David Blitzer has officially joined the Cleveland Guardians as a minority owner and will eventually take control of the club.

Paul Dolan had been looking for a minority investor for several years and ended his search with Blitzer, who also has ownership stakes in the NBA's Philadelphia 76ers and NHL's New Jersey Devils.

Major League Baseball approved Blitzer's purchase earlier this month. In addition to the Sixers and Devils, Blitzer also has sports holdings with soccer clubs Crystal Palace and Real Salt Lake.