Since Josh Harris took over as the Philadelphia 76ers managing owner in 2011, the team has earned a record of 144-332, giving them a winning percentage of .302 over that time period. In the same time period, the value of the franchise has skyrocketed. Harris and his investment group acquired the Sixers from Comcast Spectator for a measly $280 million, and as of February the team was valued at $800 million, a 185 percent increase in total worth and a 14 percent increase in the past year alone.
Those two numbers signify the Sixers’ financial success despite their many on-court and PR failures are a microcosm for how the organization operates, with a Wall Street, money-over-everything mentality that only could’ve been installed by hedge fund guru Josh Harris.