Now, if the Sixers are sold again, to a New Yorker, it would be the first time a non-Philadelphian has led this once-proud franchise.
Each of the 76ers' four owners have enjoyed highs and lows. Not surprisingly, the city's fans have experienced a love-hate relationship with them all.
They loved Irv Kosloff, the successful paper manufacturer who, with the help of lawyer Ike Richman, bought the Syracuse Nationals in May of 1963 and relocated them, ending the NBA's one-year absence here.
They loved him even more when, in 1964, Kosloff brought Chamberlain back to the 7-foot-1 superstar's hometown, and in 1967, when his 76ers compiled a 68-13 record, then a league record, and captured an NBA championship.
They hated, him, though, when, after the 1967-68 season, he again exiled Chamberlain to California. The greatly diminished Sixers eventually became the league's laughingstock, losing an all-time NBA-worst 73 games in 1973.
They loved Fitz Eugene Dixon because the aristocratic Widener family heir, who bought the team from Kosloff in 1976, possessed deeper pockets than his predecessor.
They hated him, though, because, for all the success and spectacle of his Julius Erving-led teams, the Sixers continued to come up short against the Celtics and Lakers.
They loved Harold Katz when in 1983, two years after the Nutrisystem founder bought the team from Dixon, the Sixers won their first NBA title in 16 years.
They hated him, though, when the brash and meddlesome Katz traded Moses Malone and drafted Shawn Bradley, ushering in another dark period of pro basketball in Philadelphia.
They loved Comcast-Spectacor, which purchased the team from Katz in April of 1996, when the Philly corporation immediately drafted Allen Iverson. Iverson would drive up long-stagnant attendance figures and lead Philadelphia to a 2001 NBA Finals loss against Los Angeles.
They hated Comcast-Spectatcor, though, when a series of bad coaching hires and worse draft picks again sent the team tumbling back in the NBA pack.
Contact staff writer Frank Fitzpatrick at 215-854-5068, firstname.lastname@example.org or follow him on Twitter at @philafitz or on his blog,
"Giving 'em Fitz"