Bruce Levenson Works to Sell Hawks

During the finalizing process of the sale on the Atlanta Hawks. The group that bought the team is led by Anthony Ressler. During that point of the deal, three people have revealed this. However, they have asked to remain anonymous due to them being forbidden to talk about the subject until after the deal is complete.

The group that is led by Anthony Ressler includes former Basketball star of the NBA, Grant Hill. Grant Hill used to be a famous basketball player before his retirement. The other member of the group is Jesse Itzler, who has co-founded the Marquis Jet. According to Forbes.com, Bruce Levenson has received an offer of $850 million for the Hawks.

The following Wednesday, the deal was announced by the Hawks. Ressler has released a statement that has expressed his appreciation and excitement at being chosen as the new owners of the Hawks. He has expressed a lot of respect and admiration of the process for of approval of the NBA for the sale.

The pricing was seen as a reflection of the strength of the NBA team. It also gives a good sign as to the potential of the market. One thing that is considered in the evaluation of the strength of the team is the deals being made both local and national media deals. The price is going to definitely have a positive outlook about it. Bruce Levenson has profited well from the sale of the team.

What remains is what is next for Bruce Levenson. However, he can look back on the experience he had of owning the Atlanta Hawks. Meanwhile, under new ownership, the Atlanta Hawks have a few changes to look forward to. However, fans can expect some of the same qualities that made the team valuable in the NBA in years to come.

Reference; http://www.ucg.com/AboutUs/Ownership.aspx

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