Billionaire David Blitzer has officially joined the Cleveland Guardians as a minority owner and eventually will take control of the ballclub. The team announced Blitzer’s agreement with the franchise, the final step in him taking a minority stake in the team. Blitzer also has ownership stakes in the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. It’s believed Blitzer initially will have 25-30% ownership and will have the right to increase his stake to a controlling interest in several years.
Billionaire joins Guardians as minority owner, with 25-30% stake of team
