Julius Erving, according to the Philadelphia Daily News, has put together an ownership group to purchase the Sixers from Comcast-Spectacor.

The club could be sold for as much as $450 million, which would be an NBA record.

An August 4th statement released by the organization is something they are still standing behind.

"We have been approached by multiple parties interested in purchasing the Philadelphia 76ers, particularly in the wake of recent speculation. While this is not the first time we have received some inquiries, we have decided to engage the services of Galatioto Sports Partners, an industry-leading sports-investment firm, to help us evaluate our strategic alternatives, including a sale or a new partnership. We emphasize that no decision has been made to sell the 76ers."