The sale of the Philadelphia 76ers to New York City billionare Joshua Harris, the CEO of Apollo Global Management LLC, has been completed, according to CBS Sports' Ken Berger. Comcast Spectator, who previously owned the team, will sell it to Harris and a bunch of other investors that includes former agent and Sacramento Kings executive Jason Levien. The sale of the team now must be approved by the NBA Board of Governors.
The 76ers were put up for sale in early June, and Harris immediately emerged as the potential buyer. He is worth over $1.5 billion. The Comcast Spectator group had owned the 76ers since 1996, having purchased the team from Harold Katz then.