Fanatics CEO Michael Rubin selling stake in 76ers, Devils

Fanatics CEO Michael Rubin is selling his stake in the company that owns the Philadelphia 76ers and New Jersey Devils, team officials confirmed to ESPN on Wednesday.

Rubin holds a reported 10 percent equity stake in Harris Blitzer Sports Entertainment and has been involved in ownership of the NBA and NHL franchises for 11 years.

"Given Michael's tremendous success growing Fanatics into a global platform across every ma