Tuesday, November 24, 2015

Will Smith, Jada Pinkett, Michael Rubin among new Sixers owners

Hollywood, Indonesia, Philly connections in a mostly New York group that's buying the NBA's 76ers

Will Smith, Jada Pinkett, Michael Rubin among new Sixers owners

Philadelphia native Will Smith and his wife, Jada Pinkett Smith, have taken a share in the ownership of the 76ers.
Philadelphia native Will Smith and his wife, Jada Pinkett Smith, have taken a share in the ownership of the 76ers.

Wall Street investors and Wharton grads Joshua Harris (Apollo Management LP) and David Blitzer (Blackstone Group) today posted the list of their fellow investors in yesterday's purchase of the National Basketball Association's Philadelphia 76ers from Comcast-Spectacor. They include:

- CEO Adam Aron, an Abington native and former head of Vail Resorts
- Martim Geller, New York, big-league financial adviser
- David Heller, a Goldman Sachs partner
- Travis Hennings, works for Harris' Apollo Management
- James Lassiter, film producer who's been a partner in Will Smith's Overbrook Entertainment since the 1990s (see below)
- Marc Leder, Sun Capital Partners of Boca Raton, a buyout firm that shut down Jevic Transportation Co., idling 1,900 nonunion truckes and support workers in 2008, but also reorganized a string of troubled paper mills into Manayunk-based PaperWorks, the same year, saving roughly as many jobs as Jevic cut; another Penn grad
- Jason Levien, pro sports agent
- Michael Rubin, owner of Fanatics, which says it's the largest online seller of team-sports gear through its deals with the NBA, NFL, MBL, NHA and NCAA and more than 70 teams; also founder of eBay GSI Commerce, of King of Prussia
- Will Smith and Jada Pinkett Smith, the Overbrook-native Hollywood star and his actress wife
- Handy Soetedjo, Indonesian investor who's backed Asian basketball leagues
- Erick Thohir, an Indonesian media mogul and basketball fan
- Art Wrubel, New York real estate investor, also a Penn grad (Updated)

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

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