Sunday, January 23, 2022

Guardians owner Paul Dolan set to sell large minority stake of franchise to David Blitzer, per report

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The Cleveland Guardians could be on the verge of adding a new minority owner. Sportico reported Monday that Guardians owner Paul Dolan is in the process of selling nearly 35 percent of the ownership to David Blitzer. Dolan issued the following statement to cleveland.com

“While I can confirm meaningful discussions with David Blitzer about purchasing a minority ownership interest in the Cleveland Guardians, we can’t comment any further.”  

It does sound like substantial movement here. 

Blitzer, 52, also has an ownership stake in the New Jersey Devils in the NHL, the Philadelphia 76ers in the NBA, several soccer teams and even Triple-A’s Scranton Wilkes-Barre RailRiders (the Yankees affiliate). 

The Dolan family has been looking for a new minority owner since former part-owner John Sherman in 2019 ended up being part of a group to purchase the Royals. We’re heard from the Guardians ownership group for years that it is either losing money or not making enough money at various times. 

Only the Pirates and Orioles right now have lower projected opening-day payrolls than the Guardians ($46.6 million) for the 2022 season. Obviously there can still be changes before the season starts, but that includes the possibility that they trade someone like Jose Ramirez instead of actually adding big-league talent. 

Perhaps the addition of Blitzer will make a bigger payroll a bit more palatable for Dolan, even if we don’t immediately see a change. 

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