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Will Smith invests in basketball team

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Wed, 19 Oct 2011 1:18p.m.

Will Smith (Reuters)

Will Smith (Reuters)

Will Smith has become a part-owner of his hometown basketball team, the Philadelphia 76ers.

The I, Robot star and his wife Jada Pinkett Smith are among a group of investors who have taken over the struggling franchise.

The deal was unveiled on Tuesday, although it has yet to be revealed how big a stake the Smiths hold.

They'll have to wait to make their debuts as co-owners at a game - the National Basketball Association league is currently in the middle of a lock-out over a pay dispute between the players and team owners.

The couple joins close pal Jay-Z as celebrity NBA investors - the rapper is a minority shareholder in the New Jersey Nets.

WENN.com

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