On Sunday afternoon, shocking news broke regarding the Philadelphia 76ers and their new venue. Weeks after getting city council approval for a downtown arena, t

Negotiations over a potential collaboration between the ownership of the 76ers and the Flyers accelerated during the holidays after NBA Commissioner Adam Silver helped thaw relations.

The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

Comcast Corp. and Harris Blitzer Sports & Entertainment agreed to a 50-50 joint venture to build the NBA’s Philadelphia 76ers and hockey’s Flyers a new arena in the South Philadelphia Sports Complex.

Comcast (NASDAQ:CMCSA) has taken a minority stake in the Philadelphia 76ers basketball team, according to a press release from Monday. The media and cable giant has signed a 50/50 joint venture with Harris Blitzer Sports & Entertainment (HBSE) to build a new arena in the South Philadelphia Sports Complex for the NBA team and for the Philadelphia