According to a report from Fox 29 this morning, the sale of the Philadelphia 76ers has been approved by the NBA Board of Governors.
Fox 29 reports the sale to New York based leveraged buyout specialist Joshua Harris was approved by the board this week.
The sale would give Harris control of the NBA franchise, ending Comcast-Spectator’s 15-years of owning the team. During that time, the 76ers made it to the NBA finals.
A person close to the deal spoke to Fox 29 on the condition of anonymity Friday because the sale has not yet closed.
The NBA is in a lockout, with the first two weeks of the season already canceled.