NHL approves Snider estate's sale of Flyers to Comcast
The NHL Board of Governors on Friday unanimously approved the Ed Snider estate's sale of their Flyers' shares to Comcast Corporation, a league source said.
Comcast is buying the portion of the Flyers and other Comcast Spectacor properties owned by Snider's estate, which has a 24 percent share.
The deal is expected to be finalized next month, at which time the cable giant will own 100 percent of the company, including the Flyers, the Wells Fargo Center, four Skate Zone arenas, and Spectra businesses.
The sale will mark the end of an era. Snider co-founded the team 50 years ago.