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Article Date: June 2022
Word Count: 161

Michael Rubin Selling Sixers, Devils Stake

The Fanatics CEO will sell his 10% share of Harris Blitzer Sports and Entertainment, which owns the Philadelphia 76ers and the New Jersey Devils, clearing the way for the licensing juggernaut’s entry into sports betting. All major sports leagues prohibit team owners from involvement in organized gambling. The divestiture could also help resolve perceptions of conflicts of interest stemming from Fanatics’ close relationships with the leagues. It has been reported that the NFL, MLB, NBA, NHL and MLS, along with the ... Log in to view full article.


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