Michael Rubin To Sell His 76ers Stake; Rick Ross Wants In

Ten percent of the Philadelphia 76ers are up for grabs and Rick Ross wants it.

Just a few weeks ago, music mogul, Rick Ross, expressed interest in purchasing a five percent stake in the Miami Dolphins.

Now, Ross has let everyone in the world know that he wants in on purchasing a ten percent ownership stake in the Philadelphia 76ers as represented in a post via Instagram that read, “I’ll buy his 10% lol.”

Ross’ move followed Michael Rubin’s announcement to sell his minority stake in the Sixers. Rubin, who is worth $8 billion according to Forbes, purchased the 76ers for $290 million with an ownership group in 2011. As CEO of Fanatics, Rubin plans to turn his attention toward the sports gambling world to accelerate the brand.

“Today, Fanatics has quickly transformed into a global digital sports platform across multiple businesses, with more than 10,000 employees in 57 countries and serving nearly 100 million sports fans worldwide. As our Fanatics business has grown, so too have the obstacles I have to navigate to ensure our new business don’t conflict with my responsibilities as part-owner of the Sixers,” Rubin wrote on Instagram.

He continued: “With the launch of trading cards and collectibles this year–which will have individual contracts with thousands of athletes globally- and a soon-to-launch sports betting operation, these new businesses will 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.”


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