Sixers Sale is Virtually Complete

Sixers_sale
According to CBS Sports, the sale of the Sixers is just about complete:

Comcast-Spectacor has a deal in place to sell the Philadelphia 76ers to an investor group led by Joshua Harris of Apollo Global Management, LLC, CBSSports.com has learned.

There was no immediate word on a sale price, which does not include the Wells Fargo Center or the NHL's Flyers, sources said Tuesday.

David Blitzer of The Blackstone Group will join Harris as lead partner, according to sources familiar with the deal. Former player agent and Sacramento Kings executive Jason Levien also is part of the proposed ownership group, sources said. Apollo, which describes itself on its web site as specializing in "contrarian" investments and "distressed" assets, and Blackstone are not involved in the transaction.

 

Philly Sports Daily has confirmed that the sale could take place as early as tomorrow.

No sense in stroking this any more than it needs to be stroked (TWSS). Here are our two previous posts on the matter. Nothing new, really. 

Not sure how much influence Harris will initially assert, but I'd start by killing Hip Hop. #bringbackbigshot

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7 Responses

  1. Happiness lies for those who cry, those who hurt, those who have searched, and those who have tried, for only they can appreciate the importance of people who have touched their lives.

  2. According to CBS Sports, the sale of the Sixers is just about complete: Comcast-Spectacor has a deal in place to sell the Philadelphia 76ers to an investor group led by Joshua Harris of Apollo Global Management, LLC, CBSSports.com has learned. There was no immediate word on a sale price, which does not include the Wells Fargo Center or the NHL’s Flyers, sources said Tuesday. David Blitzer of The Blackstone Group will join Harris as lead partner, according to sources familiar with the deal. Former player agent and Sacramento Kings executive Jason Levien also is part of the proposed ownership group,…

  3. shame on you – the folks at Draft Street set us up with a free fantasy baseball game and gave away $150 in prizes last month. They also frequently host our weekly Six Pack contest. Last week, they sent along this little promotional story about about “hixvillehunk,” who turned his $60 deposit into over $20,000. Skeptical, I checked to see if this was legit, and sure enough, his name is atop the leaderboards.

  4. I met him when we came with my wife during our short trip in Philadelphia. We had a meeting and we talked in general about Philadelphia and New Jersey, where the players live, where the good schools are, we talked in general about everything. As soon as I come to Philadelphia we’ve got to disc

  5. Chase talked about Philly Financial Day – a charity event he’s taking part in with Cole Hamels, Jimmy Rollins, and Shane Victorino – the upcoming series against the Braves, his progress returning from a knee injury, and the role of veterans in talking to the young guys when they make mistakes

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