Quantcast
Sunday, July 10th, 2011 at 1:03 pm  |  12 responses

Report: 76ers Likely to be Sold This Week


Rumors regarding the sale of the Philadelphia 76ers have bounced around for a while now, but it looks like the saga might be coming to a close. Via Bloomberg: “The Philadelphia 76ers likely will be sold to a group led by Joshua Harris, a director at Apollo Global Management LLC, in the next few business days, two people familiar with the negotiations said. Harris will pay about $280 million, according to one of the people, who were granted anonymity because they weren’t authorized to discuss the sale publicly. Harris co-founded Apollo Management in 1990, and holds a bachelor’s degree from the University of Pennsylvania’s Wharton School of Business and a master’s degree from the Harvard Business School. Apollo went public in March. Comcast-Spectacor, the holding company that owns the National Basketball Association team, said a month ago that it was exploring a sale. Harris’s group includes David Blitzer, who moved to London from New York in 2002 to create the European office of the Blackstone Group LP (BX), the biggest private-equity firm. Michael Preston, a spokesman for the 76ers, declined to comment. Ike Richman, spokesman for Comcast-Spectacor, didn’t immediately respond to a voice mail left at his office or an e- mail. Neither Harris nor Blitzer immediately responded to e- mails seeking comment.”

  • Add a Comment
  • Share
  • RSS

Tags:

  • http://slamonline.com walt williams

    ..Aaaaaand nobody cares

  • http://www.optimabbc.be Max

    Hopefully they stay the Phille 76′ers though.

  • Lochness

    Move to Seattle

  • http://slamonline.com walt williams

    Sacramento will take a second team, thanks

  • SikhWitIt

    SEATTLE.

  • add

    swear if he wants to move im gonna petition

  • http://www.facebook.com/joe.l.brewer3 BlackPhantom

    They shouldn’t move the 76ers, that would really suck.

  • Ryan

    If they move the Sixers I’m done with the NBA.

  • AD

    seattle are you kidding me seatle…. GTFOH nobody wanna see a team go to dat horrible place…… All ya do is fish in the rain… Ya better watch the Trailblazers…. mOVE THE SIXERS TO NEWARK if they do move we have evrything in place

  • Fat Lever

    No way in hell do the Sixers move. This is still a great basketball city. Great HS and college hoops, great players come from here. All the Sixers need to do is have a legitimate plan to build the franchise back up, and the city will re-embrace the team. We have one of the top 3 sports cities in the US, moving is not an option.

  • SikhWitIt

    Yes, all Seattle does is “fish in the rain.”

  • SikhWitIt

    But f’real . . . Seattle.

Advertisement