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.

Josh Harris No Mark Cuban

Josh Harris, who is in Asia on business right now, has expressed an interest in buying the Philadelphia basketball team, the Seventy-Sixers. Philly fans, who are hoping for owner similar to Mark Cuban will be disappointed. I have talked to his partners at Apollo Global Investment Management. They say that he has no plans to lighten his workload. According to his partners, Harris works a 60 hour work week and travels 50% of the time.

I have also talked to David Blitzer's partners at Blackstone. They say that he is a stand up guy, but has not plans to return from London.

When Ed Snider was is in New York for the NHL meetings, he did not meet with Harris.

It is apparent to most Philly fans that Snider has always favored the Flyers over the Sixers. I checked the facebook page of one of his children that is closed to the public. They wrote, "Fan of the Flyers," but did not mention the Sixers.