Current Ownership Structure of the Philadelphia 76ers
The Philadelphia 76ers are controlled by Harris Blitzer Sports & Entertainment, a holding company co-founded by Josh Harris and David Blitzer. Harris serves as the controlling owner and chairman of the franchise, while Blitzer holds a significant minority stake and serves as co-chairman. The group operates the team from its headquarters in Camden, New Jersey, managing basketball operations, marketing, and venue partnerships under a unified ownership model.Learn more about the ownership group.
Josh Harris, born in 1964, built his wealth through private equity, founding Apollo Global Management and later launching Harris Blitzer Sports & Entertainment. David Blitzer, born in 1969, is a senior managing director at Blackstone and a co-founder of the ownership entity. Together, the pair acquired the 76ers in 2011 from a previous ownership group, paying a reported $280 million at the time of the transaction, a figure that established the franchise valuation baseline for subsequent years.
Net Worth and Financial Profile of the Principal Owners
As of the latest Forbes estimates, Josh Harris has a net worth exceeding $8 billion, driven by his stakes in Apollo Global Management, the 76ers, the New Jersey Devils, and the Washington Commanders. David Blitzer's net worth is estimated at over $3 billion, derived from his role at Blackstone and his diversified sports portfolio, which also includes a stake in Crystal Palace Football Club in England.View Josh Harris on Forbes.
The 76ers franchise valuation has grown substantially since the acquisition, reaching an estimated $3.3 billion in recent Forbes rankings, placing the team among the top 20 most valuable NBA franchises. Revenue streams include national and local television deals, ticket sales from the Wells Fargo Center, sponsorship agreements, and merchandise licensing. The ownership group reinvests profits into player acquisitions, arena upgrades, and business operations, with financial disclosures filed through the NBA's collective bargaining framework and relevant regulatory bodies.
Business Operations and Strategic Investments
Harris Blitzer Sports & Entertainment Portfolio
Harris Blitzer Sports & Entertainment manages a portfolio of sports assets beyond the 76ers, including the National Hockey League's New Jersey Devils and a stake in the MLS club NYCFC. The holding company also oversees the operations of the Prudential Center in Newark and the Wells Fargo Center in Philadelphia, generating income from event hosting, premium seating, and concessions.Review SEC filings for related entities.
Recent Facility and Technology Investments
The ownership group has directed capital toward modernizing the team's practice facilities and integrating advanced analytics into player performance tracking. Investments in data infrastructure and sports science platforms aim to improve roster construction and in-game decision-making, aligning with broader trends in NBA front offices. These initiatives are funded through the holding company's operating budget and are separate from the league's shared media revenue distribution model.
Community and Sponsorship Partnerships
The 76ers organization maintains corporate sponsorship deals with companies in finance, technology, and consumer goods, leveraging the Harris Blitzer brand to attract regional and national partners. Community investment programs focus on youth athletics, education, and economic development in the Philadelphia metropolitan area, with spending tracked through annual