#Rick Ross Wants To Buy Michael Rubin’s Philadelphia 76ers Ownership Stake

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“Rick Ross Wants To Buy Michael Rubin’s Philadelphia 76ers Ownership Stake”

On Wednesday (June 22), 76ers minority owner Michael Rubin announced that he’d be selling his 10 percent stake in the team to further pursue his interests in expanding the Fanatics brand into the sports gambling world, which would create a conflict of interest as an owner.
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The MMG boss hopped into the comment section of Rubin’s Instagram post asking if he could buy his stake in the 76ers franchise.
“I’ll buy his 10% lol,” Rozay commented.
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Rubin purchased into the ownership group in 2011 for approximately $290 million for his 10 percent stake, which has grown exponentially more lucrative in the past decade.
With an estimated net worth of reportedly $45 million, it’s tough to envision Ross having enough liquid assets to make the purchase into the team himself without a group of investors.
The ownership group led by Joshua Harris and David Blitzer also purchased a portion of the New Jersey Devils for a reported $320 million in 2013. Does Rick Ross have any interest in picking up a hockey stick?
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