Owning part of a professional sports team has almost become a prerequisite to being a celebrity nowadays. Jennifer Lopez, Jay-Z, Nelly and Usher come to mind. Let’s add Will and Jada Smith to that list. Now, we’re not a gossip site or anything, but wasn’t it rumored that their marriage was on the rocks?
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 multibillionaire Joshua Harris, who went to the Wharton School of Business at the University of Pennsylvania. (CSN and CSNPhilly.com will air the press conference live at 11:30 a.m.)
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.
Source: CSNphilly.com
