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Sixers Sale is Virtually Complete
By Kyle Scott
Published:
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
Kyle Scott is the founder and editor of CrossingBroad.com. He has written for CBS Philly and Philly Voice, and been a panelist or contributor on NBC Sports Philly, FOX 29 and SNY TV, as well as a recurring guest on 97.5 The Fanatic, 94 WIP, 106.7 The Fan and other stations. He has more than 10 years experience running digital media properties and in online advertising and marketing.