Sale of Sixers approved

Comcast-Spectacor's sale of the 76ers has been approved by the NBA's Board of Governors, confirmed an NBA source.

As reported in Friday's Inquirer, the sale is expected to officially close next week, with the new ownership likely speaking publicly next week. The new ownership group is led by New York billionaire Joshua Harris; the group bought the Sixers for approximately $280 million.

Terms of the sale were agreed upon by both sides in July and the deal has since been waiting for NBA approval.