For the first time since the Flyers were founded 50 years ago, the Ed Snider family will not be part of the ownership group.

Comcast Corp. is buying the portion of the Flyers and other Comcast Spectacor properties owned by Ed Snider's estate. The company declined to release the financial terms it will pay for the estate's 24 percent share.

Last year, Forbes valued the Flyers at $660 million, seventh among the NHL's 30 teams.

Snider, 83, died April 11 after a two-year battle with bladder cancer. He was the chairman of Comcast Spectacor, the Flyers' parent company.

The deal is expected to be finalized next month, at which time cable giant Comcast will own 100 percent of the company, including the Flyers, four Skate Zone arenas, the Wells Fargo Center, and Spectra businesses.

The sale of the Flyers is subject to approval of the National Hockey League, which is expected to consider the matter at its board of governors meeting Friday New York.

Dave Scott, the Comcast Spectacor president and CEO, will attend the meeting. Scott has had discussions with NHL executives, including commissioner Gary Bettman, and said he was confident things would go smoothly.

Snider, known as one of the most enthusiastic owners in Philadelphia sports history, cofounded the Flyers 50 years ago and introduced millions of people to what, at the time, seemed like a foreign sport.

"Ed was a visionary in the sports and entertainment industry and is deeply missed," said Brian Roberts, chairman and CEO of Comcast Corp. "He planned for this transition and, thanks to his thoughtful approach on succession, Comcast Spectacor is in a strong position. I'm very excited we are able to carry his spirit with us by bringing the company, its leadership, and its thousands of employees fully into the Comcast family."

Comcast Corp. officials said that the sale would not affect personnel. Scott; Flyers president Paul Holmgren; Flyers general manager Ron Hextall; Wells Fargo Center president John Page; and Shawn Tilger, the Flyers' chief operating officer of business operations and senior vice president, will remain in their same positions.

"We look forward to building on Ed's vision," said Scott, who, according to Roberts, was "handpicked three years ago" by Snider to direct Comcast Spectacor.

Scott will work closely with Holmgren and Hextall - as he has done since Snider became extremely ill a year ago - and will be the person responsible for signing off on major decisions, such as signing a free agent.