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Bruce Levenson Lands Great Deal for Atlanta Hawks

Posted on 17 October, 2016  in Business Plans

Bruce Levenson has been a mainstay in Atlanta sports for the better part of the past decade. Levenson took over the Atlanta Hawks back in 2004 when he joined a group to purchase the team. Levenson has since carefully cultivate the squad into what now is a yearly postseason contender in the Eastern Conference. Levenson put the team into good hands when he hired Coach Budenholzer to lead the squad and now it looks like Levenson is ready to step away, having sold the team for an amazing $850 million.

The sale shouldn’t necessarily surprise anyone says ESPN News, as Levenson has been floating the franchise for the past couple of years but now it appears that right buyer has come along in Antony Ressler. Ressler is part of another purchasing group, alongside Grant Hill and Jesse Itzler, who will put together the required funds to take over the Hawks going forward. Ressler and the rest of the purchasing group will be coming into a situation where Hawk fans have gotten used to success and require more of it going forward, thanks to Levenson’s extensive work in franchise building.

Levenson will be selling off the team to an owner who has been trying to get into the realm of professional sports for awhile now. Ressler is a minority owner for the Milwaukee Brewers and he had been in the running for the Los Angeles Clippers only a couple of years ago. Ressler is finally over the hump now and fans will be interested to see just what he’s able to do going forward. Grant Hill, on the other hand, will only have a small percentage of ownership in the franchise but he will meet the 1% threshold set forward by the NBA CBA. Atalnta fans eagerly await what is to come for their franchise going forward. Read more about Mr. Levenson on brucelevenson.com.

http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html