NEW YORK – The NBA Board of Governors has unanimously approved the sale of the Philadelphia 76ers to an investment group led by Josh Harris and David Blitzer.

“We are delighted that the NBA’s Board of Governors has approved Josh Harris and David Blitzer’s purchase of the 76ers,” said NBA Commissioner David Stern. “Comcast-Spectacor, led by Ed Snider, has been an exceptional owner for the Sixers, continuing the team’s rich history and tradition.  Josh and David bring vast business experience that will greatly benefit the team as it continues to grow both on and off the court.”

The team’s control owner and NBA Governor will be Mr. Harris.