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BREAKING NEWS: Will Smith Buys Part Of The 76’ers

The Fresh Prince of Bel Air has returned to Philadelphia all grown up with a childhood dream in mind. Will Smith, and his wife Jada Pinkett Smith, have taken part in purchasing the Philadelphia 76ers NBA franchise from Comcast with their investment group. Following in the footsteps of celebrities such as Jay-Z, Will Smith has taken a bite out of a team that he grew up admiring and keeping close to his heart. A statement was released Tuesday announcing the investment group’s purchase of the NBA franchise led by Joshua Harris:

The investor group is led by Harris, who will serve as Managing Owner of the 76ers and as the team’s Governor on the NBA Board of Governors. Other investors include David Blitzer, who will serve as Co-Managing Owner and an Alternate Governor of the NBA, CEO Adam Aron who will also serve as an Alternate Governor of the NBA, Martin Geller, David Heller, Travis Hennings, James Lassiter, Marc Leder, Jason Levien, Michael Rubin, Will Smith & Jada Pinkett Smith, Handy Soetedjo, Erick Thohir and Art Wrubel, all of whom have made personal investments in the team. 

 

Comcast invested large amounts of money, made the necessary changes in management when the team showed weakness, and made the necessary bids for free agents to add character and strength to the team. Although it won’t be seen for some time, it will be interesting to witness the direction that the 76ers organization takes while adjusting to new ownership. I am sure that with Will Smith and Jada Pinkett Smith on the roster of owners, they are looking to do nothing but win!

-Amadi Jae for AOM & The HIGH UP. Follow @AmadiJae on Twitter!

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