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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 baybeefeetz
Sterling's School of Business 101
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 11:31 am to td01241
The new ownership group would be smart to not frick up what the Hawks are doing right now.
and also, Danny Ferry needs to be given some credit for this team. He might have made a mistake in the Deng report, but I don't think the guy is racist(he's an NBA lifer for christ's sake).
For the betterment of the NBA, I hope that this new group is more like the Spurs and less like the Kings owner.
and also, Danny Ferry needs to be given some credit for this team. He might have made a mistake in the Deng report, but I don't think the guy is racist(he's an NBA lifer for christ's sake).
For the betterment of the NBA, I hope that this new group is more like the Spurs and less like the Kings owner.
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 Louisianimal83
quote:
Louisianimal83
Posted on 1/2/15 at 11:40 am to hiltacular
Posted on 1/2/15 at 11:44 am to Louisianimal83
quote:
Move them Seattle.
no please
Posted on 1/2/15 at 11:53 am to Louisianimal83
quote:
Move them Seattle. This city does not deserve a franchise.
Seattle deserves a franchise sure, but if the Hawks put out a contender consistently (7-10 years) their fanbase would be improved.
In addition to that, with Turner Sports(and NBA TV) being located in ATL, there is no way the NBA moves a franchise out of there.
I recall the Hawks having a fricking national TV deal with TBS back in the day. It's unbelievable to think about that now.
Speaking of which, bring back
Posted on 1/2/15 at 12:03 pm to quail man
quote:
Only took the Hawks fans 30 minutes after this broke to post this
Atlanta is arguably the worst sports city (not saying it's a bad city) in the country. I'd put it right behind Miami.
Posted on 1/2/15 at 12:07 pm to CocoLoco
behind miami?
Posted on 1/2/15 at 12:51 pm to RonBurgundy
quote:
I recall the Hawks having a fricking national TV deal with TBS back in the day.
Ted fricking Turner FTMFW
Posted on 1/2/15 at 12:55 pm to RonBurgundy
quote:
I recall the Hawks having a fricking national TV deal with TBS back in the day. It's unbelievable to think about that now.
when the T in TBS owns the team, why is that so unbelievable?
Posted on 1/2/15 at 1:10 pm to ATLTiger
quote:
when the T in TBS owns the team, why is that so unbelievable?
just the nature of TV contracts nowadays. TBS was a basic cable standard by that point, but for a more recent example you didn't see Bob Johnson having BobCats games on BET.
More to the point, you'd never see big cable station (i.e. non local affiliate) put one team on exclusively.
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