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