Comcast take over Philadelphia Flyers

By iSportconnect | September 23, 2016

Media giant Comcast is set to assume full control of NHL ice hockey side the Philadelphia Flyers after agreeing a deal to acquire the stake in the team’s parent company, sale held by the late Ed Snider.

Comcast said it will purchase Snider’s 24 per cent stake in Comcast Spectacor, dosage cheap giving it 100% ownership of the company, generic which also owns and operates Wells Fargo Center, the home arena of the Flyers, and the Philadelphia NBA franchise, the 76ers. Terms of the deal were not disclosed.

Snider founded the Flyers in 1967 and owned the team until his death in April at the age of 83. “Ed was a visionary in the sports and entertainment industry and is deeply missed,”  said Brian Roberts, chairman and chief executive of Comcast.

“He planned for this transition and, thanks to his thoughtful approach on succession, Comcast Spectacor is in a strong position. I’m very excited we are able to carry his spirit with us by bringing the company, its leadership, and its thousands of employees fully into the Comcast family.”