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Commander in Washington The Josh Harris (L) is signed by the commander’s helmet, while the Washington DC mayor Muriel Bowser (C) and NFL Commissioner Roger Goodell (R) during the Conference on the Construction of New Commanders in Washington, 28. April 2025
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During the last decade, private capital investor Josh Harris built one of the greatest conglomers in sports.
Harris Blitzer Sports & Entertainment, which is tight Abolished Executive David Blitzer 2017 year, owner of most roles in many of the world’s most valuable sports leagues. This includes roles in NFLs Washington Commander, Philadelphia NBA 76ers, NHL’s new jersey jersey and the Crystal Palace of Prime Minister. Earlier this year, a group She paid a franchise franchise of $ 250 million For the PHILADELPHIA VNBA expansion team, it is expected to start playing 2030. years.
It quickly made HBSE one of the most valuable sports ownership groups in the world. In fact, it’s in third place CNBCs 2025 The most valuable list of sports emperor to a value of $ 14.58 billion.
But those permanent growing assessments ask the question that Harkens returned to Harris’ time Ekective: Will Hbse, or other sports teams and great propellery, begin to look at public?
“I think” Harris told CNBC Scott Wapner CNBC Sport And a conference for the game ingredients in Santa Monica in Santa Monica on Tuesday.
“When you think about IPOs and sports property that they are more public so far, they are worth more like private property,” Harris said. “You haven’t seen public estimates cross private estimates; therefore people removed to keep them private.”
Madison Square Garden’s Sports property, which includes New York Knicks and Rangers, among the only American sports teams will be owned by public companies.
Harris said that if you look at those cases, “they generally trade under their internal value, and they did not embrace how much we would like.”
One great consideration kept most clubs from public markets, Harris said.
“People are prone to keep them, because in the end as someone who leads the team, you want us to spend to win,” he said. “You want to be able to take a very long-term perspective, and public markets did not always accept that.”
Harris notched a mass victory for the commanders this year, striking A contract with $ 3.7 billion to move the team Since its current Stadium in Landover, Maryland, in Washington, DC, based on Memorial Stadium Robert F. Kennedy.
“We won’t see a profit from that years and years later,” he said.
Most teams, especially in the NFL are intergenerational assets, and leagues opened new ways to collect money. Last year League Voting for approval Select private companies for making minorities in NFL franchises.
Harris said the approach was positive so far.
“Many funds are long-term funds and do not have typical things that private capital usually has, like control,” he said. “It allows owners like me to think very long-term, … they know long term bets, support fans and league growth.”
