Comcast Spectacor
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| Comcast Spectacor | |
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Formerly called
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Spectacor (1974–1996) |
| Subsidiary | |
| Industry | Sports management |
| Founded | 1974 |
| Founder | Ed Snider |
| Headquarters | Philadelphia, Pennsylvania, U.S. |
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Key people
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TBA (Chairman) Fred Shabel (Vice Chairman) Dave Scott,(President) Gary Rostick, (CFO) |
| Parent | Comcast (1996–present) |
| Subsidiaries | Spectra Wells Fargo Center Flyers Skate Zone Philadelphia Flyers |
| Website | Comcast Spectacor |
Comcast Sports Ventures, doing business as Comcast Spectacor is a Philadelphia-based American sports and entertainment company. It owns the Philadelphia Flyers of the National Hockey League and formerly owned the Philadelphia 76ers of the National Basketball Association. The company owns and manages the Wells Fargo Center and formerly managed the Spectrum in South Philadelphia (before that arena was demolished), plus several community skating rinks in the Philadelphia region known as Flyers Skate Zone. The Comcast SportsNet regional sports networks were also owned by Comcast Spectacor prior to parent company Comcast's acquisition of a majority stake in NBCUniversal in January 2011; CSN is now operated through NBC Sports.
The company was formed in 1974 by Flyers founder and chairman Ed Snider as Spectacor, the parent company of both the Flyers and the Spectrum. Snider had been instrumental in getting the Spectrum built in 1967, and assumed control of the arena in 1971. He sold a 63% stake in Spectacor to Comcast in 1996, remaining the renamed Comcast Spectacor's chairman. Shortly afterward, Comcast Spectacor bought the 76ers; as the Spectrum's owner, Snider had been the Sixers' landlord since 1971. Comcast Spectacor sold the 76ers to Joshua Harris in 2011. In April 2016 Ed Snider died at his home in California. On September 22, 2016, Comcast announced that it will buyout the remaining 24% it does not own
Comcast Spectacor is the principal owner of Spectra (formerly Global Spectrum, Ovations and Paciolan). Globally, Spectra serves 300-plus clients at more than 400 properties including public assembly facilities throughout the United States and Canada, such as arenas, civic and convention centers, stadiums, university convocation center, trade and exposition centers, community ice rinks and theaters. Some of the arenas and stadiums currently managed by Spectra are:
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Wikipedia