Art Monk Number 81 Retirement Speech with Josh Harris Intro (Nov 2, 2025)
About Josh Harris
Josh Harris, who founded 26North and is the managing partner of the Philadelphia 76ers, discussed the evolution of sports ownership and private credit markets in a February 2026 interview with the Wall Street Journal. Harris said he expects ownership caps in professional sports leagues to "get more flexible" over time, noting that teams have become more capital-intensive and that leagues limit debt. He also said he believes "it's not going to end well" for some retail investors in structured credit products, arguing they do not understand the duration or liquidity risks. In May 2026, Harris and HBSE Sports president Bob Myers held multiple media availabilities to discuss the firing of general manager Daryl Morey and the team's future direction. Harris said he considered Morey a friend while acknowledging his frustration that the team had not progressed past the second round of the playoffs, adding that "no one's more frustrated than me." Myers said he would oversee the search for a new head of basketball operations and that the front office had the "green light" to spend into the luxury tax. When asked about the viability of a three-max-player roster under the league's new collective bargaining agreement, Myers said the team "didn't get it done this year with three guys, but that doesn't mean it can't be done" while also stating that roster construction and depth should be re-evaluated.