NBA: Philadelphia 76ers CEO Scott O’Neil resigns after 8 years: Scott O’Neil, the CEO of the Philadelphia 76ers and New Jersey Devils, resigned Wednesday after eight years on the helm.
O’Neil was additionally a restricted accomplice in Harris Blitzer Sports activities & Leisure (HBSE), the father or mother firm that owns each skilled groups. O’Neil’s resignation is efficient instantly, although he’ll help find a successor.
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O’Neil plans to pursue different alternatives.
“Whereas I totally loved each second of my time right here, I’m much more excited to construct, develop, and drive my subsequent platform,” O’Neil mentioned.
HBSE has grown into one of many world’s largest sports activities and leisure firms. The Sixers have been valued at $415 million when O’Neil joined the group in 2013. The franchise is now price $2.5 billion, per Sportico.
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Josh Harris and David Blitzer purchased the Devils a month after O’Neil was employed and shaped HBSE in 2017.
“Scott has completed a lot on behalf of the group in a comparatively brief period of time, driving our progress, tradition, and dedication to strengthening the communities through which we dwell, work, play, and win,” Harris mentioned. “I can’t overstate how a lot we worth Scott’s monumental contributions to the corporate and the way grateful I’m for his management and partnership in making a best-in-class tradition at HBSE. We all know he’ll discover nice success in no matter he chooses to perform sooner or later, and we are going to all the time be amongst his greatest advocates.”
O’Neil additionally spent 4 years as president at Madison Sq. Backyard.