Monday, June 27, 2022

High profile rapper interested in buying Sixers ownership interests

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Famed rapper Rick Ross is interested in acquiring a minority stake in the Philadelphia 76ers. The Maybach Music artist revealed his intentions by diving into the comments section of Michael Rubin’s farewell Instagram post to Sixers fans. Ross wrote: “I buy his 10% lol.”

Rubin is selling its 10% stake in the Sixers over a business conflict of interest as the prominent CEO seeks to expand its Fanatics brand into sports betting and individual player partnerships. It’s unclear if his shares in the Sixers are for sale, but consider Ross interested. The Miami native had been trying to earn a 5% interest in his hometown Dolphins, and he often does enthroned at court in heat games.

Was Ross just messing around on social media? Or was the boss serious? That’s the $290 million question. According to The Associated Press, Rubin spent $290 million on his 10 percent stake in the Sixers in 2011. That price has skyrocketed, with the franchise being valued at $2.45 billion (via Forbes). Ross has a combined net worth of $45 million per Celebrity Net Worth, so he’d probably need partners to get a piece of the pie.

Meanwhile, Rubin vowed to remain a permanent fixture on the field at Sixers games and made a renewed vow on Instagram: “The Philadelphia 76ers will ALWAYS be my team. You’ll continue to find me in my usual seat at the Wells Fargo Center, screaming with you louder than usual and soaking up the best energy in any arena on earth.” That means the seat next to him will likely still be occupied by Meek Mill.

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There’s more smoke surrounding the rumors linking PJ Tucker to the Sixers. Veteran NBA reporter Marc Stein called Philadelphia “by far the favorite” to sign Tucker if he is actually ready to leave the Miami Heat. Stein wrote the following:

Earlier this week it was reported that Tucker would turn down his $7.4 million player option for the 2022-23 season. The Morey connection is real, and Joel Embiid revealed he wanted Tucker in a Sixers uniform.

While much of the speculation has centered on the Sixers trading the number 23 in Thursday’s draft, there’s a chance they’ll stick with it and take an Impact rookie.

According to Liberty Ballers, it’s not a “tucker-or-bust” situation in the first round. And the Sixers are “not desperate” to move the pick.

“The team would be comfortable making the choice and have a roster of players they feel could help.” wrote Paul Hudrick. “As a team outside of the lottery, they looked at what they could get in exchange for this choice.”



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