Sale of Philadelphia 76ers expected to conclude next weekPosted by Inside Hoops
Comcast-Spectacor’s sale of the 76ers to a group of investors led by New York billionaire Joshua Harris is expected to close early next week, according to a source close to the situation.
Terms of the sale were agreed upon in July, but the deal has been pending approval of the NBA’s board of governors for more than two months. The NBA has been mired in a lockout since July 1. On Monday, the league canceled the first two weeks of the 2011-12 regular season…
The deal is for 100 percent of the Sixers for approximately $280 million.
– Reported by Kate Fagan of the Philadelphia Inquirer