Major League Baseball has approved David Blitzer as a new minority owner of the Cleveland Guardians, according to multiple reports.
The Athletic's Zack Meisel reports that the 52-year-old New York-based businessman is "expected to initially own 25 to 30 percent of the team, with an eventual pathway to majority ownership."
Blitzer also has minority stakes in the New Jersey Devils, Philadelphia 76ers, Pittsburgh Steelers and Real Salt Lake. Thursday's deal makes him the first individual ever to own equity in all five major sports leagues in the United States. Blitzer also owns stakes in six overseas soccer teams.