As Derek reported on Friday, the sale of the Philadelphia 76ers was approved by the fancy people on the NBA Board of Governors. Now that the switch is official, the new ownership is holding a press conference today at 11:30 AM eastern time at the Palestra. Derek is there to ask the most hard hitting questions to the new suits running the show. Follow his twitter feed for all updates including what Joshua Harris will be wearing (that's what I'm most concerned about anyway).
The press conference will be streaming live on the official Sixers website at 11:30. This is the first sort of, kind of basketball news that has nothing to do with the lockout, so let's live it up and thread together for old time's sake.
Update: As reported by duck-loving Legend in the comments (courtesy our friend Tom Moore), apparently Will Smith and Jada Pinkett are part of the investment group taking over ownership. Here's to hoping the 2011-2012 Sixers tagline will be "Sixers Basketball: Welcome to Earth".