Philadelphia 76ers will be sold. Agreement for Sixers sale now in place
[URL="http://www.nba.com/2011/news/06/07/sixers-sale.ap/index.html?ls=iref:nbahpt2"]http://www.nba.com/2011/news/06/07/sixers-sale.ap/index.html?ls=iref:nbahpt2[/URL]
PHILADELPHIA (AP) -- The Philadelphia 76ers are on the market and a person familiar with the deal says the franchise once home to Wilt Chamberlain, Charles Barkley and Allen Iverson could be sold within the week.
The person spoke to The Associated Press on Tuesday on condition of anonymity because the deal with the group led by New York-based leveraged buyout specialist Joshua Harris is not yet complete.
Comcast-Spectacor, led by chairman Ed Snider, has owned the Sixers since 1996, but the group's chief operating officer confirmed Tuesday there are ongoing discussions about the team's future.
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Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place
Comcast-Spectacor today announced it has reached an agreement to sell the Philadelphia 76ers basketball team to a group led by Joshua Harris, Co-Founder of Apollo Global Management, LLC. Terms of the agreement, which is subject to approval by the National Basketball Association