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Will & Jada Pinkett-Smith Invest In Philadelphia 76ers

by Alice Clarke October 18th, 2011 @ 12:46pm
Will and Jada Pinkett Smith

(AllHipHop News) Rapper Will Smith is among a group of investors who are now owners of the Philadelphia 76ers, it was announced today during a press conference.

The sale was unanimously approved by the NBA Board of Governors last week, to investors led by multibillionaire Joshua Harris.

“My partners and I are thrilled to have become owners of the Sixers,” Joshua Harris said in a statement.”It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.”

Will Smith, a Philadelphia native, and his wife Jade Pinkett own undisclosed percentage of Philadelphia 76ers.

The investment makes Will Smith the second major record to have a significant stake in an NBA basketball team.

Jay-Z, who is working with the Smith’s to produce the a film version of “Annie,” also owns a percentage of the Brooklyn Nets.

  • http://soflydiva.com/will-and-jada-pinkett-smith-invest-in-the-sixers/ Will and Jada Pinkett-Smith Invest in the Sixers | So Fly Diva

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  • http://thelabel.se/?p=12835 Will Smith Grabs Up Part Ownership Of The Philadelphia 76ers | The Label

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  • http://www.entmoney.com/2011/10/19/will-smith-becomes-part-owner-of-the-philadelphia-76ers/ Will Smith Becomes Part Owner of The Philadelphia 76ers | Entmoney

    [...] Rapper Will Smith joins an investment group to buy the Philadelphia 76ers according to sources. Durring the official press conference announcing the new ownership led investor, multibillionaire [...]

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