Philadelphia 76ers sold for $308m


Hope the new owners know how to build a winner. I’m just about to go in on some season tickets. From Kevin Arnovitz at ESPN’s TrueHoop:

137 percent higher than the sale price of the team in 1996 to Comcast.


That’s not a bad return on your equity over 15 years, even with some operating losses. 

For what it’s worth,Forbes valued the Sixers at $330 million in its most recent team valuations.


via Sixers deal complete – TrueHoop Blog – ESPN.

Comcast and Ed Snider maintain ownership of the Wells Fargo Center and 10% if the franchise.

So, this is rather interesting sale right as the NBA lockout is starting up. The 76ers are a middling team with a fairly new venue to play in. without that venue the team is still worth $308m.