FOX SPORTS: Michael Rubin Selling Leadership Stake in Philadelphia 76ers, New Jersey Devils

Michael Rubin — the billionaire known for having the ears of star athletes, league offices and team owners — is selling his 10% stake in Harris Blitzer Sports & Entertainment, the parent company of the Philadelphia 76ers and New Jersey Devils, he told FOX Sports in an interview this week. 

Rubin, 49, has played a key role in the Sixers’ recent transformation into perennial contenders but said his day job as the chief executive of Fanatics, the sports platform company he purchased in 2011, rendered his position with the Sixers untenable. Fanatics has exploded in recent years — in March, it was valued by investors at $27 billion, up from $4.5 billion in 2017 — partly thanks to its expansion into new businesses that put Rubin at odds with the rules and bylaws that govern professional sports leagues and prevent executives and owners from entering business relationships with opposing players…