A person familiar with the deal says the sale of the Philadelphia 76ers has been approved by the NBA Board of Governors.

The person spoke on the condition of anonymity because the sale has not yet closed. That could happen early next week.

The sale was approved by the board this week, paving the way for New York-based leveraged-buyout specialist Joshua Harris to take control of the franchise. It ends Comcast-Spectacor’s 15-year run of ownership that included a trip to the NBA finals.

Comcast-Spectacor, led by chairman Ed Snider, purchased the Sixers from Harold Katz in 1996. Comcast-Spectacor also owns the NHL’s Philadelphia Flyers.

NBA is in the midst of a lockout; the first two weeks of the regular season have already been canceled.