All articles tagged with #hbse
Philadelphia will build a new, fully privately funded arena at the former Spectrum site in South Philadelphia, opening in 2030 for the 76ers, Flyers and a future WNBA team. The project is expected to create about 15,000 jobs and generate roughly $6 billion in economic activity over the next decade, with tax revenue benefiting the School District and city; groundbreaking could begin in early 2027 pending city approvals.
Josh Harris, the incoming owner of the Commanders NFL franchise, is set to make a substantial financial investment in Joe Gibbs Racing (JGR), a NASCAR conglomerate. Harris' ownership group, HBSE, will buy a minority stake in JGR, which has won over 400 races across NASCAR's top three racing series since its founding in 1992. The private equity platform Arctos Partners will also make a minority investment in JGR. Gibbs will continue to run JGR as a family business, with HBSE and Arctos working to enhance and support the marketing, sales, and business side of the operation.