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July 14 CSN Philly
Pending league approval, the Philadelphia 76ers have changed ownership for the fifth time in franchise history. A group led by billionaire Joshua Harris, a director at Apollo Global Management LLC, has reached an agreement to buy the Sixers from Comcast-Spectacor. The ownership group also consists of David Blitzer; senior managing director of The Blackstone Group; Jason Levien, a former player agent and Sacramento Kings executive; and Art Wrubel (meet the new ownership). Terms of the deal were not disclosed, but the sale is believed to be for $280 million. Apollo and Blackstone are not involved in the transaction; the group is making personal investments.
July 14 CSN Philly
Less than three weeks after fulfilling a lifetime dream and being drafted by his hometown Sixers, Lavoy Allen is now headed to France. The former Temple star was selected 50th overall by the Sixers in the second round of the NBA draft, but with the ongoing NBA lockout, the 2011-12 season is uncertain. A number of NBA players, including New Jersey Nets star Deron Williams, have already signed overseas contracts with opt-out clauses if the lockout is resolved. Allen is the latest player to take his talents to Europe.
July 14 ESPN.com
NBA Players Association executive director Billy Hunter sent a memo to all players Tuesday saying he supports all members of the union in their attempts to play elsewhere. In a memo sent to players on Tuesday night and obtained by ESPN on Wednesday, the union leader said the NBPA supports all players “who are taking steps to continue to earn a living, stay in peak competitive shape, and play the game that we love while the unfortunate league-imposed lockout is in place.”
TALKIN BOUT PRACTICE: Sixers blog
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