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The ownership group that manages the Philadelphia 76ers, New Jersey Devils and English Premier League’s Crystal Palace FC created a new organization called Harris Blitzer Sports and Entertainment, and it will focus on acquiring sports franchises, sports venues and sports and entertainment properties.

Harris Blitzer Sports and Entertainment is managed by Josh Harris and David Blitzer, and HBSE also owns Prudential Center, e-sports franchise Team Dignitas, the Sixers Innovation Lab, the G-League’s Delaware 87ers, the American Hockey League’s Binghamton Devils and the soon-to-open East Coast home of the Grammy Museum.

“We take pride in hiring the best and brightest talent from a variety of backgrounds and industries with the goal of shaping a well-rounded, dynamic organization,” Blitzer said in a statement. “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.”

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Harris and Blitzer, who made their fortune in investment firms and private equity, and Scott O’Neil says they will bring their business approach to this venture.

O’Neil, who has been named CEO of HBSE and will continue as CEO of the 76ers, Devils and Prudential Center, said, “If you look at these how these big private equity firms have built their businesses, it’s the same values: have a passion for the business, have a great management team and then search for real opportunity. They have big eyes, and they are smart and talented, and we have an opportunity to do something special in this business.

“Harris and Blitzer see the value in content in sports and entertainment, and it’s exploding.”

O’Neil, a longtime NBA executive, also will oversee team and sports property acquisitions, and HBSE has an aggressive approach that also will look for international opportunities while streamlining business operations.

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