Harris Blitzer Sports & Entertainment has become a new minority investor in JoeGibbsRacing's NASCAR team.
Harris Blitzer Sports & Entertainment has become a new minority investor in Joe Gibbs Racing which in turn will give team owner Joe Gibbs limited partnership in that group’s other professional sports franchises.said the “significant investment from HBSE and Arctos Partners “aims to support Coach Gibbs’ vision for the growth of JGR as a family company and as a continued leader in NASCAR.”
The group owns the NHL’s New Jersey Devils and NBA’s Philadelphia 76ers. It also is in the process of acquiring the NFL’s Washington Commanders, which should become official this summer.“Josh Harris, David Blitzer and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer and youth sports,” said Gibbs.
JGR was founded in 1992 by Gibbs, the former Pro Football Hall of Fame coach of the then-Washington Redskins. The team captured its first win in NASCAR Cup competition in the 1993 Daytona 500.
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