Hot! Will Smith Part Of New Philadelphia 76ers Ownership Group - Espn New York - Jason Levien

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Associated Press

PHILADELPHIA The Philadelphia 76ers are under brand-new management lots and a lot of management, that will possibly requires a dose with Hollywood star power.

New York-based leveraged buyout professional Joshua Harris and the relax of his nine-person ownership class finished the offer to buy your Sixers coming from Comcast-Spectacor as well as wasted not much time Tuesday producing a dash on their own first morning inside power.

Ed Stefanski is otherwise engaged while typical office manager and workforce chief executive Rod Thorn will presume more significant day-to-day deal with in operating the franchise.

Nets have got Jay-Z, Sixers Have Will Smith

The 76ers' innovative possession staff includes one of several city's preferred sons: Will Smith, who has invested as being a minority shareholder.

The company involving Smith inside an possession consortium headlined through New York-based leveraged buyout specialized Joshua Harris, David Blitzer as well as an old NBA factor plus Sacramento Kings acting Jason Levien ensures that the Atlantic Division these days buildings two giants with the leisure industry.

Named by way of Newsweek throughout April two thousand and seven since the actual profitable actor or actress around Hollywood, Smith brings together the Sixers in a very capacity reminiscent of audio mogul Jay-Z's part considering the New Jersey Nets. And Levien is shown to be the 1st ex - agent that they are component to an NBA ownership group considering that Lewis Schaffel put on your plate because unique controlling significant other in the Miami Heat.

Indonesian mass media magnate Erick Thohir is also joining this Sixers since the primary Asian trader throughout an NBA team.

"We will be honored to acquire your opportunity to end up being affiliated with this particular storied franchise," Harris said in July. "As a field hockey fan which attended college around Philadelphia with household root base here, I have constantly experienced a solid link with that city in addition to the particular 76ers."

Marc Stein, ESPN.com older writer

Doug Collins is not going to continue to be the actual coach, but seemed to be inquired in order to stay with the Palestra in addition to freely added together with praise coming from their brand-new bosses.

Adam Aron, the first sort chairman in addition to CEO associated with Vail Resort, will be the chief acting officer plus assured cost-saving changes for fans. The proclaimed ticket costs for close to 9,000 seat designs might be slashed. Tickets costing $101 and $54 plummeted for you to $54 plus $29.

The Sixers as well presented NewSixersOwner.com in order to solicit admirer comments in a strong endeavor to energize the actual buff base.

Harris and Co. did every little thing although tackle the actual roster. The meandering NBA lockout stopped specific discuss people including a blueprint to develop a championship workforce off limits.

Among the particular long report on brand new managers as well as traders incorporate co-managing seller David Blitzer, original NBA gambler agent and also Sacramento Kings executive Jason Levien, GSI Commerace CEO Michael Rubin, real estate property investors, picture producers, and Hollywood power couple Will Smith in addition to Jada Pinkett Smith.

"At the finale in the day, Josh could be the taking care of partner," Blitzer said. "He's in fact an incredible listener. He'll take in lots more of that opinions. But afre the wedding belonging to the day, Josh reaches make the call. It's not like you will find 15 those who almost all have rights to vote and declare that in addition to complete that."