Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > NBA Team Forums > Philadelphia 76ers Forum

Philadelphia 76ers Forum Philadelphia 76ers forum - 76ers message board - Sixers fan forum

Reply
 
Thread Tools
Old 06-07-2011, 05:19 PM   #1
Basketball Fan
Local High School Star
 
Join Date: Jul 2006
Posts: 1,189
Basketball Fan has decent reputationBasketball Fan has decent reputation
Default Sixers up for sale


76ers Sale "Imminent"
Philadelphia 76ers owner Comcast-Spectacor is in talks to sell the team to a group led by New York-based leveraged buyout specialist Joshua Harris
Tags: Henry Abbott, TrueHoop76ers Sale "Imminent"
Philadelphia 76ers owner Comcast-Spectacor is in talks to sell the team to a group led by New York-based leveraged buyout specialist Joshua Harris, according to sources.

Negotiations are ongoing and a source with knowledge of the talks called a deal "imminent."

The Associated Press, citing a person familiar with the deal who spoke on condition of anonymity, said the team could be sold within the week. The source said Harris' group was not the only bidder but is now the lead bidder, adding the deal has been in the works for several months.

Once the parties reach final agreement, it would become official only with approval of the league's Board of Governors.

In a statement, Comcast-Spectacor chief operating officer Peter Luukko told The AP there are "discussions about the future of the team" that are confidential, but did not address a possible sale.

Harris, 46, co-founded Apollo Global Management, which invests primarily in distressed properties, in 1990. In Forbes' 2011 billionaire rankings, Harris was reported to have a net worth of $1.5 billion.

Harris, through an Apollo spokeswoman, declined comment.

Other investors in the deal include private equity executive David Blitzer and former NBA player agent and Sacramento Kings executive Jason Levien.

Blitzer moved from New York to London in 2002 to create the London-based European office of the Blackstone Group, one of the largest private investment groups in the world.

As an agent, Levien represented players including Kevin Martin, Luol Deng and Udonis Haslem.

Harris and Blitzer have Philadelphia ties, having graduated from the Wharton School at the University of Pennsylvania within a few years of each other.

Through his holding company Spectacor, Ed Snider has controlled the Sixers since 1996 -- the same year Spectacor merged with Comcast. Comcast-Spectacor also owns the NHL's Philadelphia Flyers, and the Wells Fargo Center where both teams play. The company would continue to own and operate the arena with the Sixers as a tenant, according to sources.

The Associated Press left a message for Snider seeking comment.

-- espn/AP

Last edited by insidehoops : 07-13-2011 at 09:19 PM.
Basketball Fan is offline   Reply With Quote
Old 06-07-2011, 05:21 PM   #2
LeFraud Shames
Banned
 
LeFraud Shames's Avatar
 
Join Date: Nov 2010
Location: South Beach Pimpin'
Posts: 598
LeFraud Shames has no real reputation yet.
Default Re: Sixers up for sale

Why don't the players just take a pay-cut and go play for the Heat?
LeFraud Shames is offline   Reply With Quote
Old 06-07-2011, 09:37 PM   #3
PHILA
Decent college freshman
 
PHILA's Avatar
 
Join Date: Apr 2010
Posts: 2,714
PHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation herePHILA has an incredible reputation here
Default Re: Sixers up for sale

Now Snider can focus more on his Flyers.
PHILA is offline   Reply With Quote
Old 06-08-2011, 09:17 PM   #4
veilside23
alternick = loser :D
 
veilside23's Avatar
 
Join Date: Aug 2007
Location: P.I.
Posts: 3,683
veilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this board
Angry Philadelphia 76ers will be sold. Agreement for Sixers sale now in place

http://www.nba.com/2011/news/06/07/s...s=iref:nbahpt2



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.



thoughts?

more just open the link
veilside23 is offline   Reply With Quote
Old 06-08-2011, 09:18 PM   #5
veilside23
alternick = loser :D
 
veilside23's Avatar
 
Join Date: Aug 2007
Location: P.I.
Posts: 3,683
veilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this board
Default Re: Sixers for sale?

Quote:
Originally Posted by veilside23
http://www.nba.com/2011/news/06/07/s...s=iref:nbahpt2



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.



thoughts?

more just open the link


if this has been posted please delete thanks
veilside23 is offline   Reply With Quote
Old 06-08-2011, 09:22 PM   #6
FourthTenor
Banned
 
FourthTenor's Avatar
 
Join Date: Feb 2011
Posts: 2,843
FourthTenor has a near all-star reputation hereFourthTenor has a near all-star reputation hereFourthTenor has a near all-star reputation hereFourthTenor has a near all-star reputation hereFourthTenor has a near all-star reputation hereFourthTenor has a near all-star reputation here
Default Re: Sixers for sale?

I heard the new ownership is exploring the possibility of relocating the sixers to Lincoln, NE
FourthTenor is offline   Reply With Quote
Old 06-08-2011, 09:35 PM   #7
Clippersfan86
Banned
 
Clippersfan86's Avatar
 
Join Date: Jan 2011
Posts: 23,737
Clippersfan86 has a near all-star reputation hereClippersfan86 has a near all-star reputation hereClippersfan86 has a near all-star reputation hereClippersfan86 has a near all-star reputation hereClippersfan86 has a near all-star reputation hereClippersfan86 has a near all-star reputation here
Default Re: Sixers for sale?

I would be very bummed if such a proud franchise with probably the best basketball fans in the NBA get their team ripped from them like NO and SAC might and like Seattle did.
Clippersfan86 is offline   Reply With Quote
Old 06-08-2011, 10:25 PM   #8
Styles p
NBA rookie of the year
 
Styles p's Avatar
 
Join Date: Jul 2008
Posts: 6,434
Styles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops posterStyles p is considered a brilliant InsideHoops poster
Default Re: Sixers for sale?

i ****ing hate ed snider.
Styles p is offline   Reply With Quote
Old 06-08-2011, 10:27 PM   #9
StateProperty
Sixers|Eagles|Phillies
 
StateProperty's Avatar
 
Join Date: Dec 2010
Location: BMore, MD
Posts: 5,712
StateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation hereStateProperty has an incredible reputation here
Default Re: Sixers for sale?

Quote:
Originally Posted by Clippersfan86
I would be very bummed if such a proud franchise with probably the best basketball fans in the NBA get their team ripped from them like NO and SAC might and like Seattle did.
The guy supposedly buying them is from New York.

And yeah Snider is a hockey guy. He's never given the same interest in the Sixers like he does with the Flyers.
StateProperty is offline   Reply With Quote
Old 06-08-2011, 10:28 PM   #10
Da Heroic One
Banned
 
Da Heroic One's Avatar
 
Join Date: May 2011
Posts: 419
Da Heroic One has an OK reputation so far
Default Re: Sixers for sale?

Ever since Iverson left the 76ers they have been worthless. So who cares.
Da Heroic One is offline   Reply With Quote
Old 06-08-2011, 10:34 PM   #11
Stuckey
ifirtworld
 
Stuckey's Avatar
 
Join Date: Oct 2010
Location: igloo
Posts: 7,665
Stuckey has a terrific reputationStuckey has a terrific reputationStuckey has a terrific reputationStuckey has a terrific reputationStuckey has a terrific reputationStuckey has a terrific reputation
Default Re: Sixers for sale?

that's a shame
Stuckey is offline   Reply With Quote
Old 06-08-2011, 10:41 PM   #12
Ramiah
I hit open 5-footers
 
Ramiah's Avatar
 
Join Date: Jan 2010
Location: Philadelphia
Posts: 275
Ramiah has an OK reputation so far
Default Re: Sixers for sale?

I'm damn depressed.....this can't be real
Ramiah is offline   Reply With Quote
Old 06-09-2011, 02:10 AM   #13
veilside23
alternick = loser :D
 
veilside23's Avatar
 
Join Date: Aug 2007
Location: P.I.
Posts: 3,683
veilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this board
Default Re: Sixers for sale?

i wonder why.. Ny doesnt need 3 teams
veilside23 is offline   Reply With Quote
Old 06-09-2011, 02:12 AM   #14
Bogus_Sting
Old School Cool
 
Bogus_Sting's Avatar
 
Join Date: Feb 2011
Posts: 581
Bogus_Sting has decent reputation
Default Re: Sixers for sale?

Quote:
Originally Posted by FourthTenor
I heard the new ownership is exploring the possibility of relocating the sixers to Lincoln, NE

Never.
Bogus_Sting is offline   Reply With Quote
Old 07-13-2011, 09:08 PM   #15
insidehoops
Administrator
 
insidehoops's Avatar
 
Join Date: Jun 2006
Posts: 11,610
insidehoops has disabled reputation
Default 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 Associationís Board of Governors, were not disclosed.

Read this for more details:

http://www.insidehoops.com/blog/?p=7988
insidehoops is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 02:51 AM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site













Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy