By Peter Gleason
Sixers co-owners Josh Harris (above) and David Blitzer have finalized a year-long negotiation to buy a controlling interest in English Premier League club Crystal Palace.
They agreed to a deal in principle last week in which they will obtain a share of the team. Crystal Palace co-chairman Steve Parish, who owns 25 percent of the club, will continue to run day-to-day operations.
According to the English media, Parish reduced his shareholding to be equal with Harris and Blitzer, each holding an 18 percent stake in the team. The remaining 46 percent will be held by a combination of the three existing Crystal Palace investors and other American investors. Co-owners Steve Browett, Martin Long and Jeremy Hosking will reduce their shareholding.
They also own the New Jersey Devils of the NHL.