Thursday, June 16, 2011

Status of Sixers' Sale

I checked in tonight with Comcast founder Ralph Roberts and Comcast-Spectacor honcho Fred Shabel at the Rittenhouse Square Ball about the status of the Sixers's possible sale.

Ralph Roberts said,"The Sixers will be sold. They are losing money."

Fred Shabel, Snider's right hand man, said, "We are in negotiations." He declined to name a point man for the sale, but emphasized that Comcast was involved. "There are financial, legal and operational people on the negotiating team."This indicates to me that the negotiations are advanced.

He also declined to say why the negotiations are taking so long.

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