Businessman, Bruce Levenson has announced the sale of the Atlanta Hawks, along with operating control of Philips Arena to billionaire Antony Ressler and his group of investors.
Mr. Levenson, co-founder of United Communications Group (UCG) which owns and operates the mobile application GasBuddy, formed Atlanta Hawks, LLC to buy the Hawks and Philips Arena along with NHL's Atlanta Thrashers in 2004 for $250 million. Levenson and his partners later sold the Thrashers for $170 million in 2011.
Convinced that he could get $1 billion for the team by his bankers, Levenson made the decision to put his share of the Atlanta Hawks up for sale, hiring the famed Goldman Sachs and Inner Circle Sports to sell his team. Market changes resulting from lucrative
Mr. Levenson, co-founder of United Communications Group (UCG) which owns and operates the mobile application GasBuddy, formed Atlanta Hawks, LLC to buy the Hawks and Philips Arena along with NHL's Atlanta Thrashers in 2004 for $250 million. Levenson and his partners later sold the Thrashers for $170 million in 2011.
Convinced that he could get $1 billion for the team by his bankers, Levenson made the decision to put his share of the Atlanta Hawks up for sale, hiring the famed Goldman Sachs and Inner Circle Sports to sell his team. Market changes resulting from lucrative