Tag:Jason Levien
Posted on: July 12, 2011 2:28 pm
Edited on: July 12, 2011 2:39 pm
 

Comcast has deal to sell Sixers to investors

Comcast-Spectacor has a deal in place to sell the Philadelphia 76ers to an investor group led by Joshua Harris of Apollo Global Management, LLC, CBSSports.com has learned.

There was no immediate word on a sale price, which does not include the Wells Fargo Center or the NHL's Flyers, sources said Tuesday.

David Blitzer of The Blackstone Group will join Harris as lead partner, according to sources familiar with the deal. Former player agent and Sacramento Kings executive Jason Levien also is part of the proposed ownership group, sources said. Apollo, which describes itself on its web site as specializing in "contrarian" investments and "distressed" assets, and Blackstone are not involved in the transaction.

The Detroit Pistons were recently sold to Tom Gores and his Beverly Hills-based investment firm, Platinum Equity, for a reported $325 million. Gores is a native of Flint, Mich., and attended Michigan State. Harris is a graduate of the University of Pennsylvania's Wharton School of Business in Philadelphia. Apollo has offices in New York City, Purchase, N.Y., Los Angeles, Europe and Asia.

The sales agreement is subject to approval by the NBA's Board of Governors.
Posted on: July 17, 2010 11:20 pm
Edited on: July 19, 2010 12:38 am
 

Pritchard joins Hornets' interview list


LAS VEGAS -- In a fast-moving search for a general manager to replace the fired Jeff Bower, Hornets officials have interviewed former Trail Blazers GM Kevin Pritchard, former Suns executive David Griffin and Wizards executive Tommy Sheppard, with the intention of further escalating their search early next week, sources with knowledge of the situation told CBSSports.com.

Griffin, who left the Suns' front office in the wake of team president Steve Kerr's departure, joins Sheppard, Pritchard and Spurs executive Dell Demps on the list of candidates Hornets president Hugh Weber has spoken with about the job. Demps has met twice with Hornets officials, including having dinner with coach Monty Williams Friday night. Demps and Williams were teammates in San Antonio and have been friends ever since.  Sheppard, the top assistant under GM Ernie Grunfeld, is a rising star among NBA execs and was instrumental in quickly and responsibly slashing the Wizards' payroll after the Gilbert Arenas situation last season. Pritchard interviewed for the job Saturday, two people familiar with the Hornets' search told CBSSports.com.

Due to their relationship, Demps is believed to be a prohibitive favorite for the job -- but also is a strong candidate to be installed as the personnel man under incoming Suns president Lob Babby, a former player agent who is scheduled to arrive in Phoenix Monday to be fornally introduced as the team's new head of basketball operations.

The Hornets also have expressed interest in former Trail Blazers execs Kevin Pritchard and Tom Penn and former Kings assistant GM Jason Levien. Also, Bucks assistant GM Jeff Weltman is expected to be on the Hornets' radar. Weber flew back to New Orleans Sunday, and the Hornets are hoping to have a GM in place by midweek or the end of the week, sources say.






 
 
 
 
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