The Philadelphia Flyers are now fully owned by the Comcast Corporation.
On Thursday, the largest cable provider in America and the largest company in the City of Philadelphia officially announced that they are buying out the 24 percent stake that was owned by late team founder Ed Snider -- and, since his death in April, by his estate.
The 24 percent stake is actually in the Flyers’ parent company, Comcast-Spectacor, not the Flyers organization itself. Snider founded the company, known as Spectacor, in 1974 before selling a majority if it to Comcast in 1996. Today, Comcast-Spectacor owns the Flyers, the Wells Fargo Center, four Flyers Skate Zone facilities around the Delaware Valley and various other businesses in the sports entertainment field.