The Philadelphia Inquirer on the sale of the 76ers:
Comcast-Spectacor is still in serious discussions to sell the team to a group of investors led by New York billionaire Joshua Harris. Comcast-Spectacor owner Ed Snider is expected to sell 90 percent of the Sixers to Harris’ group for an estimated $280 million.
The deal, which has many obstacles because of the magnitude of the transaction, is creeping closer toward completion and is expected to be completed in the near future.
So who is Joshua Harris, anyway? He a co-founder of Apollo Management, and here is his Forbes List profile.
I think that Forbes deserves some recognition for the accuracy of their sport team valuations, as their valuation is very close to the $311 million price tag for this franchise.
Also, thanks Terry K. for sending this my way!
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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