Earlier this year, Blitzer further expanded his NBA portfolio, underscoring his deep-rooted passion for sports and strategic business acumen.