The Philadelphia 76ers were one of the surprises of the NBA last year. Doug Collins seemed to have sparked new life into the young team as they were able to make the playoffs. But now we have news that a deal to sell the team may be imminent.
The Philadelphia 76ers are on the market and a person familiar with the deal says the franchise once home to Wilt Chamberlain, Charles Barkley and Allen Iverson could be sold within the week.
The person spoke to The Associated Press on Tuesday on condition of anonymity because the deal with the group led by New York-based leveraged buyout specialist Joshua Harris is not yet complete.
Comcast-Spectacor, led by chairman Ed Snider, has owned the Sixers since 1996, but the group’s chief operating officer confirmed Tuesday there are ongoing discussions about the team’s future.
The person familiar with the deal said the Harris-led group was not the only bidder but is now the lead bidder, adding the deal has been in the works for several months.
Read more about this potential deal via AP on NBA.com.