PHILADELPHIA (AP) - Adam Aron has stepped down as Philadelphia 76ers CEO and been replaced by former Madison Square Garden Sports president Scott O'Neil.
Aron will remain on the team's board of directors and said he has increased his ownership stake in the franchise. Aron was part of the ownership group that bought the franchise in 2011.
Aron and O'Neil, both of whom spoke to The Associated Press, were set to inform the staff of the change on Monday.
Led by majority owner Josh Harris and Aron, the new ownership group attempted to win back fans with slashed ticket prices, confetti cannons, and other fan-friendly promotions, like reconnecting with past stars.
Aron tells the AP it was his decision to step aside as he pursues another business interest.

Top NBA Public Bets

NBA Top Stories

Thumbnail Warriors vs. Thunder Game 6 Pick Will it be another offensive showcase in Game 6 between the Golden State Warriors and the Oklahoma City Thunder tonight at...
Thumbnail Cavaliers vs. Raptors Prediction With an opportunity for the Cavaliers to knock off the Raptors, will Game 6 tonight at 8:30PM ET be low-scoring?
Thumbnail Thunder vs. Warriors Game 5 Pick Will the Oklahoma City Thunder close out Western Conference Finals tonight when they face the Golden State...
Thumbnail Raptors vs. Cavaliers Game 5 Pick The Toronto Raptors and Cleveland Cavaliers meet up in Game 5 of the Eastern Conference Finals tonight....
Thumbnail Warriors vs. Thunder Game 4 Pick Will the Oklahoma City Thunder and the Golden State Warriors have another big shootout tonight in Game 4 at 9PM...
More inNBA Articles  

NBA Team Pages