Will Smith Becomes Philly 76ers Minority Owner

Posted on October 18, 2011 /Daily News

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Will Smith, and his wife Jada Pinkett, have become minority investors in the NBA’s Philadelphia 76ers. The happily married couple joins a group of investors (including film producer James Lassiter), led by billionaire Joshua Harris as the new owners of the basketball franchise.

“My partners and I are thrilled to have become owners of the Sixers,” said Harris in the news release. “It’s an honor to be part of this storied franchise. We want to build on the team’s momentum and be world class and cutting edge in everything we do.”

The new owners bought the team from Comcast-Spectacor in a deal reportedly worth $260 million dollars.

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