Sixers to be sold for 280Mil
Old 07-12-2011, 03:22 PM   #1 (permalink)
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76ers Sixers to be sold for 280Mil

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

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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: ďThe 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 werenít authorized to discuss the sale publicly. Harris co-founded Apollo Management in 1990, and holds a bachelorís degree from the University of Pennsylvaniaís Wharton School of Business and a masterís 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. Harrisís 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, didnít 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.Ē
SLAM ONLINE | Report: 76ers Likely to be Sold This Week
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Old 07-12-2011, 05:15 PM   #2 (permalink)
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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.
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Old 07-13-2011, 08:40 PM   #3 (permalink)
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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.

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Old 07-13-2011, 08:55 PM   #4 (permalink)
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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.
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Old 07-13-2011, 10:06 PM   #5 (permalink)
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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.
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Old 07-18-2011, 04:30 AM   #6 (permalink)
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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
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Old 12-06-2011, 08:56 PM   #7 (permalink)
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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

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Old 12-06-2011, 09:03 PM   #8 (permalink)
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A moose? And there's a stigma playing in Canada? Right.
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Old 12-06-2011, 09:19 PM   #9 (permalink)
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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.
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Old 12-06-2011, 10:03 PM   #10 (permalink)
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Out of those 3 only the dog seems to be the most decent. But I dont know those mascots seem pretty iffy imo...
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Old 12-06-2011, 10:51 PM   #11 (permalink)
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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?!?
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Old 12-06-2011, 10:58 PM   #12 (permalink)
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One looks like scooby doo?!?
100pts= Scooby Snacks for everyone
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Old 12-06-2011, 11:02 PM   #13 (permalink)
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100pts= Scooby Snacks for everyone
So fans will be having dog meat when 76ers hit century mark?
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