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Tuesday, October 18th, 2011 at 1:00 pm  |  25 responses

Will Smith and Jada Pinkett Smith: Philadelphia Sixers Co-Owners


Now that the Sixers’ sale has been formally approved by the NBA, we get to find out a bit more about the ownership group. Turns out that Philly native Will Smith and his wife Jada are co-owners of the team. Per CSN Philly: “Tuesday is a big day for NBA basketball fans in the city of Philadelphia. CSN has learned that a press conference called for Tuesday morning at the Palestra by the Sixers will introduce their new ownership led by multi-billionaire Joshua Harris, who went to the Wharton School of Business at the University of Pennsylvania. Last week, the NBA Board of Governors voted unanimously to approve the sale from Comcast-Spectacor to Harris’ group. Harris is one of three co-founders of Apollo Global Management, a private equity group. ‘My partners and I are thrilled to have become owners of the Sixers,’ Harris said in a statement released by the team Tuesday morning. “It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.’ The group includes numerous investors, including Will and Jada Pinkett Smith. ‘West Philadelphia born and raised,’ Will was born in Wynnefield and attended Overbrook High School.”

(H/T: I am a GM)

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  • http://www.slamonline.com UNFROZEN CAVEMAN LAWYER

    PROBABLY JUST 1%. BUT UH, I DONT REALLY CARE.

  • http://shinefluid@aol.com yada

    POWER COUPLE

  • http://idunkonthem.blogspot.com albie1kenobi

    so the hype song before every game has to be “summertime” right? either that or “parents just don’t understand”, however irrelevant it is.

  • riggs

    thought they were getting a divorce

  • http://www.slamonline.com Megatron

    if Owners lose so much money, why is there always people willing to purchase teams??

  • http://offthebackboard.wordpress.com/ Off The Backboard

    Woo! HA-HA! Big Willie style!

  • Cameron

    @Allbie1kenobi, or switch?

  • http://@whogotjazz.twitter.com MIGZ

    Will Smith your a dumbass havent you heard kanye’s gold digger what if you get a divorced that team is as good as her’s HAHA and i think she’ll be the first women to co-own a pro basketball team what a joke Im gonna say it again Will Smith YOUR A DUMBASS!!!

  • http://slamonline.com YKnoT

    @MIGZ first of all it’s YOU’RE, and she’ll be the first WOMAN. So technically speaking YOU’RE the DUMBASS! HA HA

  • http://cnbc.com JTaylor21

    Jada could get it a million different ways.

  • http://slamonline.com Allenp

    Will Smith is probably more astute than your entire family.

  • http://gmail.com z

    why does anyone buy nba teams? yknow since they’re soooo “not profitable” according to sternbot and the owners…

  • Clutch2123

    Not a nother Dodgers fiasco!

  • http://www.kb24.com The Seed

    Will Smith and Jada can do halftime, He does his oldies and Jada does her punk rock. To be honest, Will is wasting his money, go build some homeless shelters, help out single parent housing, start college funds or build Smith foundation for youths of Philly or do a Job Link program. Paying millions of dollars to own nothing in the grand scheme of things for a team is DUMB. BOOK IT!!!

  • justsayin

    @TheSeed And what are you doing for the general good besides commenting on slam articles with generic negativity and hate? I’d think any outlandishly rich ball fans would do the same thing…can’t play in the L, buy a team in the L.

    Also according to a 1 second google search: Will and Jada Smith Family Foundation to benefit inner-city community development, youth educational projects and under-privileged children and their families

    Read more: http://www.looktothestars.org/celebrity/150-will-smith#ixzz1bBJBBCZ9

    Just sayin

  • http://Slamonline.com Mars

    co-sign

  • http://www.slamonline.com Megatron

    @TheSeed, so I guess you don’t watch basketball? It must be a tremendous waste of time since you essentially get nothing out of it, right?

  • Quincy

    Everyone dreams of owning a sports team. I would love to one day

  • http://www.kb24.com The Seed

    This is still a waste of money, anyway you put it. The money can go more into their foundation of helping others, buying houses and promoting success. Yes they have money to waste, but why buy a 1 to 15% percent ownership in something you have no say so in what happens in the end to the franchise. BOOK IT!!

  • justsayin

    @TheSeed, 1. He clearly loves basketball. 2. He doesn’t think its a waste, any partial owner buys in as an attempt to make profit. 3. Why not invest in something you love, as opposed to wallstreet, vegas or as chris rock would say…rims.

  • dma

    i. can’t. wait. to. see. willow. and. jaden. perform. stab. me.

  • BBaller

    In West Philadelphia born and raised on the playground is where i spent most of my days!

  • bike

    Good
    For
    Them

  • DWESCOTT

    VERY NICE, LET’S HOPE THEY CAN GO ALL THE WAY…..GOOD LUCK IN YOUR INVESTMENT….GO WILL & JADA!!!!!!!!!

  • sharron

    im mad at them will and jade i thought will be together forever ,i love these kids too …. good luck on the taem…… will @jade #1 fan

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