Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Basketball News

A new shareholder at the Sixers

Since June, we knew that Michael Rubin, the boss of Fanatics, was going to have to sell his shares in Harris Blitzer Sports & Entertainment, the company that owns the Philadelphia franchise.

The reason for this sale? Fanatics is going into online betting and potential conflicts of interest would arise. The Shaq had found himself in the same situation after becoming an ambassador for an online betting site, and he had sold his shares in the Kings.

Four months later, the sale is recorded and official. Michael Rubin has indeed ceded part of the 10% he owned to David Adelman. The latter is the president of 76 Devcorp, the company currently working on the construction of the new hall of the Sixers, expected for 2031.

No amount has been officially released regarding this sale. On his side, Forbes puts the figure at $250 million.but that’s just an estimate based on the franchise’s supposed valuation of $2.5 billion.

SEE ALSO:  Josh Giddey didn't expect to shine so quickly in the NBA
Back to top button

Adblock Detected

Please disable your ad blocker to be able to see the content of the page. For an independent site with free content, it is literally a matter of life and death to have ads. Thank you for your understanding!