Philadelphia 76ers owner Josh Harris reportedly is interested in selling off his NBA franchise and trading up for the NFL’s first London team, according to Mitch Lawrence of Forbes.
“Philadelphia Sixers billionaire owners Josh Harris and David Blitzer are gunning to own the first NFL team in London, industry sources tell Forbes.
‘They’re more interested in getting the NFL in London than they are in the NBA,’ the source said. ‘Their No. 1 goal is to get the NFL team in London. They want to flip the Sixers anyway.'”
This report flies in the face of a previous statement Harris made in October when he said he wanted to “be involved with the Sixers for many, many years.”
However, perhaps the recent hire of Jerry Colangelo, who it’s rumored was pushed onto the Sixers by the rest of the NBA owners, has changed things for Harris.
Despite the current state of the franchise, with its 1-21 record, might seem unappealing to the average fan, there is no doubt Philly is an attractive franchise for one trying to make a sale. With a stockpile of young talent, a big market and a head coach in Brett Brown who is in “deep negotiations” on a long-term contract to help develop said talent, it’s not hard to see the appeal.
And if Harris is serious about making the move to London and the NFL, then he might really need to make such a deal to raise the capital for the bold maneuver. According to Forbes, Harris’ net worth is estimated at $2.3 billion, and Neil deMause of Field of Schemes has put a price tag to purchase an NFL expansion team at around $2 billion.
If Harris were to be able to sell his NBA franchise for what Forbes has as an estimated value, then he’d have approximately another $700 million to help him in his NFL endeavor.
(h/t Pro Basketball Talk)