Rapper Will Smith is among a group of investors who are now owners of the Philadelphia 76ers, it was announced today during a press conference.

The sale was unanimously approved by the NBA Board of Governors last week, to investors led by multibillionaire Joshua Harris.

“My partners and I are thrilled to have become owners of the Sixers,” Joshua Harris said in a statement.”It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.”

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