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Really quietly, the NBA approves Sixers sale

Oct 16, 2011, 4:30 PM EDT

Sixers Happy Family Time

We’d like to congratulate billionaire Joshua Harris and his partners on the successful purchase of the Philadelphia 76ers basketball team which actually doesn’t play basketball at the moment. From the Philadelphia Inquirer:

The NBA Board of Governors has approved Comcast-Spectacors sale of the 76ers to a group of investors led by New York billionaire Joshua Harris, an NBA source confirmed.

The sale is expected to officially close early next week; the new ownership group is expected to hold a news conference, possibly as early as Tuesday.

Terms of the sale were agreed upon in July: $280 million for 100 percent of the franchise. Completion of the sale has been pending league approval for more than two months while the league is mired in a labor dispute with the NBA Players Association.

via NBA approves sales of 76ers to Harris and partners | Philadelphia Inquirer | 10/16/2011.

Now with the sale officially approved and set to go through, the Sixers’ new owners can get to work on owning a basketball team that doesn’t play basketball, working with management who don’t have players, and getting their plan for the future together since they don’t have a present.

It’s a good thing for Sixers fans that they have new ownership around their theoretical basketball team, because if we ever get the actual league back, the Sixers are in for some big decisions regarding Andre Iguodala, Evan Turner, and Thaddeus Young. Change is good and with Ed Stefanski already looking for a new gig, it seems big changes are planned for the franchise under new leadership.

The Sixers do not kick off their season at the beginning of  next month.

  1. areyesrn - Oct 16, 2011 at 5:08 PM

    Andre Iguodala is still on this team? They play so much better when he’s sitting on the bench.

    • b7p19 - Oct 17, 2011 at 11:25 AM

      I disagree. He’s one of the best defenders in the game. They play their best when he’s on the court AND plays the role he should be playing. When he tries to be a number one they are at their worst.

  2. rdssc - Oct 17, 2011 at 12:09 AM

    Why would anyone want to own an NBA team. Owners are losing so much money they had to cancel the season. Is it any wonder they are not making a big deal about this?

    • joecain21 - Oct 17, 2011 at 1:22 PM

      At least someone still has faith in the NBA.

  3. b7p19 - Oct 17, 2011 at 11:24 AM

    “The Sixers do not kick off their season at the beginning of next month.”

    Keep up the good work Matt. I’m always amused by your posts.

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