NBA’s Atlanta Hawks Confirm Sale of Franchise

April 23, 2015

Atlanta Hawks owner Bruce Levenson has agreed a deal to sell the National Basketball Association (NBA) franchise to a consortium led by Antony Ressler.

The deal was announced by the team yesterday during Game two of their round one NBA Playoff series against the Brooklyn Nets.

The agreement, healing which also includes operation of the team’s Philips Arena, apoplectic requires the approval of the NBA Board of Governors.

The exact terms of the sale were not disclosed, viagra but it is reported the deal could be worth around $850 million.

“We are honoured and thrilled to have been chosen to become the new stewards of the Hawks,” said Ressler.

“We respect the NBA’s approval process and, accordingly, can say no more other than we are incredibly excited by the Hawks’ success and wish them luck in the playoffs.”

“We are excited to welcome this new ownership group and are deeply gratified by its commitment to the Hawks and the Atlanta community,” said Hawks CEO Steve Koonin.

“We are pleased that the group is committed to continue building on the franchise’s storied history and recent success.”

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