Adam Aron is out as CEO of the Philadelphia 76ers. It just took a little longer to make it all official and stuff, but the demise is real this time.
Aron will be replaced by former MSG President Scott O'Neil. No word on whether O'Neil is a fan of Twitter, moose, or t-shirt cannons.
Both Aron and O'Neil spoke to the Associated Press on Monday morning to confirm the changes. Aron said he has increased his ownership stake in the team and could have stayed on as CEO but wanted to make the change. Uh huh. O'Neil mentioned former Sixers exec Pat Croce as an inspiration.
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Adam Aron tells The AP it was his decision to step aside as he pursues another business interest. "I wasn't pushed, shoved or asked to go."
— Dan Gelston (@APgelston) July 8, 2013
Adam Aron will become chairman and CEO of a new investment fund backed my some members of the Sixers ownership group.
— Dan Gelston (@APgelston) July 8, 2013
Former MSG prez Scott O'Neil to The AP, "I'll certainly be a visible face of the franchise for sure." He credits Pat Croce as an inspiration
— Dan Gelston (@APgelston) July 8, 2013
Adam Aron will remain on the team's board of directors and said he has increased his ownership stake in the franchise.
— Dan Gelston (@APgelston) July 8, 2013
News
New 76ers CEO Scott O'Neil a big Pat Croce fan: "He liked scaling down bridges. Now, that's not me. But do I engage fans? Of course."
— Dan Gelston (@APgelston) July 8, 2013
Adam Aron on moving on to new biz venture: "I could have remained in position as CEO of the 76ers, but this is what I wanted to do,"
— Dan Gelston (@APgelston) July 8, 2013
The full story here.