
The Philadelphia 76ers are owned by Harris Blitzer Sports and Entertainment (HBSE), a private sports investment group led by Josh Harris and David Blitzer. HBSE acquired the franchise in 2014 for approximately $290 million. The 76ers compete in the NBA Eastern Conference and are headquartered in Philadelphia, Pennsylvania.
Parent Company
Acquired
2014
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Philadelphia 76ers | Harris Blitzer Sports & Entertainment | Wholly owned |
The franchise that became the Philadelphia 76ers was founded in 1946 as the Syracuse Nationals, one of the original teams in the Basketball Association of America (BAA). The BAA merged with the National Basketball League in 1949 to form the NBA. The Nationals won the NBA Championship in 1955, defeating the Fort Wayne Pistons in seven games. That was the franchise's first title.
In 1963, a group of Philadelphia investors led by Irv Kosloff and Ike Richman purchased the Nationals and relocated the team to Philadelphia. The franchise was renamed the Philadelphia 76ers, a reference to 1776 and the signing of the Declaration of Independence in Philadelphia. The name change marked the beginning of a new era for the franchise.
The 1966-67 season produced one of the greatest teams in NBA history. Coached by Alex Hannum and led by Wilt Chamberlain, the 76ers won 68 games, ending the Boston Celtics' eight-year championship dynasty. They defeated the Celtics in the Eastern Division Finals and went on to win the NBA Championship over the San Francisco Warriors. That 76ers team is widely considered one of the best regular-season teams in NBA history.
The franchise won its third NBA Championship in 1983. Coached by Billy Cunningham and led by Julius Erving and Moses Malone, the 76ers went 65-17 in the regular season and swept the Los Angeles Lakers in the NBA Finals. Malone famously predicted a sweep in every series, and the team nearly delivered, losing only one game in the entire postseason. That championship was the franchise's last NBA title to date.
The late 1980s and 1990s were largely unsuccessful. Charles Barkley carried the team through the early 1990s, but the franchise missed the playoffs multiple times and traded Barkley to the Phoenix Suns in 1992. The 76ers drafted Allen Iverson with the first overall pick in 1996. Iverson won NBA MVP in 2001 and led the team to the NBA Finals that same year, where they lost to the Lakers in five games. Iverson was traded in 2006, and the franchise entered another extended period of mediocrity.
In 2014, Harris Blitzer Sports and Entertainment acquired the franchise from Comcast Spectacor. The new ownership group hired Sam Hinkie as general manager, who implemented a controversial rebuilding strategy known as "The Process." The strategy involved deliberately losing games to accumulate high draft picks. The 76ers drafted Joel Embiid third overall in 2014 and Ben Simmons first overall in 2016. Hinkie resigned in 2016, and Bryan Colangelo replaced him.
The 76ers returned to the playoffs in 2018 under coach Brett Brown. Joel Embiid developed into one of the NBA's dominant centers, earning All-Star selections annually from 2018 onward. The 76ers won 52 games in the 2017-18 season but lost to the Boston Celtics in the second round. In 2019, the team won 51 games and lost to the Toronto Raptors in a dramatic Game 7 in the Eastern Conference Semifinals, ending on Kawhi Leonard's buzzer-beating shot.
Daryl Morey was hired as president of basketball operations in 2020. Morey traded for James Harden in 2022, forming a star pairing with Embiid. The 76ers reached the Eastern Conference Semifinals in 2021, 2022, and 2023, losing each time. Embiid won the NBA MVP award in the 2022-23 season, averaging 33.1 points per game. Harden was traded to the Los Angeles Clippers in November 2023.
The 2024-25 season was a disaster. The 76ers signed Paul George to a maximum contract in the 2024 offseason, but injuries to Embiid, George, and Tyrese Maxey limited the trio to very few games together. The team was swept by the New York Knicks in the first round of the 2025 playoffs. Morey traded Jared McCain, the 2024 first-round pick, to the Oklahoma City Thunder at the 2025 trade deadline in exchange for draft picks, a move that drew heavy criticism.
On May 13, 2026, the 76ers fired Daryl Morey after six seasons. The team never advanced past the second round under Morey, posting a 270-212 regular-season record and a 28-26 playoff record. Nick Nurse was retained as head coach for a fourth season. Bob Myers, president of sports at HBSE, is leading the search for Morey's replacement and overseeing basketball operations on an interim basis. The 76ers hold the 22nd pick in the 2026 NBA Draft.
What teams does HBSE own?
HBSE owns the Philadelphia 76ers (NBA), New Jersey Devils (NHL), Delaware Blue Coats (NBA G League), and Utica Comets (AHL). In June 2025, HBSE was awarded a Philadelphia WNBA expansion team for a $250 million franchise fee, with play beginning in 2030. The company also holds minority stakes in Crystal Palace (Premier League) and Joe Gibbs Racing (NASCAR).
Who owns Harris Blitzer Sports & Entertainment?
HBSE is privately owned by Josh Harris and David Blitzer. Harris is a co-founder of Apollo Global Management and Blitzer is a senior managing director at Blackstone Group. A group of limited partners holds minority stakes, including David Adelman, Art Wrubel, Jason Levien, and others.
How much is HBSE worth?
CNBC valued HBSE at $14.58 billion in July 2025, ranking it third on its 2025 Most Valuable Sports Empires list. The valuation reflects the aggregate value of the company's sports franchise holdings, venue operations, and investment portfolio.
Does Josh Harris own the Washington Commanders through HBSE?
No. Josh Harris acquired the Washington Commanders in 2023 for approximately $6.05 billion through a separate ownership group, not through HBSE. However, HBSE does manage non-NFL events at Northwest Stadium, the Commanders' home venue in Landover, Maryland.
Is HBSE publicly traded?
No. HBSE is a privately held company with no plans for an initial public offering. In September 2025, Josh Harris stated at CNBC's Game Plan conference that sports assets trade below their intrinsic value in public markets, making private ownership preferable.
Who is the CEO of HBSE?
Tad Brown serves as CEO of Harris Blitzer Sports & Entertainment. Bob Myers, former general manager of the Golden State Warriors, was named company president in October 2025.
How much did Harris and Blitzer pay for the 76ers?
Josh Harris and David Blitzer led an investment group that purchased the Philadelphia 76ers from Comcast Spectacor in 2011 for approximately $280 million. The franchise's value has increased substantially since the acquisition based on NBA franchise valuation trends.
What arena do the 76ers play in?
The 76ers currently play at the Wells Fargo Center in Philadelphia. In January 2025, HBSE abandoned plans for a downtown arena called 76 Place at Market East and announced a partnership with Comcast Spectacor to build a new arena in the South Philadelphia Sports Complex, expected to open by 2031. The new arena will also host the Philadelphia Flyers and the Philadelphia WNBA team.
The Philadelphia 76ers do not hold independent sustainability certifications. As a professional sports franchise, their community and environmental initiatives operate through the 76ers Foundation and NBA Cares programs.
The 76ers Foundation runs community programs focused on youth basketball, education, and social justice in Philadelphia. The Enrich Program, a partnership with Bank of America, supports entrepreneurs from underserved communities in Philadelphia. The program provides resources, mentorship, and financial support.
Wells Fargo Center participates in NBA Green initiatives, which include waste reduction, energy efficiency, and fan education programs. The arena has implemented recycling and composting systems. The planned new arena, scheduled to open in 2031, is expected to incorporate modern sustainability standards, though specific certifications have not been announced.
The 76ers do not publish an independent sustainability report. Community impact and environmental initiatives are reported through NBA league-wide programs and the team's foundation communications. No greenwashing controversies have been documented against the franchise.
The 76ers have won three NBA Championships: 1955 (as Syracuse Nationals), 1967, and 1983. The 1967 team, led by Wilt Chamberlain and coach Alex Hannum, won 68 games and ended the Boston Celtics' eight-year championship run. The 1983 team, led by Julius Erving and Moses Malone, went 65-17 and swept the Lakers in the Finals.
The franchise has produced five NBA MVP winners. Wilt Chamberlain won three consecutive MVPs from 1966 to 1968. Julius Erving won in 1981, Moses Malone in 1983, Allen Iverson in 2001, and Joel Embiid in 2023. The 76ers are one of only four NBA franchises with five or more MVP winners.
Other individual awards include NBA Finals MVP (Moses Malone, 1983), Defensive Player of the Year (Dikembe Mutombo, 2001), Rookie of the Year (Allen Iverson 1997, Michael Carter-Williams 2014, Ben Simmons 2018), Most Improved Player (Dana Barros 1995, Tyrese Maxey 2024), and NBA Sportsmanship Award (Eric Snow 2000, Tyrese Maxey 2024). The franchise has had two NBA Coach of the Year winners: Dolph Schayes in 1966 and Larry Brown in 2001.
Numerous 76ers players and contributors are inducted into the Naismith Memorial Basketball Hall of Fame, including Wilt Chamberlain, Julius Erving, Moses Malone, Allen Iverson, Charles Barkley, and coach Larry Brown.
The 76ers have been fined multiple times by the NBA for injury reporting violations. In December 2024, the NBA fined the franchise $100,000 after the team listed Joel Embiid as "out" in their initial injury report but he subsequently played 30 minutes in a double-overtime loss to the Atlanta Hawks. This was the third fine for injury reporting violations related to Embiid's status. The NBA cited the team's "prior history of fines" when determining the penalty.
In March 2025, the NBA began investigating the 76ers for potential violations of the league's Player Participation Policy. The investigation focused on the absences of Paul George and Tyrese Maxey, with George publicly admitting to playing through injuries. The investigation was part of the league's broader enforcement of player participation rules designed to protect competitive integrity and the interests of fans and bettors who rely on official injury reports.
The "Process" era, from 2014 to 2016, drew significant controversy. General manager Sam Hinkie implemented a deliberate tanking strategy, accumulating draft picks by fielding uncompetitive rosters. The strategy produced future stars including Joel Embiid and Ben Simmons but was widely criticized by fans, media, and NBA commissioner Adam Silver. Hinkie resigned in 2016, and the NBA approved the hiring of Bryan Colangelo as his replacement in a move widely seen as league-directed. The Process remains a subject of debate in NBA circles.
In 2018, Bryan Colangelo resigned as general manager after a report revealed that multiple anonymous Twitter accounts had been used to criticize 76ers players, disclose sensitive medical information, and defend Colangelo's tenure. Colangelo denied operating the accounts but attributed them to his wife. The 76ers conducted an internal investigation, and Colangelo resigned in June 2018. The team hired Elton Brand as his replacement.
The firing of Daryl Morey in May 2026 followed a season in which the 76ers went 47-35 and were swept in the first round of the playoffs by the New York Knicks. Morey's trade of Jared McCain to the Oklahoma City Thunder at the 2025 trade deadline drew heavy criticism, as McCain had been performing well with the Thunder. Managing partner Josh Harris acknowledged the disappointment, stating that the franchise owed it to the fans and the city to be better.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
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| Madison Square Garden Sports | USA | 1946 | Mass market | Global | All Genders | |
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| Madison Square Garden Sports | USA | 1997 | Mass market | Global | All Genders | |
| Madison Square Garden Sports | USA | 1926 | Mass market | Global | Unisex | |
| Harris Blitzer Sports Entertainment | USA | 2008 | Mass market | United states | All Genders |
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