Michael Rubin has announced he’s selling his share of the Philadelphia 76ers, which Rick Ross says he’s keen on purchasing. The Fanatics CEO, who is selling his 10% ownership in HBSE, the company which owns the 76ers and the New Jersey Devils, shared the news of his departure from the ownership group on Wednesday, citing the ever-growing responsibilities of owning Fanatics, the online retailer of licensed sportswear, sports equipment, and merchandise.
Fanatics is also looking to launch a sports-betting division in the foreseeable future, which would be a direct conflict of interest for those working in sports, particularly owners of a sports team. The 49-year-old businessman stated on Instagram that he’s choosing his burgeoning business over his fandom but will continue rooting for the team, “screaming louder than I usually do” from his usual seat at the Wells Fargo Center.
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The IG post appeared to have gotten the attention of Rick Ross, who showed interest in potentially buying a share in the team, writing, “I’ll buy his 10% lol.” While the “lol” could imply that the “Push It” rapper was joking, it’s not far-fetched to believe that Rozay could actually be serious about becoming a co-owner of the 76ers, considering he’s already a fixture courtside at the Miami Heat games and has invested millions in lucrative businesses over the years.
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With a reported net worth of $45 million, Rick Ross may need the support from his wealthy pals such as Jay-Z or Diddy to chime in, especially since the 76ers value has undoubtedly skyrocketed since 2011 when Michael bought his share for $290 million. The team has since become the 11th highest valued among the NBA’s roster, with an estimated $2.45 billion worth.