Report: Sixers are on verge of being sold
Jrue Holiday - G - Philadelphia 76ers
June 7, 2011 - 11:10 AM ET
Sixers owner Comcast-Spectacor is in talks to sell the team, sources tell ESPN's Henry Abbot.
According to Abbot, talks are ongoing and one source called a deal "imminent." The potential buyers are a "group led by New York-based leveraged buyout specialist Joshua Harris." The Sixers' meager attendance since Allen Iverson's prime combined with poor salary decisions have the franchise losing money annually. It's unclear as of now how the new owners would affect the on-court status of the team, if at all.
Source: ESPN.com
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