Will Smith Confirms in Talks to Buy NBA Team
Actor Will Smith has confirmed he is in negotiations to buy the NBA's Philadelphia 76ers.
Smith is part of a group headed by NBA great Julius Irving, currently in talks with the 76ers current owner Comcast-Spectacor, to take over the team.
Smith says, "We're looking into the purchase of the Sixers."
The Smith/Irving group is not the only group currently bidding for the 76ers said Galatioto Sports Partners, the investment firm hired by Comcast-Spectacor to evaluate strategic alternatives, including a sale or a new partnership.
Last month Comcast-Spectacor said that it has decided to retain control of the NBA team after evaluating a possible sale or new partnership.
"Over the last summer, we were presented a variety of proposals involving the purchase of some or all of our interests in the team," Sixers chairman Ed Snider said. "When these parties came to us, it confirmed what we already knew, that the Sixers are a very valuable and popular franchise."
However this is a tactic used buy many companies to increase the offering price.
If the deal closes Smith would be the latest rapper to hold a stake in a professional basketball team. Smith would join Jay-Z (The NETS), Usher (CAVS) and Nelly (BOBCATS) as NBA team co-owners.
Let's Inspire Success, Ownership, and Financial Independence!
As the world faces unprecedented challenges, one thing remains clear: the power to shape our own destiny lies within our hands. At BlackEntrepreneurProfiles.com, we are committed to fostering a brighter future for individuals of African descent worldwide through entrepreneurship and financial empowerment.
Together, let's pave the path to success! Your contribution matters. Donate today and be a catalyst for change.
Latest News & Articles
-
Elon Musk is Richer Than Most African and Caribbean Economies
Created by BlackEntrepreneurProfiles.comWhat happens when you compare the owner of SpaceX to the GDP of South Africa, Jamaica, or St. Vincent? The results are shocking. Discover the massive…
-
Elon Musk Cancels Partnership for Don Lemon's X Show
Created by BlackEntrepreneurProfiles.comElon Musk has ended X's planned partnership with former CNN anchor Don Lemon. This decision comes shortly after Lemon conducted an interview with the…
-
South Africa Opens Its Doors to Remote Workers With New Digital Nomad Visa
Created by BlackEntrepreneurProfiles.comSouth Africa is joining the growing trend of nations recognizing the potential of remote work and is taking steps to attract digital nomads. A newly…
Recently Added Black Entrepreneurs & Executives
-
Kevin Hart
Created by BlackEntrepreneurProfiles.comKevin Hart, widely recognized as a Hollywood A-lister and comedic powerhouse, has established himself as both a successful entrepreneur and a shrewd…
-
Peter Akwaboah
Created by BlackEntrepreneurProfiles.comPeter Akwaboah is a finance industry professional with nearly three decades of experience. He was recently appointed Chief Operating Officer by Fannie…
-
Bolaji Agbede
Created by BlackEntrepreneurProfiles.comBolaji Olaitan Agbede is Acting CEO of Access Holdings Plc following the passing of founding Group Chief Executive Officer, Herbert Wigwe. She is a…
FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.
We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.