Who Owns the Philadelphia 76ers
The Philadelphia 76ers are controlled by Harris Blitzer Sports & Entertainment, a holding company co-founded by Josh Harris and David Blitzer. Josh Harris serves as the controlling owner and chairman, while David Blitzer holds a minority ownership stake and remains involved in operations. The group acquired the team in 2011 from Comcast Spectacor, a subsidiary of Comcast Corporation Forbes.
Harris Blitzer Sports & Entertainment also owns the New Jersey Devils of the NHL and the Crystal Palace Football Club in the English Premier League. The organization operates from offices in Philadelphia and New Jersey, managing the 76ers, Devils, and related business assets. The ownership structure is designed to allow shared decision-making while Josh Harris retains final authority over major franchise moves.
76ers Owner Net Worth and Business Background
Josh Harris has an estimated net worth above 6 billion dollars as of recent financial reports, built through co-founding Apollo Global Management and later founding Harris Blitzer Sports & Entertainment. His career began in investment banking and private equity before he shifted focus to sports acquisitions and commercial real estate Forbes.
David Blitzer is a private equity investor and former executive at Blackstone who became a minority partner in the 76ers ownership group. His portfolio includes stakes in multiple professional sports teams and commercial ventures across the United States and Europe. Together, the ownership duo has expanded the 76ers brand into media, real estate, and international sports partnerships.
Philadelphia 76ers Valuation and Financial Performance
The Philadelphia 76ers are valued at approximately 3.3 billion dollars according to the latest Forbes NBA team valuations, placing the franchise among the top 12 most valuable basketball teams in the world. Revenue streams include ticket sales, arena operations, national media rights, sponsorship deals, and merchandise Forbes.
The team plays home games at Wells Fargo Center in Philadelphia, a multi-purpose arena that also hosts concerts and other events to generate non-basketball income. Harris Blitzer Sports & Entertainment continues to invest in facility upgrades and digital media platforms to grow the 76ers brand value over time Forbes.