The sale of the Sixers to an investment group led by Joshua Harris is imminent, pending signatures of the parties involved, a league source told the Daily News.
Another source said the sale is “very close” to being finalized.
Harris, a graduate of the Wharton School, and his group are purchasing the Sixers from Ed Snider and Comcast-Spectacor for a reported $280 million. Snider will retain a 10 percent financial stake, but will have no management responsibilities.
The NBA Board of Governors would have to then approve the sale, which is not expected to be hindered by the lockout between the league and the players union.
Harris is the co-founder of Apollo Management Group and is valued at $1.5 billion by Forbes. He leads a group that includes private equity investor David Blitzer and former NBA agent and Sacramento Kings executive Jason Levien.
An announcement could come as early as tomorrow.