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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Prince J. Grimes

Why Fanatics CEO Michael Rubin has to sell his stake in the Philadelphia 76ers, New Jersey Devils

Popular Philadelphia 76ers minority owner Michael Rubin will be selling his ten percent stake in the company that owns the Sixers and New Jersey Devils, he announced in a letter to fans Wednesday.

The CEO of Fanatics, a licensed sports merchandise behemoth, Rubin explained that the expansion of his company into other businesses, including sports betting, creates a conflict of interest for him as a team owner.

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