Josh Harris predicts fewer sports assets will go public as valuations rise.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
0mins
Should l Buy BX?
Source: CNBC
Josh Harris and HBSE's Growth: Josh Harris has co-founded Harris Blitzer Sports & Entertainment (HBSE), which has rapidly become one of the largest sports ownership groups, owning stakes in major leagues like the NFL, NBA, NHL, and Premier League, with a valuation of $14.58 billion.
Public vs. Private Ownership: Harris expressed skepticism about sports teams going public, noting that private valuations have generally been higher and that public markets do not support the long-term spending needed for team success.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 132.900
Low
166.00
Averages
176.60
High
205.00
Current: 132.900
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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