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Report: 76ers owners Harris and Blitzer seal Pittsburgh Steelers stake
Getty ImagesHarris and Blitzer's Steelers stake is less than 5%Franchise valued at US$2. 8bn by ForbesPair will be passive investors in team; have no say in operationsPrivate equity investors Joshua Harris and David Blitzer have made a move into the National Football League (NFL) by acquiring a minority stake in the Pittsburgh Steelers, according to Bloomberg. The industry outlet reports that the billionaire owners of the National Basketball Association’s (NBA) Philadelphia 76ers and New Jersey Devils of the National Hockey League (NHL) have purchased a stake of less than five per cent in the NFL franchise. Forbes’ most recent list of NFL team values gave the Steelers a valuation of US$2. 8 billion, which would place Harris and Blitzer’s investment at around US$140 million. The pair will join as passive investors, Bloomberg said, adding that they will have no input on operations in the Steelers, whose majority owner is the Rooney family.
