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

The Flyers will be raising an ‘Ed Snider’ banner to the rafters at the home opener

The Philadelphia Flyers will kick off the home schedule of their 50th anniversary season on Thursday night, and it will be the first home opener in team history without Ed Snider. His presence will be felt, however, in more ways than one. The banner you ...
Posted: October 20, 2016, 8:17 am

Sights and sounds: Flyers honor Ed Snider, open 50th anniversary with incredible ceremony

On the night the Flyers celebrated their 50th anniversary, the Ducks spoiled the Flyers' home opener, 3-2. First class all the way by the Flyers. Thursday night at the Wells Fargo Center was about thanking the man who brought hockey and so much more to ...
Posted: October 20, 2016, 10:10 am

Ducks beat Flyers, 3-2, for first win of the season

John Gibson stopped 20 shots for the Ducks. The Flyers opened their 50th anniversary celebration with a tribute to their founder and owner Ed Snider, who died of cancer in April. The Flyers raised a banner to the rafters with his name, team crest and 1967 ...
Posted: October 22, 2016, 8:36 pm
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