JUST IN: Fanatics CEO Michael Rubin announced he’s selling his stake in Harris Blitzer Sports & Entertainment, which owns the Sixers and New Jersey Devils.
Fanatics is moving to launch individual contracts with thousands of athletes and a sports betting operation. Both directly conflict with the ownership rules of sports leagues.
“Given these realities, I will sadly be selling my stake in the Sixers and shifting from part-owner back to life-long fan,” Rubin said in a statement.that Rubin’s departure could benefit the Sixers as they work to re-sign James Harden this offseason. “Rubin can now enter outside financial partnerships with players who were disallowed because Rubin was a part-owner of the teams, an avenue that could prove beneficial to the Sixers as they work to re-sign Harden,” ESPN’s Adrian Wojnarowski wrote.76ers Managing Partner Josh Harris on friend and business partner
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