Now that the Sixers’ sale has been formally approved by the NBA, we get to find out a bit more about the ownership group. Turns out that Philly native Will Smith and his wife Jada are co-owners of the team. Per CSN Philly: “Tuesday is a big day for NBA basketball fans in the city of Philadelphia. CSN has learned that a press conference called for Tuesday morning at the Palestra by the Sixers will introduce their new ownership led by multi-billionaire Joshua Harris, who went to the Wharton School of Business at the University of Pennsylvania. Last week, the NBA Board of Governors voted unanimously to approve the sale from Comcast-Spectacor to Harris’ group. Harris is one of three co-founders of Apollo Global Management, a private equity group. ‘My partners and I are thrilled to have become owners of the Sixers,’ Harris said in a statement released by the team Tuesday morning. “It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.’ The group includes numerous investors, including Will and Jada Pinkett Smith. ‘West Philadelphia born and raised,’ Will was born in Wynnefield and attended Overbrook High School.”
(H/T: I am a GM)
