It's official. Finally.
I imagine the scene over at The Well is rather euphoric: Ed Snider and Co. celebrating, not unlike the flashback in Usual Suspects where Keyser Soze killed his own kids to prove his devotion to the craft. They were just getting in the way, anyway.
Based on a number of reports and the fact that Snider's private jet landed in Philadelphia (from California) on Monday night, a deal was imminent.
What does this all mean? Well, according to the voting in our Six Pack, 82% of you care more about the outcome of the Women's World Cup Final on Sunday… but I think there is a greater impact. Here's what I wrote earlier:
The sale of the Sixers has the chance to signal a major change in organizational philosophy. Ever since Pat Croce left, the team has played to a half-full arena, with lackluster players and no direction.
Everything they’ve done – from a marketing standpoint – is just failure. The uniform updates? Instead of going back to a retro look, they tried to modernize the old logo and color scheme, a practice that backfired as miserably as it did in the early 90s. The court is hideous. The in-arena atmosphere is awful. The players, save for a few guys, are unlikeable (really, does anyone identify with Lou Williams, Andre Iguodala, and jackass Mo Speights?).
Joshua Harris has made a ton of money buying entertainment type companies. Perhaps he’s learned a few things about showmanship and appeasing the masses, and will turn the Sixers into not only a contender, but also a must-see attraction.
The deal is currently pending NBA approval.
Philly Sports Daily was told by a Comcast source that this is a "great deal" for Comcast and the purchasing group is "crazy." Yikes.
The deal is rumored to be $280 million for 90% ownership of the team. Comcast will remain in control of 10%.