One reasonfor the relatively low sale price for the 76ers is that beginning with the 20111-12 season the 76ers will be a tenant at the Wells Fargo Center and will only get NBA-related revenues from the building and pay rent.
For this reason, current COCOM controls proscribe the sale to the USSR and its allies of machine tools with accuracies greater than plus-or-minus 10 microns (or four ten-thousandths of an inch).
The reason why all those accounting system sales reps vying for our business never got a sale is that they never addressed our fear of the regressive stage of change.
One reason is that, on the Continent at least, many government-owned properties are forsale to the private sector, which gives real estate companies some bargain buys that generate good rental income.
That struck me as a rather strange reasonfor a guy like Anschutz to pull the plug he had Peter Cohen of Blackstone handling the sale (yes, the same gentleman that ran the incredibly successful sale of the Los Angeles Dodgers for Frank McCourt).