Art Wrubel

Last updated
Art Wrubel
Born
Arthur Mitchell Wrubel

1965 (age 58–59)
NationalityAmerican
EducationB.S. University of Pennsylvania
OccupationPrivate equity investor
Known forFounder of Wesley Capital Management
Minority owner of the Philadelphia 76ers

Arthur Mitchell Wrubel (born 1965) is an American private equity investor who founded Wesley Capital Management, LLC and is a minority owner of the Philadelphia 76ers of the National Basketball Association. [1]

Contents

Early life and education

Wrubel was born to a Jewish family, the son of Marcia Kay (née Pinkus) and Richard Isaac Wrubel. [2] His family operated the Wrubels department store in Middletown, Connecticut, founded by his great-grandparents, Regina (née Glasscheib) and Isaac Wrubel. [3] His great-uncle was composer and songwriter Allie Wrubel. In 1983, Wrubel graduated from Xavier High School in Middletown [4] and in 1987, he graduated with a B.S. in economics from the Wharton School at the University of Pennsylvania [1] where he was a member of the Sigma Alpha Mu fraternity. [5]

Career

After school, he worked for Chicago-based JMB Realty as an associate in their acquisition group. In 1993, he took a job with Dickstein & Co. where he focused in real estate, asset backed securities, and real estate corporate restructurings [1] and was involved in some of the largest real estate restructurings including those of including Olympia & York, Cadillac Fairview, Rockefeller Center Properties, Bramalea, and Trizec Properties. [6] In 2001, he ventured out on his own and founded Wesley Capital Management, LLC, [1] a real estate focused hedge fund. [7] Wrubel is a member of an investment group that won a $280 million bid for the purchase of the Philadelphia 76ers from Comcast Spectacor in 2011. The other members of the investment group are: Josh Harris, managing partner of the group and co-founder of private equity firm Apollo Global Management and David Blitzer of the private equity firm Blackstone Group, both fellow Wharton School of the University of Pennsylvania graduates, [8] as well as former NBA agent and Sacramento Kings executive Jason Levien, former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. [9] Comcast-Spectacor and Harris began talks in the summer of 2011. The deal was announced on July 13, 2011. [10] The NBA formally approved the deal on October 13. [11]

Additional affiliations and memberships

Wrubel is a member of the Board of Advisors at Mount Sinai Hospital’s, on the board of trustees at the Jewish Museum in Manhattan, and is on the Wharton Undergraduate Board at the University of Pennsylvania. Wrubel is also on the advisory board of Maxim Capital Group. [1] [6] He and his wife are strong supporters of the Jonah Maccabee Foundation, which provides grants to organizations that provide charity, promote music, or support Jewish causes. [12]

Personal life

He is married to Melanie Bloom. [13]

Related Research Articles

<span class="mw-page-title-main">Wells Fargo Center (Philadelphia)</span> Multi-purpose arena in Pennsylvania, US

The Wells Fargo Center is a multi-purpose indoor arena located in Philadelphia. It serves as the home of the Philadelphia Flyers of the National Hockey League (NHL), the Philadelphia 76ers of the National Basketball Association (NBA), and the Philadelphia Wings of the National Lacrosse League (NLL). The arena lies at the southwest corner of the South Philadelphia Sports Complex, which includes Lincoln Financial Field, Citizens Bank Park, and Xfinity Live!.

<span class="mw-page-title-main">NBC Sports Regional Networks</span> Group of regional sports networks in the United States

NBC Sports Regional Networks is the collective name for a group of regional sports networks in the United States that are primarily owned and operated by the NBCUniversal division of the cable television company Comcast. The networks were originally established as Comcast SportsNet (CSN), a unit of Comcast's cable television business, beginning with a network in Philadelphia which launched in 1997. Their operations were aligned with the national NBC Sports division following the 2011 acquisition of NBCUniversal by Comcast. NBC Sports Regional Networks' business and master control operations are based in Englewood Cliffs, NJ.

<span class="mw-page-title-main">PRISM (TV channel)</span> Cable channel based in Philadelphia (1976–1997)

PRISM was an American regional premium cable television channel in the Philadelphia metropolitan area. Launched in September 1976, PRISM was primarily distributed through area cable systems, although it was also available through a scrambled over-the-air signal on WWSG-TV from 1983 to 1985.

<span class="mw-page-title-main">Ed Snider</span> American sports executive (1933-2016)

Edward Malcolm Snider was an American business executive. He was the chairman of Comcast Spectacor, a Philadelphia-based sports and entertainment company that owns the Philadelphia Flyers of the National Hockey League; the Wells Fargo Center; the regional sports network Comcast SportsNet; and Global Spectrum, an international facilities management company. He formerly owned the Philadelphia 76ers of the National Basketball Association, and ran the Philadelphia Eagles of the National Football League for a few years in the 1960s.

<span class="mw-page-title-main">Brian L. Roberts</span> American billionaire businessman

Brian L. Roberts is an American billionaire businessman, and the chairman and CEO of Comcast, an American company providing cable, entertainment, and communications products and services which was founded by his father, Ralph J. Roberts.

Comcast Spectacor is an American sports and entertainment company based in Philadelphia, Pennsylvania. It owns the Philadelphia Flyers of the National Hockey League, the Philadelphia Wings of the National Lacrosse League, the Seoul Infernal of the Overwatch League, and formerly owned the Philadelphia 76ers of the National Basketball Association and the Maine Mariners of the ECHL. The company owns and manages the Wells Fargo Center and formerly managed the Spectrum in South Philadelphia, plus several community skating rinks in the Philadelphia region. The Comcast SportsNet (CSN) regional sports networks were also owned by Comcast Spectacor prior to parent company Comcast's acquisition of NBCUniversal in January 2011; CSN is now operated through NBC Sports.

SportsChannel Philadelphia was an American regional sports network owned as a joint venture between Rainbow Sports, a unit of the Rainbow Media subsidiary of Cablevision Systems Corporation, and NBC, and operated as an affiliate of SportsChannel. Operating as a sister network of the premium service PRISM and headquartered in Bala Cynwyd, Pennsylvania, the channel provided regional coverage of sports events involving professional sports teams based in the Philadelphia metropolitan area, and college and high school sports events throughout the Delaware Valley region.

Julian A. Brodsky is an American businessman, the co-founder of Comcast Corporation and served as its chief financial officer and vice chairman. He also served as co-founder and chair of Comcast Interactive Capital, Comcast's venture capital unit now called Comcast Ventures.

NBC Sports Philadelphia is an American regional sports network owned by the NBC Sports Group unit of NBCUniversal, which in turn is owned by locally based cable television provider Comcast, and the Philadelphia Phillies. It is the flagship owned-and-operated outlet of NBC Sports Regional Networks. The channel broadcasts regional coverage of professional sports teams in the Philadelphia metropolitan area, as well as college sports events and original sports-related news, discussion and entertainment programming.

Harold Katz is an American entrepreneur from the Greater Philadelphia area.

<span class="mw-page-title-main">Michael Rubin (businessman)</span> American businessman (born 1972)

Michael Gary Rubin is an American businessman. He is the founder and CEO of Fanatics, a global digital sports platform that consists of several businesses, including licensed sports merchandise, trading cards and collectibles, sports betting and iGaming, special events, and live commerce. He is a board member of Rue Gilt Groupe, which includes RueLaLa.com, Gilt.com, and ShopPremiumOutlets.com. He previously founded GSI Commerce in 1998, selling it to eBay in 2011 for US$2.4 billion.

<span class="mw-page-title-main">Erick Thohir</span> Indonesian politician and businessman (born 1970)

Erick Thohir is an Indonesian businessman and politician who served as Indonesia's Minister of State Owned Enterprises from 2019 to 2024. He is the chairman of Football Association of Indonesia since 2023 and founder of Mahaka Group, a conglomeration that focuses on media, sports and entertainment. Globally known as the former owner and chairman of Italian football giant Inter Milan and US soccer club D.C. United, Thohir is currently co-owner alongside Anindya Bakrie of English Championship team Oxford United and Liga 1 team Persis Solo along with Kaesang Pangarep, the youngest son of President Joko Widodo. He was also the president director of ANTV television station and the chief of the Indonesian Olympic Committee. In 2019, he became a member of the International Olympic Committee (IOC). Thohir is also currently a member of the FIBA Central Board.

Marc J. Leder is an American businessman who co-founded Sun Capital Partners, a private equity firm based in Boca Raton, Florida. He is also a limited partner of Harris Blitzer Sports & Entertainment, which owns the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, and the Josh Harris Group, which owns Real Salt Lake of the MLS, the English Premier League's Crystal Palace F.C., and the NFL's Washington Commanders.

<span class="mw-page-title-main">Josh Harris (businessman)</span> American investor and sports team owner (born 1964)

Joshua Jordan Harris is an American investor, sports team owner, and philanthropist. He is a co-founder of the private equity firm Apollo Global Management and managing partner of the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and the NFL's Washington Commanders. Harris is also a general partner of the English football club Crystal Palace and holds a minority stake in Joe Gibbs Racing. He has an estimated net worth of around US$9 billion.

David Scott Blitzer is an American investor and sports team owner. He is a senior executive at the private equity firm Blackstone and co-managing partner of the NBA's Philadelphia 76ers and NHL's New Jersey Devils. Blitzer also manages several association football clubs under Global Football Holdings, owns 25% of the MLB's Cleveland Guardians, and is a limited partner of the NFL's Washington Commanders, making him the first person to own team equity in the five major sports leagues of North America.

David B. Heller is an American businessman, former Goldman Sachs executive, and minority owner in the Philadelphia Sixers.

Martin J. Geller is an American businessman and founder of Geller & Company. He is also a limited partner of Harris Blitzer Sports & Entertainment, which owns the Philadelphia 76ers and New Jersey Devils.

Isaac Richman was an American lawyer and sports executive. He was the personal attorney for National Basketball Association player Wilt Chamberlain and a co-owner of the Philadelphia 76ers from 1963 until his death in 1965.

<span class="mw-page-title-main">David J. Adelman</span> American businessman (born 1972)

David J. Adelman is an American businessman and entrepreneur. He is the CEO of Campus Apartments, the Co-Founder and Vice Chairman of FS Investments, and the Founder of Darco Capital Chair. Adelman is also a limited partner of Harris Blitzer Sports & Entertainment, which owns and operates the Philadelphia 76ers and New Jersey Devils. His net worth was estimated by Forbes to be $2 billion in May 2023.

<span class="mw-page-title-main">76 Place at Market East</span> Arena proposal in Philadelphia

76 Place at Market East is a proposed 18,500-capacity indoor arena planned for Center City, Philadelphia as the future home of Philadelphia's National Basketball Association (NBA) team, the Philadelphia 76ers. Planned for a 2031 opening to coincide with the expiration of the team's current lease of the Wells Fargo Center in South Philadelphia, the arena would be located along the north side of Market Street between 10th and 11th Streets, extending to Cuthbert Street, occupying what is now the western third of Fashion District Philadelphia and the defunct Philadelphia Greyhound Terminal.

References

  1. 1 2 3 4 5 Bloomberg: "Arthur Mitchell Wrubel" retrieved May 19, 2015
  2. ↑ "Pinkus—Wrubel". The New York Times . November 1, 1964.
  3. ↑ Hubbard, Robert and Kathleen (April 14, 2014). Legendary Locals of Middletown. Arcadia Publishing. p. 18. ISBN   9781467101202.
  4. ↑ Xavier High School: "Art Wrubel `83 in Partnership to Purchase NBA Team" [ permanent dead link ] July 13, 2011
  5. ↑ Theta Chapter, Sigma Alpha Mu Fraternity Archived 2015-03-06 at the Wayback Machine July 2014 Vol. 1, No. 1
  6. 1 2 Maxim Capital Group: "Advisory Board" retrieved May 19, 2015
  7. ↑ The Pennsylvania Gazette: "Can Some Quakers Save the Sixers" April 2012
  8. ↑ Philadelphia Inquirer: "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success" By Kate Fagan August 02, 2011
  9. ↑ ESPN: "Group led by Joshua Harris completes purchase of Sixers" Archived 2013-10-18 at the Wayback Machine October 18, 2011
  10. ↑ Sale of 76ers to Joshua Harris finished. ESPN, 2011-07-13.
  11. ↑ Group led by Joshua Harris completes purchase of 76ers Archived 2013-10-18 at the Wayback Machine . Philadelphia 76ers, 2011-10-13.
  12. ↑ The Jonah Maccabee Foundation retrieved May 19, 2015
  13. ↑ University of Pennsylvania Bulletin: "Men and Women of Pennsylvania - Arthur M. Wrubel, W'87, and Melanie Bloom Wrubel" retrieved May 19, 2015
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.