How Blackstone’s David Blitzer Invested in Every Major Sport | The Deal

In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with David Blitzer, Blackstone’s chairman and the co-founder of Harris Blitzer Sports & Entertainment, about how his teams use data and analytics to improve fan experience. In this conversation, which was taped in front of an audience at the MIT Sloan Sports Analytics Conference, Blitzer tells the hosts how a “failed athlete” came to be the first person to own teams in all five major American sports leagues, what he’s doing to invest in the “massively fragmented” world of youth sports and why having a favorite sports team is like having a favorite child. Listen to The Deal on Apple Podcasts, Spotify, iHeart, Bloomberg Carplay, or wherever you get your podcasts. You can also watch The Deal on Bloomberg Originals and Bloomberg TV. 00:00 - 02:38 Intro 02:38 - 07:19 How David got into sports investing 07:19 - 11:10 David’s investment thesis 11:10 - 16:02 Why own stakes across so many leagues 16:02 - 21:39 How David uses data analytics 21:39 - 28:21 How baseball can grow 29:03 - 35:45 Women’s sports & niche leagues 35:45 - 39:32 Youth sports 39:32 - 43:49 Rapid fire 43:49 - 44:30 Credits -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global