Harold Katz, a renowned Philadelphia businessman, known for his ownership of the Philadelphia 76ers and his role in building Nutrisystem into a national success, has sadly passed away. Katz's legacy includes leading the Sixers to their last NBA championship in 1983 and transforming Nutrisystem into the nation's leading medically supervised weight-control company.
Harold Katz , a prominent Philadelphia businessman known for his ownership of the Philadelphia 76ers and his role in building Nutrisystem into a national weight-loss success story, passed away recently. Katz is perhaps most remembered for leading the Sixers to their most recent NBA championship in the 1982-83 season.
During his tenure as owner from 1981 to 1996, Katz made several notable moves, including the controversial trade of Hall of Famer Moses Malone and other key players to the Washington Bullets for Cliff Robinson and Jeff Ruland in 1986. This trade, along with the decision to give up the first overall pick in the 1986 draft to the Cleveland Cavaliers for Roy Hinson, drew significant criticism from fans and analysts. The Cavaliers subsequently selected Hall of Famer Brad Daugherty with that pick, adding another layer to the debate surrounding Katz's strategic choices. Beyond his impact on the Sixers, Katz's entrepreneurial spirit led him to establish Nutrisystem in 1972. Beginning with a modest investment of $20,000, he opened the first Nutrisystem center in Willow Grove, Pennsylvania. This initial step quickly blossomed into a nationwide franchise, with Nutrisystem becoming the leading medically supervised weight control company in the United States by the time Katz sold it in 1986. This success cemented Katz's reputation as a shrewd businessman and innovator. His ventures extended beyond sports and weight-loss, encompassing a private equity firm, H. Katz Capital Group. Katz was also deeply involved in the Philadelphia community, serving on the boards of directors for various organizations including United Valley Bank, the Hero Scholarship Fund of Philadelphia, and the Police Athletic League. He held prominent positions within the Fellowship Commission of Philadelphia and Children's Hospital of Philadelphia, demonstrating his commitment to improving the lives of others.
Harold Katz Philadelphia 76Ers NBA Nutrisystem Businessman Entrepreneurship Legacy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philadelphia 76ers Choose South Philadelphia for New Arena, Partner with ComcastPhiladelphia 76ers, in a stunning reversal, will build a new arena in South Philadelphia with Comcast Spectacor, abandoning their previous downtown plan. The new arena is slated for completion by 2031.
Read more »
Philadelphia 76ers and Comcast Strike Arena Deal in South PhiladelphiaThe Philadelphia 76ers have agreed to build a new arena in South Philadelphia with Comcast Spectacor, abandoning their previous pursuit of a Center City location.
Read more »
Extra Extra: Why Katz's Deli was fined $20KBecause the eatery has to make some changes, here are your afternoon links: what New Yorkers complained about last year, co-naming streets, Wegman's sushi and more from around the city and internet.
Read more »
Katz's Deli Settles Lawsuit Over ADA ViolationsKatz's Deli, a famous New York City landmark, has agreed to pay a $20,000 fine and make accessibility improvements after a lawsuit filed by the U.S. Attorney’s Office for the Southern District of New York.
Read more »
Illinois Basketball's Big Week Earns High Praise From NCAA's Andy KatzThe Illini were named Team of the Week by the NCAA analyst and leapt into his Power 37
Read more »
Arkansas State wins 68 Ventures Bowl despite historic night for Bowling Green tight end Harold FanninFans from Jonesboro, Arkansas to Bowling Green, Ohio made their way to the Port City to watch the Red Wolves, and the Falcons go head-to-head in this year’s edition of the 68 Ventures Bowl.
Read more »