SBS's blog on news opinions and developments in the NBA, with a focus on business.

Zennie62 On YouTube

Tuesday, October 31, 2006

Will Smith and Dr. J Head Group Bidding On Philadelphia 76ers - ESPN



For Will Smith I know this would be a dream come true as he's from Phili


Report: Dr. J, Will Smith in group trying to buy Sixers
ESPN.com news services

While one group vying to buy the Philadelphia 76ers has dropped out of the running, one high-profile group remains.

According to a report from the Philadelphia Inquirer on Sunday, four groups are still in the running, including one that includes Hall of Famer Julius Erving and entertainer Will Smith, a Philadelphia native.

A venture capital fund led by Ian Berg and Wayne Kimmel abandoned their quest to buy the team from Comcast Spectacor, according to a person with knowledge of the negotiating process.

The Inquirer's unnamed source said that two finalists will be chosen by the end of the month with the winner selected by the end of the year. The same source said the winning bid will likely exceed $400 million.

No comments: