Would-be Sixers owner Josh Harris' Philly ties
Josh Harris deal for Philadelphia 76ers 'imminent,' ESPN says
Would-be Sixers owner Josh Harris' Philly ties
Joseph N. DiStefano
"Philadelphia 76ers owner Comcast-Spectacor is in talks to sell the team to a group led by New York-based leveraged buyout specialist Joshua Harris", ESPN reports here.
Response from Comcast-Spectacor President Peter Luukko: "I can confirm that we are in discussions about the future of the team, but these discussions are confidential and we cannot talk about the details." Comcast-Spectacor is 2/3 Comcast, 1/3 Luuko's boss Ed Snider, with Snider running the show, as long as he meets Comcast profit and business targets. Black got rich running Apollo investment funds, which buy, reorganize and sell companies and property. The group manages billions for giant pension plans, including the taxpayer-funded Pennsylvania State Employees' Retirement System and the state Public School Employees' Retirement System. Apollo's Philadelphia investments include the Curtis and Public Ledger buildings near Washington Square, which the firm is trying to sell.
It would be great if the Sixers could move to a Center City basketball-only venue....maybe like an MSG style ajacent to a new high-rise and near major public transportation.- Gordon Gekko now owns the sixers. whopee!— bobcitydoc
- wow— crow-towes
- Leveraged buyouts: weren't they the guys back in the 80's who bought up companies just to close them?— mike l
- Sounds like another dead suit who wants to buy a sports franchise just to make money and give nothing in return. Can you say Norman Braman?— lalaw9833
- Same BS as before. Comcast wants to sell the Sixers, but keep the naming rights, concessions, and parking. Sweet deal for the prospective owner.— Dean1
- tired of "old man ed"....need some young fresh Penn blood......I'll give it a try....maybe we can get "Mr Energy(Croce) back in the fold as well.
Have a nice day— ghostmarine - Bring the ole Warriors day's back and I'll go.— TheShadowKnows
