Calling it a vehicle to accelerate growth of their numerous sports and entertainment properties, Prudential Center and New Jersey Devils owners Josh Harris and David Blitzer announced the formation of Harris Blitzer Sports & Entertainment on Monday.
The company’s portfolio also includes the Philadelphia 76ers, the GRAMMY Museum Experience at the Prudential Center, the Sixers Innovation Lab Crafted by Kimball in Camden, two minor-league sports franchises (the Binghamton Devils and the Delaware 87ers) and one esports franchise (Team Dignitas).
HBSE will be led by many of the top officials with the Prudential Center/Devils, including Scott O’Neil, who will serve as CEO, Hugh Weber, who will serve as president, and Brad Shron, who will be general counsel. Adam Davis, the chief revenue officer of the Prudential Center and the Devils, will run the partnership business.
Harris and Blitzer said the move is a signal toward continued growth.
“We believe this endeavor allows us to continue to grow strategically and innovatively,” Harris said in a release.
Blitzer said HBSE will bring the top people in all of their holdings together to work toward a common goal.
“HBSE provides a unique opportunity to harness the power of our talented management team and our shared resources to fuel growth and expansion, and a means to accelerate and sustain long-term success,” he said.
O’Neil said HBSE will serve as another example of the group reacts to the marketplace differently.
“Our growth mindset, coupled with our focus on leveraging our access, reach and resources to make our communities stronger, continues to differentiate us in the landscape of sports and entertainment,” he said. “This commitment to growth, which started with the acquisition of the Philadelphia 76ers, has quickly emerged as a growing and dynamic sports and entertainment company. The formation of HBSE is a signal that this is just the beginning to an incredible future.”
“We take great pride in the work we’ve done across our properties in recent years, and believe our newfound alignment as Harris Blitzer Sports & Entertainment will serve as the launch point for future success and opportunity,” he said. “We’re looking forward to solidifying a model of growth in our businesses that produces leaders and innovators in sports and entertainment and leaves a meaningful legacy in the communities we serve.”