The Pittsburgh Steelers have at least two more minority owners. According to Bloomberg, Philadelphia 76ers co-owners Josh Harris and David Blitzer bought a stake in the Steelers at “less than 5%.” While no official price has been made public, Bloomberg estimates it to cost around $140 million.
From the article, it appears these two are no strangers to investing in sports.
“The deal opens a new chapter for Harris and Blitzer, two of Wall Street’s more prolific investors in professional sports. In addition to the 76ers and Devils, they own Newark’s Prudential Center and the Crystal Palace soccer club of the English Premier League.