Could Ed Snider and Comcast-Spectacor be taking a seat from the NBA?
The Internet is abuzz with reports that the attendance-challenged 76ers could be for sale.
Henry Abbott of ESPN.com broke the story Tuesday morning.
Comcast-Spectacor, which has owned the team since 1996, is in talks to sell the Sixers to a group led by billionaire Joshua Harris, a New York-based leveraged buyout specialist, ESPN reported.
Other alleged investors in the deal include private equity executive David Blitzer and Sacramento Kings executive Jason Levien, according to the report.
Both Harris and Blitzer have Philly ties. The two power players graduated from UPenn's Wharton school, according to ESPN.
Nothing seems official right now. Our own John Clark tweeted about possible discussions:
Peter Luukko of Sixers confirms they are in discussions about future of Sixers, but talks are confidential. Reports say Sixers sale imminent
Comcast-Spectacor President Peter Luukko confirms "We are in discussions about the future of the team. These discussions are confidential."
Sports Final's Howard Eskin tweeted his insider's take on the possibility of the Sixers changing hands:
Sixers sale I'm told still has some work and could happen in next 1-2 wks. Sale would be approx 280 mill for about 90 percent of team.
The Sixers could maybe use a change of leadership after finishing dead last in the NBA this season by averaging less than 73 percent capacity at the Wells Fargo Center.
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