Ed Snider Net Worth is$2.5 Billion
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Date of Birth: Jan 6, 1933
Ed Snider is an American chairman of the entertainment broadcasting company Comcast Spectacor with a net worth of $2.5 billion. Ed Snider acquired that net worth by founding one of the most profitable and popular sports and entertainment broadcasting networks. His company owns many Philadelphia-based sports teams. He was born in Washington, D.C.
Edward M. Snider (born January 6, 1933, Washington, D.C.) is the chairman of Comcast Spectacor, a Philadelphia-based sports and entertainment company that owns the Philadelphia Flyers of the NHL, the Wells Fargo Center, the regional sports network Comcast SportsNet and Global Spectrum, an international facilities management company. He formerly owned the Philadelphia 76ers of the NBA.
Snider, the son of a successful grocery-store chain owner, attended the University of Maryland and earned his bachelor's degree. He would become a partner in Edge Ltd., a record company. When in financial trouble, Jerry Wolman helped him out.
After selling the company, Snider joined Jerry Wolman (builder) and his brother-in-law Earl Foreman (attorney) to buy the Philadelphia Eagles in 1964. He was given a 7 percent stake in the team, and served as vice president and treasurer.[citation needed]
Upon learning that the NHL was planning to expand, Snider made plans for a new arena-the Spectrum--to house both a hockey team and the 76ers. On February 8, 1966, the NHL awarded Philadelphia a conditional franchise, one which would eventually be named the Philadelphia Flyers and start playing in 1967. Snider assumed control of the Spectrum in 1971 taking over as Chairman of the Board. In 1974 Snider created Spectacor as a holding company for the Flyers and the Spectrum. Flyers became first NHL expansion team to win the Stanley Cup in 1974, and to repeat as champions in 1975.
Spectacor would found or acquire several businesses under his direction, most notably a regional premium cable channel, PRISM, and the first all-sports radio station, WIP. Seeing that a new arena would keep the Flyers competitive with the rest of the league, Snider began planning for what would become the CoreStates Center (now the Wells Fargo Center) in 1988.
Prior to the Wells Fargo Center's opening in 1996, he sold a 66% stake in Spectacor to Philadelphia-based Comcast, creating Comcast Spectacor. However,

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Ed Snider Latest News

Dave Hakstol benefits from Flyers' new-found patience | Bob Ford

There are hummingbirds with more patience than the organization during most of the time it was presided over by founder Ed Snider, who didn’t like to lose and wasn’t all that fond of ties, either. The Flyers were quick to change directions with their ...
Posted: November 30, 2017, 4:40 am

If These Walls Could Talk: An Interview with Lou Nolan

They’re young, and they’re gonna make those mistakes. Back to the book for a moment- one of the few people who receives an entire chapter in the book is Ed Snider. What did he mean to you, personally? He means hockey in Philadelphia. He means that I ...
Posted: December 12, 2017, 5:36 am

RIP: Ed Snider

While the Philadelphia Flyers had some good news by clinching the final slot in the Eastern Conference they organization suffered some very bad news as the team’s founder, Ed Snider, passed away at the age of 83. Snider brought the game to Philadelphia ...
Posted: December 11, 2017, 4:45 pm
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