What has been reported and speculated for the past few weeks finally became official.
Comcast-Spectacor announced that the sale of the Philadelphia 76ers to a group led by Joshua Harris was approved by the NBA's Board of Governors today, signifying the completion of the long-rumored sale. Terms were not disclosed.
The deal doesn't include the Wells Fargo Center or the Philadelphia Flyers, which remain under Comcast-Spectacor's control. The Sixers will still play their home games at the Wells Fargo Center and keep their broadcast rights with Comcast SportsNet Philadelphia.
"On behalf of my partners, I genuinely want to thank Ed Snider and Comcast-Spectacor for choosing us to steward the Philadelphia 76ers, a storied NBA franchise. We are excited to start writing a new chapter in Sixers lore," said Harris, the new managing owner, in a statement.
The team is holding a press conference at the Palestra today at 11:30 a.m. We'll have more info later this afternoon and in tomorrow's print edition.
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