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Old 07-13-2011, 09:28 PM   #16
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

So they're staying in Philly, but just getting a new owner?
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Old 07-13-2011, 09:53 PM   #17
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
Originally Posted by Maniak
So they're staying in Philly, but just getting a new owner?


Th were never leaving.

Hopefully this billionaire is somewhat of a mark Cuban or Atleast takes notes
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Old 07-13-2011, 09:58 PM   #18
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

LBO, very nice. I wonder where they sourced the debt from. Big mula!
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Old 07-13-2011, 10:07 PM   #19
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

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Originally Posted by GOBB
Th were never leaving.

Hopefully this billionaire is somewhat of a mark Cuban or Atleast takes notes
Oh, I assumed as much.
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Old 07-13-2011, 10:22 PM   #20
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
Originally Posted by GOBB
Th were never leaving.

Hopefully this billionaire is somewhat of a mark Cuban or Atleast takes notes
They've talked about him being a lifelong Sixers fan. He'll at least show an interest in the team.
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Old 07-14-2011, 02:32 AM   #21
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

so, in 1996, the team went for $125 million and today sold for $280 million. there's something fishy about the way the owners are spending their money publicly. i thought philly was supposed to be one of the troubled teams. is my line of thinking way off? i've seen other things that make me wonder as well. even considering inflation, that's a huge margin. how are these franchises worth so much if they are supposedly losing a crap ton of money?
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Old 07-14-2011, 06:02 AM   #22
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

I'll chip in $16.25 and a couple of Snicker bars
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Old 07-14-2011, 09:18 AM   #23
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
Originally Posted by blacknapalm
so, in 1996, the team went for $125 million and today sold for $280 million. there's something fishy about the way the owners are spending their money publicly. i thought philly was supposed to be one of the troubled teams. is my line of thinking way off? i've seen other things that make me wonder as well. even considering inflation, that's a huge margin. how are these franchises worth so much if they are supposedly losing a crap ton of money?

Well Forbes had the team valued at $360 million. I guess that shows you what valued means. Apparently nothing. Something is only worth what someone is willing to pay for it.
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Old 07-14-2011, 10:06 AM   #24
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
Originally Posted by StateProperty
They've talked about him being a lifelong Sixers fan. He'll at least show an interest in the team.
Nice
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Old 07-14-2011, 03:29 PM   #25
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
"This change in Philadelphia, I'm very aware of that group and ..." Shaq said. "I know they're going to pick it up with everything they can and get some new exciting players in there to bring it back to life. Owners like that and Mark Cuban and the guy who just purchased the Detroit Pistons, they're new-wave owners."

http://www.philly.com/philly/blogs/d...#ixzz1S6cNiFgE
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Old 07-14-2011, 03:32 PM   #26
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Richmond VA c'mon
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Old 07-14-2011, 03:33 PM   #27
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

People actually think the 76ers are moving?

the third most storied franchise in NBA history is going to move?
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Old 07-14-2011, 03:41 PM   #28
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Quote:
Originally Posted by PowerGlove
People actually think the 76ers are moving?

the third most storied franchise in NBA history is going to move?
Yeah, that was never even a rumor. The new owner went to college in Philly, his mom is from Philly, and he's only from New York so moving them cross country doesn't even make sense.

Plus, the old ownership kept 10% and keeping them in the same building was part of the deal.
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Old 07-14-2011, 06:03 PM   #29
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

They better stay in Philly. NY really does not need 3 teams at all!!
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Old 07-15-2011, 11:26 PM   #30
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Default Re: Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

Damn that was quick.
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