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Will Smith, Jada Pinkett Smith are part owners of 76ers

October 20, 2011 12:00:00 AM PDT
Celebrity couple Will Smith and Jada Pinkett Smith are taking on a new role as part owners of a professional basketball team.

They're part of an ownership group that bought the Philadelphia 76ers from Comcast-Spectacor.

The sports and entertainment company has owned the team since 1996.

Will Smith grew up in Philadelphia. The Smiths are not expected to have a hands-on role with the team.