NBA Lockout Update: New Sixers Owners Willing To Miss Entire Season

With the 5pm deadline set by David Stern for the players to accept the owners latest proposal drawing ever closer, the possibility of the entire NBA season being lost is looking more and more likely. According to Kate Fagan, that’s an outcome the new Sixers ownership wouldn’t be totally unhappy with.

↵

She tweeted the following today.

↵
↵

76ers fans should know where new owners stand: they’ve aligned themselves w/ other hardline owners willing to play “hardball” for best deal.

↵

76ers ownership part of ownership group willing to miss season for most favorable deal

↵
↵

I suppose this shouldn’t come as a huge surprise. Josh Harris made his fortune investing in undervalued or distressed assets. You can be sure he didn’t buy an NBA team to lose money or because he thought the league would agree to some unworkable deal with the players.

↵

Quite the opposite is the most likely. Buying an NBA team right now and forcing a favorable deal for ownership on the players would guarantee that his new asset would rise in value.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join SB Nation Philly

You must be a member of SB Nation Philly to participate.

We have our own Community Guidelines at SB Nation Philly. You should read them.

Join SB Nation Philly

You must be a member of SB Nation Philly to participate.

We have our own Community Guidelines at SB Nation Philly. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.