David Blitzer to acquire a 25% stake in Cleveland, with an eventual path to majority ownership.

David Blitzer, a global sports and entertainment investor, agreed to acquire a 25% stake in Cleveland, with an eventual path to majority ownership. Terms of the deal include an option for Blitzer to become the majority owner in up to six years. Financial terms were not disclosed. “I am very excited about bringing on David Blitzer and his group as our partners. David brings a wealth of experience in the sports industry that we believe will be a complementary addition to our organization. I look forward to collaborating with David for years to come to achieve our goal of winning a World Series,” Paul Dolan, Cleveland Guardians CEO.