Sixers to be sold for 280Mil
Old 07-12-2011, 03:22 PM   #1 (permalink)
is the baby faced assassin

Banned
 
Join Date: May 2008
Location: YO MAMMA
Posts: 81,104
Representing:
Sixers to be sold for 280Mil

That's pretty low, no? Raps are apparently worth 400Mil.

Quote:


Rumors regarding the sale of the Philadelphia 76ers have bounced around for a while now, but it looks like the saga might be coming to a close. Via Bloomberg: “The Philadelphia 76ers likely will be sold to a group led by Joshua Harris, a director at Apollo Global Management LLC, in the next few business days, two people familiar with the negotiations said. Harris will pay about $280 million, according to one of the people, who were granted anonymity because they weren’t authorized to discuss the sale publicly. Harris co-founded Apollo Management in 1990, and holds a bachelor’s degree from the University of Pennsylvania’s Wharton School of Business and a master’s degree from the Harvard Business School. Apollo went public in March. Comcast-Spectacor, the holding company that owns the National Basketball Association team, said a month ago that it was exploring a sale. Harris’s group includes David Blitzer, who moved to London from New York in 2002 to create the European office of the Blackstone Group LP (BX), the biggest private-equity firm. Michael Preston, a spokesman for the 76ers, declined to comment. Ike Richman, spokesman for Comcast-Spectacor, didn’t immediately respond to a voice mail left at his office or an e- mail. Neither Harris nor Blitzer immediately responded to e- mails seeking comment.”
SLAM ONLINE | Report: 76ers Likely to be Sold This Week
jeffb is offline   Boss Key Wife Key Reply With Quote
Old 07-12-2011, 05:15 PM   #2 (permalink)
LX
effin' ineffable

In the Paint
 
Join Date: Dec 2007
Location: Toronto
Posts: 30,071
Representing:
Default

they were bought by comcast for 125 million. So even a franchise this weak has increased in value substantially. The NBA is in terrible trouble though.
LX is offline   Boss Key Wife Key Reply With Quote
Old 07-13-2011, 08:40 PM   #3 (permalink)
is all bout dat life

Can't knock the Hustle
 
Nites's Avatar
 
Join Date: Jul 2008
Location: Vancouver
Posts: 15,083
Representing:
Default

Considering it's an organization that was apart of the original 17 teams which started off in 1949, you'd expect it to be worth quite a lot. Even someone like Jay-Z who is working up his way to billionaire status could probably purchase this franchise.

Last edited by Nites; 07-13-2011 at 08:45 PM.
Nites is offline   Boss Key Wife Key Reply With Quote
Old 07-13-2011, 08:55 PM   #4 (permalink)
is waiting

Senior Member
 
Blaze's Avatar
 
Join Date: Jan 2009
Posts: 1,253
Representing:
Default

Quote:
Originally Posted by LX View Post
they were bought by comcast for 125 million. So even a franchise this weak has increased in value substantially. The NBA is in terrible trouble though.
Correct me if I'm wrong but weren't they purchased so long ago that inflation actually makes the difference barely substantial.
Blaze is offline   Boss Key Wife Key Reply With Quote
Old 07-13-2011, 10:06 PM   #5 (permalink)
LX
effin' ineffable

In the Paint
 
Join Date: Dec 2007
Location: Toronto
Posts: 30,071
Representing:
Default

Quote:
Originally Posted by Blaze View Post
Correct me if I'm wrong but weren't they purchased so long ago that inflation actually makes the difference barely substantial.
15years ago. I don't think there has been a whole lot of inflation in that time span.
LX is offline   Boss Key Wife Key Reply With Quote
Old 07-18-2011, 04:30 AM   #6 (permalink)
hopefully we use our draft pick this year, let's not miss out this years Rodney hood

Senior Member
 
rapsmannn's Avatar
 
Join Date: Jan 2009
Posts: 4,093
Representing:
Default

when is philly going to admit that there not a nba city anymore,

they haven't had a strong fan base for a long time now,

its sad to say because it is a storied franchise with great history,

its not like there team is a bad either, they should have more sell outs then they do

its one of the most weirdest things thats happen, a very strong basketball market at one point collapsing,

we'll see if the new owner can turn it around
rapsmannn is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 08:56 PM   #7 (permalink)
is the baby faced assassin

Banned
 
Join Date: May 2008
Location: YO MAMMA
Posts: 81,104
Representing:
Default

Didn't know where to put this, but if you want a laugh......



76ers unveil three questionable new potential mascots - Ball Don't Lie - NBABlog - Yahoo! Sports

jeffb is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 09:03 PM   #8 (permalink)
LX
effin' ineffable

In the Paint
 
Join Date: Dec 2007
Location: Toronto
Posts: 30,071
Representing:
Default

A moose? And there's a stigma playing in Canada? Right.
LX is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 09:19 PM   #9 (permalink)
"Fake All-Star"

Senior Member
 
TORaptor4Ever's Avatar
 
Join Date: Dec 2007
Posts: 16,433
Representing:
Default

Wonder how much more they could have got when A.I. was in his prime there....

$280M seems like a deal for a pro sports franchise.
TORaptor4Ever is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 10:03 PM   #10 (permalink)
The Professional Scorer

Senior Member
 
Join Date: Feb 2011
Posts: 4,585
Representing:
Default

Out of those 3 only the dog seems to be the most decent. But I dont know those mascots seem pretty iffy imo...
JDMtors is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 10:51 PM   #11 (permalink)
Waiting for DD's 1st in game wind mill Dunk

Senior Member

 
halphbreedballer's Avatar
 
Join Date: Feb 2009
Location: T.O.
Posts: 4,879
Representing:
Default

Quote:
Originally Posted by JDMtors View Post
Out of those 3 only the dog seems to be the most decent. But I dont know those mascots seem pretty iffy imo...
One looks like scooby doo?!?
halphbreedballer is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 10:58 PM   #12 (permalink)
is the baby faced assassin

Banned
 
Join Date: May 2008
Location: YO MAMMA
Posts: 81,104
Representing:
Default

Quote:
Originally Posted by halphbreedballer View Post
One looks like scooby doo?!?
100pts= Scooby Snacks for everyone
jeffb is offline   Boss Key Wife Key Reply With Quote
Old 12-06-2011, 11:02 PM   #13 (permalink)
cool

Senior Member
 
Join Date: Jan 2010
Posts: 818
Representing:
Default

Quote:
Originally Posted by jeffb View Post
100pts= Scooby Snacks for everyone
So fans will be having dog meat when 76ers hit century mark?
neojiphre is offline   Boss Key Wife Key Reply With Quote
Reply


Thread Tools
Display Modes

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

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -4. The time now is 01:39 PM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Copyright RaptorsForum.com 2005-2011

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24