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Philadelphia Union announce David Seltzer as new investor in the club

Philadelphia area financial advisor joins Jay Sugarman et al as investors in the club.

Give credit where credit is due - the much maligned Nick Sakiewicz has always had a bit of a nose for the business side of things (when he's not collecting goalkeepers and playing real-life Football Manager). Today Sakiewicz and the Philadelphia Union announced that Philadelphia-based financial advisor David Seltzer "and family members" have been named as investors in the club. Mr. Seltzer is now listed on the club's ownership page along with the Jay Sugarman, Nick Sakiewicz, other owners. It was not disclosed how much Mr. Seltzer has invested in the club or what stake he will hold.

According to the press release, Mr. Seltzer is co-founder of Philadelphia-based financial advisory firm Mercator Advisors. According to their website, Mercator's clients include the Federal Highway Administration, Los Angeles County Metropolitan Transportation Authority, U.S. Chamber of Commerce, and U.S. Department of Education. Mr. Seltzer's resume is equally as impressive, having served as in-house financial advisor to the Federal Highway Administration and teaching graduate-level courses at Penn's exclusive Wharton School. He currently serves as Chairman of the Board for Philadelphia Gas Works.