The owner of the Philadelphia 76ers reached an agreement to sell the National Basketball Association team to a group led by Joshua Harris, a director at Apollo Global Management LLC.
The Philadelphia 76ers continue to defy the Las Vegas oddsmakers and have extended their National Basketball Association record to 3-0 with a 107-104 victory over the Chicago Bulls.
Rod Thorn was named the president of the Philadelphia 76ers, the same position he held with the New Jersey Nets before stepping down in June.
A Comcast Corp. unit was sued by former Portland Trailblazers President Bob Whitsitt over a finder’s fee related to the sale of the Philadelphia 76ers basketball team.
Bloomberg Surveillance: Yorkmark, O’Neil, Barber, Pagliuca