PHILADELPHIA — Scott O’Neil, the CEO of the dad or mum firm that owns the Philadelphia 76ers and New Jersey Devils, has resigned after an eight-year run by which he shepherded The Course of and the Prudential Heart.
O’Neil introduced Wednesday he was leaving Harris Blitzer Sports activities & Leisure after he helped lead scores of initiatives beneath the HBSE banner such because the Grammy Museum on the Prudential Heart and the creation of a state-of-the-art Sixers advanced, each in New Jersey. O’Neil, who beforehand led Madison Sq. Backyard Sports activities, mentioned he didn’t have one other job lined up. HBSE didn’t instantly identify a successor.
O’Neil changed Adam Aron, now the CEO of AMC Leisure, in 2013 and labored beneath Sixers and Devils house owners Josh Harris and David Blitzer. The house owners merged their holdings in 2017 and fashioned HBSE. HBSE expanded into possession with different sports activities and leisure firms.
“I am leaving as a result of it is time,” O’Neil mentioned by telephone. “I keep in mind what it was like once we first walked in right here, and to suppose we have grown this enterprise, over $2 billion in worth over six occasions in eight years, that is what I do. Hypergrowth, tremendous development. I feel that the fitting particular person coming in right here might be a beautiful steward of this model for years. However I feel I’ve carried out what I got here right here to do.”
O’Neil, who lately wrote the motivational guide “Be The place Your Ft Are,” mentioned he determined round January that he wished to go away HBSE and he maintains a powerful relationship with Blitzer and Harris.
“I can not overstate how a lot we worth Scott’s huge contributions to the corporate and the way grateful I’m for his management and partnership in making a best-in-class tradition at HBSE,” Harris mentioned. “We all know he’ll discover nice success in no matter he chooses to perform sooner or later, and we’ll at all times be amongst his greatest advocates.”
O’Neil, a Villanova alumnus, additionally has native ties from a earlier job as vp of gross sales with the Philadelphia Eagles. He began his profession as a advertising and marketing assistant for the New Jersey Nets.
The Sixers have been eradicated within the second spherical of the Jap Convention playoffs after they earned the highest seed. The Devils have missed the playoffs for 3 straight seasons.
O’Neil mentioned in 2014 that “we do not use the ‘T’ phrase on this group,” referencing tanking, when the Sixers have been within the early days of their scrutinized rebuild often known as The Course of.
The Sixers on the time ranked twenty ninth in attendance, had a minor league facility in a non-public medical college and no stars, they usually quickly underwent a metamorphosis that noticed them open a swanky new advanced in Camden in 2016, draft All-Stars Joel Embiid and Ben Simmons and shoot to the highest of NBA attendance. The Sixers additionally turned the primary group within the NBA to place a sponsorship emblem on participant uniforms.
“I feel a complete transformation in development of the enterprise, model and relevance within the metropolis, the nation might be the most important factor,” O’Neil mentioned. “I would like individuals to know that Josh and David care about this group, care about successful they usually put the sources into it.”