How Much Will Michael Rubin Make From Selling His Stake In The 76Ers And Devils
In 2011, Rubin sold another company, Global Sports Incorporated, to eBay for $2.4 billion, netting himself a $150 million windfall. eBay was only interested in the order fulfillment part of the company, so Rubin was able to buy back multiple parts of GSI at a heavily discounted price. That buyback included Fanatics, where Rubin continues to serve as CEO. Shortly after making that deal, Rubin bought a minority share in his beloved 76ers as part of the Harris Blitzer Sports & Entertainment (HBSE) investment group....