Michael Rubin is leaving his Sixers ownership role to pursue Fanatics business ventures

He recently entered into the trading card and collectibles business. Other areas that pose a conflict with the leagues involve the Fanatics having direct marketing partnerships with professional athletics. Those partnerships will continue as with the addition of the trading cards and collectibles business. The company also plans to start a gaming and betting division.

“Given Michael’s tremendous success growing Fanatics into a global platform across every major sport, his decision doesn’t come as a surprise,” said Josh Harris, Sixers managing partner and co-owner of HBSE, in a statement. “I am so grateful for his years of partnership. His fierce passion, entrepreneurial mindset and steadfast commitment to doing the right thing have left an indelible mark on the Sixers organization.

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Fanatics CEO Michael Rubin selling stake in company that owns Philadelphia Sixers, New Jersey DevilsFanatics CEO Michael Rubin, a prominent minority owner of the Philadelphia 76ers, is selling his stake in the Harris Blitzer Sports & Entertainment company that owns the Sixers and New Jersey Devils, team officials told ESPN on Wednesday.
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