Meet the new Sixers owners

Posted: July 14, 2011

The sale of the 76ers from Comcast-Spectacor and Ed Snider to an investment group led by billionaire Joshua Harris was completed yesterday, pending NBA approval and closing procedures. Here are snapshots of the four members of the group who have been publicly identified:


 The 46-year-old billionaire and graduate of the University of Pennsylvania's Wharton School is a senior managing director at Apollo Global Management, a New York-based investment firm that went public in April, has assets valued at $70 million and specializes in leveraged buyouts. He has an estimated worth of $1.2 billion, according to Forbes. Harris, who earned his MBA from Harvard Business School, co-founded Apollo in 1990. He previously worked in the mergers and acquisitions group of Philadelphia-based Drexel Burnham Lambert Inc. He lives in New York City and is a married father of four, according to Forbes. Harris remains a member of the Wharton undergraduate executive board, according to his company bio.


He attended Wharton at roughly the same time as Harris. He works for the Blackstone Group in its London office. According to his company bio, Blitzer has been with Blackstone since 1991 and has been involved in the company's investments in Spirit Group, SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corp., Southern Cross, NHP, Orangina and United Biscuits.


He is a former player agent who resigned last year as a Sacramento Kings executive and has the most obvious ties to basketball. He represented Luol Deng when he signed a 6-year, $80 million deal with Chicago in 2008, Kevin Martin when he signed a $55 million deal with Sacramento in 2007, and Udonis Haslem when he signed a $33 million deal with Miami in 2005. Levien was named general counsel and assistant GM of the Kings in 2008. He was promoted to senior vice president in March 2010, but resigned in July. He had been touted at one point as a possible successor to Geoff Petrie as the Kings' general manager and his name was among those reportedly under consideration for the GM job in Phoenix last summer, according to


Wrubel's name had not surfaced before last night. He is a 1987 Wharton grad and is a portfolio manager for Wesley Capital Management in New York. The company's holdings are valued at more than $425 million.

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