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Started By
Message
Rumor: ATL Hawks Being Sold
Posted on 1/2/15 at 10:50 am
Posted on 1/2/15 at 10:50 am
Chris Vivlamore ?@CVivlamoreAJC 1m1 minute ago
BREAKING: According to league source, agreements in place for 100 percent of Hawks to be sold. Story to come. #ATLHawks
Zach Lowe ?@ZachLowe_NBA
Guesses from insiders on 100% valuation of Hawks have generally ranged from $700M-$1B. High end seems too high to me, but we'll see.
Fantastic news, it is no secret the ASG is a terrible ownership group.
BREAKING: According to league source, agreements in place for 100 percent of Hawks to be sold. Story to come. #ATLHawks
Zach Lowe ?@ZachLowe_NBA
Guesses from insiders on 100% valuation of Hawks have generally ranged from $700M-$1B. High end seems too high to me, but we'll see.
Fantastic news, it is no secret the ASG is a terrible ownership group.
11
Posted on 1/2/15 at 10:52 am to hiltacular
How have they fared in getting fewer blacks at their games? 
Posted on 1/2/15 at 10:52 am to hiltacular
the owner positioned himself with the fake "racist" comments a couple of months ago.
well played
well played
Posted on 1/2/15 at 10:56 am to hiltacular
Only took the Hawks fans 30 minutes after this broke to post this
Posted on 1/2/15 at 11:16 am to hiltacular
quote:
100 percent
praise da Lawd
Posted on 1/2/15 at 11:19 am to hiltacular
Hawk on!
Posted on 1/2/15 at 11:32 am to hiltacular
Posted on 1/2/15 at 11:32 am to hiltacular
Full AJC article
quote:
The Hawks are for sale – as in 100 percent of the franchise.
According to person familiar with the situation, agreements have been reached between all three ownership groups to sell their complete stakes in the team. Those agreements have been approved by the NBA.
The team will be officially on the market next week, according to a league source. The investment banking firm Goldman Sachs and Inner Circle Sports has been retained to handle the sale process. The firm can now begin the process of gathering and vetting prospective buyers. Estimations are the franchise could be sold for upwards of $600 million.
The Washington-based group, led by controlling owner Bruce Levenson, announced in September that it would sell its 50.1 stake following the discovery of a racially inflammatory email that rocked the franchise. An independent investigation discovered an e-mail Levenson wrote in 2012 that included racist remarks about the fan base and game operations. Levenson’s partners Ed Peskowitz and Todd Foreman are also stakeholders in the original group known as the Atlanta Spirit.
This post was edited on 1/2/15 at 11:34 am
Posted on 1/2/15 at 11:37 am to hiltacular
Move them Seattle. This city does not deserve a franchise.
Posted on 1/2/15 at 11:40 am to hiltacular
Posted on 1/2/15 at 6:18 pm to hiltacular
I hope Dominique buys them.
Posted on 1/2/15 at 7:33 pm to hiltacular
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