MEET THE NEW BOSS: A Bunch Of Rich White Guys Sell The 76ers To Another Bunch Of Rich White Guys


COMCAST SPORTS NET: A group led by billionaire Joshua Harris, a director at Apollo Global Management LLC, has reached an agreement to buy the Sixers from Comcast-Spectacor. The ownership group also consists of David Blitzer; senior managing director of The Blackstone Group; Jason Levien, a former player agent and Sacramento Kings executive; and Art Wrubel. (meet the new ownership) Terms of the deal were not disclosed, but the sale is believed to be for $280 million. Comcast-Spectacor will continue to own the Wells Fargo Center, of which the Sixers will remain tenants. Comcast SportsNet also has the television rights through 2029. As a result, the buying price is significantly lower than the league record $450 million that Joe Lacob and Peter Guber paid last summer for the Golden State Warriors. According to Forbes, the 76ers are worth $330 million, 17th in the NBA. MORE

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