76ers & Devils Co-Owner David Blitzer Buys Stake In Cleveland Guardians

NBA: Philadelphia 76ers-Barkley Statue
Sep 13, 2019; Philadelphia, PA, USA; Philadelphia 76ers managing partner David Blitzer speaks at the podium during the sculpture unveiling ceremony honoring Charles Barkley at the Philadelphia 76ers Training Complex. Mandatory Credit: Bill Streicher-USA TODAY Sports

According to various sources, Major League Baseball recently approved the sale of a minority investment in the Cleveland Guardians to David Blitzer. Blitzer also owns shares in the Philadelphia 76ers and New Jersey Devils.

According to rumors, Blitzer will have a 25-30% ownership position at first, with the option to grow his stake to a controlling interest in several years.

NJ.com has more here.