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SBD/July 9, 2013/Franchises
Scott O'Neil Impressed By 76ers Ownership; Adam Aron To Head New Investment Fund
Published July 9, 2013
NEW VENTURES: 76ers Majority Owner Josh Harris yesterday said, "I always wanted to bring in a world-class team that could lead this organization into the next 10 to 20 years." He added, "You don't always know when people like Scott O'Neil and Sam Hinkie are going to become available, so it's hard to put those people in place. I'm very excited about the team we have." In Philadelphia, Bob Cooney notes the team in O'Neil has "someone who is considered one of the brightest marketing minds in all of sports." Harris said, "When he became available, it was a no-brainer. He's a great team builder." Meanwhile, Aron yesterday "assured that he wasn't fired." He said, "I could have stayed, but I chose not to. I loved my 2 years with the Sixers and I think we all did a great job of re-engaging the team with the fans. I'm sure that will continue" (PHILADELPHIA DAILY NEWS, 7/9). In New Jersey, Eliot Shorr-Parks reported Aron will become Chair & CEO of a "new investment vehicle funded by members of the Sixers ownership group" (NJ.com, 7/8). Aron said that he has "increased his ownership stake in the franchise." He said, "It's a move of my making. I wasn't pushed, shoved or asked to go" (AP, 7/8). Aron said of the new investment fund, "It's good, it's exciting, it's big, it's fun, and it obviously grabbed my attention right away. When Josh told me he wanted to go down this road, I jumped at the opportunity to go with him. It's a decision that I made, and I'm giving up one very good thing for another good thing. We haven't acquired, yet, what I hope we can acquire, but for that to be as fruitful as I hope it can be, we have to be successful in our acquisition efforts. I'm very confident that we'll find attractive investments" (CSNPHILLY.com, 7/8).