Archive for June 7th, 2011

Report: 76ers Very Close to Being Sold

June 7th, 2011 by Scott Dargis | Comments Off on Report: 76ers Very Close to Being Sold | Filed in Basketball, Sixers

According to a report from, the Philadelphia  76ers are within hours of being sold to a group led by Joshua Harris, a New Yorker. Harris is reported to have a net work of $1.6 billion.

The Sixers were not known to have been for sale, so this is very surprising news. Ed Snider would continue to own the Wells Fargo Center and the Sixers will continue to play in the arena.

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This is unexpected, but fantastic news for 76er fans. It has been long suspected that Ed Snider has put much more effort into the Flyers than the Sixers. With new ownership that may be willing to take chances and spend money the correct way, this might just be the next step in the right direction for the franchise.

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