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The Detroit and Cleveland teams will play at the NBA arenas that currently exist, while Philadelphia is planning on a new building that will be completed hopefully by 2030. "We tell the city it's going to open in 2031. We're hoping for 2030," said Harris Blitzer Sports & Entertainment Managing Partner and co-founder Josh Harris, who owns the 76ers. "So we're trying to underpromise and overdeliver. But, right now it's 2031, so that we have a year gap, you know. We've got the Xfinity center, the Wells Fargo, they'll play there."
The Boston Celtics have agreed to be sold to private equity investor Bill Chisholm for an initial $6.1 billion, with the the final valuation to reach $7.3 billion, Axios has learned from sources familiar with the situation. Why it matters: This is the most ever paid for a professional sports team, topping the $6 billion that Josh Harris paid in 2023 for the NFL's Washington Commanders. It's made even more remarkable because the Celtics don't own their own arena and have one of the league's highest payrolls. Zoom in: The deal is split into two parts. The initial purchase this summer of a majority stake is at the $6.1 billion valuation, but the rest is expected to be valued at a whopping $7.3 billion.
The Celtics ownership group has agreed to sell the team to William Chisholm, managing director and co-founder of Symphony Technology Group, for a record $6.1 billion, a league source told the Globe on Thursday. The sale is pending approval by the NBA Board of Governors. The sale is the highest sum paid for a North American sports team in history, surpassing the $6.05 billion Josh Harris paid for the NFL’s Washington Commanders.
New Jersey Governor Phil Murphy and his economic development agency on Monday sent a letter detailing the offer to Harris Blitzer Sports & Entertainment, the owner of the National Basketball Association franchise. The firm was created by David Blitzer, a senior executive at Blackstone Inc., and Josh Harris, a co-founder of Apollo Global Management Inc.
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Austin Krell: The Sixers have officially signed Tyrese Maxey to his rookie-scale extension. Statements from Josh Harris and Daryl Morey, via press release: pic.twitter.com/IrKZqr9GVY
The Sixers have officially signed Tyrese Maxey to his rookie-scale extension.
— Austin Krell (@NBAKrell) July 8, 2024
Statements from Josh Harris and Daryl Morey, via press release: pic.twitter.com/IrKZqr9GVY
George and his agent, Aaron Mintz of CAA, met with a 76ers contingent including owner Josh Harris, president of basketball operations Daryl Morey, GM Elton Brand and Sixers legend Julius Erving in Los Angeles, sources said. The Sixers even brought a front office executive, Peter Dinwiddie, who is a familiar face and friend of George's from their years together with the Indiana Pacers, sources said.
Sean Barnard: So it seems like the story is that Joel Embiid was in the building for the NBA Finals with Josh Harris and ran into Tim Bontemps. Tim told Joel that Paul George was on the pregame show and Joel said he would go on too without an invite That totally rocks. Well done Joel pic.twitter.com/Sd6R40DHxc
Keith Pompey: #Sixers ownership Josh Harris, David Blitzer, and David Adelman, alongside Fanatics CEO Michael Rubin, are teaming up to purchase and distribute more than 2,000 tickets to Sixers fans to Game 6, per a Sixers spokesperson. The tickets will be distributed to first responders, health care professionals, community groups, and other local Philadelphia-based organizations to harness the intensity and excitement for tomorrow’s crucial showdown with the New York Knicks.
Austin Krell: The Sixers' extension with Daryl Morey is official, per release. “Daryl is one of the best front office executives in sports and I greatly value his leadership," Josh Harris says. Statement from Morey: pic.twitter.com/xeq8fgjZeV
The Sixers' extension with Daryl Morey is official, per release.
— Austin Krell (@NBAKrell) December 15, 2023
“Daryl is one of the best front office executives in sports and I greatly value his leadership," Josh Harris says.
Statement from Morey: pic.twitter.com/xeq8fgjZeV
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Brandon "Scoop B" Robinson: James Harden-Clippers-76ers trade timeline per source: Thursday: NBA tells Sixers they are investigating why Harden was kicked off team flight and wasnt playing in national TV game Friday: NBA tells Sixers to rectify Harden situation ASAP. Friday night: Morey restarts negotiations with Clippers. Saturday: Clippers GM plays hardball and wants more than Harden from Sixers Saturday Night/Sunday morning: Other NBA owners complain to Josh Harris to stop obsessing over his NFL team and pay attention to his NBA team. Sunday: Morey submits counteroffer Sunday night: NBA talks to Steve Ballmer to see if Clippers interest in Harden is legitimate Monday: Sixers owner and Clippers owners instruct their GMs to get dee Al done. Monday night: Woj is alerted that deal is "almost done" and Woj doesn't board his flight to LA so he can be first to break story. At 2am, Sixers and Clippers agree to deal, Woj is kicked out of airport lounge since he missed his flight and he goes home. Morey goes to bed around 4am EST
Embiid trusts Morey and managing partner Josh Harris, according to a league source. He also feels a loyalty to the organization for the way they supported him during the early trials of his career. But as Robert Frost once said, nothing gold can stay. Presently, Embiid is where he wants to be and he’s gearing up to play with Maxey and the rest of the group Morey assembles. He’s genuinely excited to play for new head coach Nick Nurse, per a league source. The non-Harden vibes with the Sixers as a whole are actually good.
76ers owner Josh Harris said Monday that he is working to convince Harden to remain in Philadelphia, but is willing to “accommodate what he wants” if he and the team are unable to get the 2017-18 NBA Most Valuable Player and 14-time All-Star to rescind his trade request to the Clippers. “Listen, we’re hard at work,” Harris, the new primary owner of the NFL’s Washington Commanders, said Monday afternoon before the Commanders-Ravens preseason game. “I respect James. I want to, obviously, accommodate what he wants. At the same time, I have to think about a championship contending team, what we can get back. I’d love to convince him to stay. I understand that that’s not what he wants to do right now. I’m going to keep working to resolve it in a way that everyone can live with and is positive for everyone, whatever that resolution is…I respect him as a basketball player, and as a person. It’s back to, these are, you’re dealing with people, right? And you’ve got to be there. We’ll see where it comes out.”
“Nick has solidified himself as one of the NBA’s best coaches and I’m excited to welcome him to Philadelphia,” Managing Partner Josh Harris said. “Throughout his career, he has won at multiple levels, including on the biggest stage when he led Toronto to the 2019 NBA title. He is a smart, innovative and determined coach who really stood out in this process. No matter the hurdles we’ve faced, our goal remains to bring a championship to Philadelphia and Nick is the right coach to lead us forward.” "We are absolutely thrilled to welcome Nick Nurse as the new head coach of the Philadelphia 76ers,” Morey said. “His championship pedigree and diversity of experience mixed with his uniquely creative approach made him our top priority. We are confident that his leadership and expertise will help us unlock the full potential of our talented roster and bring an exciting new era of championship basketball to Philadelphia."
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