At a glance
- The Ilitch family owns the Detroit Tigers and Detroit Red Wings.
- David Blitzer, who built his fortune at Blackstone and led its global Tactical Opportunities group, co-founded Harris Blitzer Sports & Entertainment, owner of the Philadelphia 76ers and New Jersey Devils.
- Stephen Pagliuca, a Bain Capital co-chairman and Boston Celtics co-owner for more than two decades, extended his sports portfolio in 2022.
The Johnson Company owns the New York Jets. The Ilitch family owns the Detroit Tigers and Detroit Red Wings. Both are among five US single-family offices profiled in a Nov. 6 review of families that list sports among their sources of wealth.
David Blitzer, who built his fortune at Blackstone and led its global Tactical Opportunities group, co-founded Harris Blitzer Sports & Entertainment, owner of the Philadelphia 76ers and New Jersey Devils.
Stephen Pagliuca, a Bain Capital co-chairman and Boston Celtics co-owner for more than two decades, extended his sports portfolio in 2022.
Advisors can match the team owners to the operating businesses behind them: Little Caesars for Ilitch, Blackstone for Blitzer and Bain Capital for Pagliuca. Ilitch's fortune began with a single pizza shop in 1959, and the office invests through real estate and direct deals across food service, sports and entertainment, mostly in metro Detroit. The review said franchises are scarce assets that have historically held value through cycles and suit family capital's long horizons.
Reported by the Direct & Co-Investments desk from FINTRX. Published . Corrections