Philadelphia 76ers Reportedly Up For Sale, Deal Could Be Imminent

The Philadelphia 76ers were not publicly for sale this year, but on Tuesday, reports have surface that puts the team in the midst of negotiations to transfer ownership from the Comcast Spectator group that's owned the franchise since 1996.

Henry Abbott broke the news first at ESPN.com. According to Abbott, the prospective buyer is a group led by a man named Joshua Harris, a 46 year-old New York-based business man said to be worth around $1.5 billion. For now, the price of the sale is still unknown.

The 76ers have belonged to Comcast Spectator, the same group that owns the Flyers and the arena that houses both teams, the Wells Fargo Center, for the past 15 years. Ed Snider has been the face of that ownership group throughout that span, and nothing suggested any of that would be changing. Until today, that is.

Now, sources say a deal is "imminent" and the team could be transferred to Harris, while Comcast Spectator would retain control over the Wells Fargo Center and the Flyers. Joining the 46 year-old Harris would be, among others, Jason Levien, a former NBA agent and a one-time executive with the Sacramento Kings. For now though, everything remains hypothetical.

But since it's clear that the negotiations are in the latter stages at this point, it certainly seems like the 76ers could change hands any minute now. As for what that means to the team itself? For one thing, that Monta Ellis-Andre Iguodala trade might be put on hold 'till all this gets figured out.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.