The Atlanta Hawks are having a great 2014-15 NBA season starting the year (23-8) but according to reports they are up for sale. The AJC, reported earlier today that all of the Atlanta Hawks owners have agreed to sell the team in full. In September, Hawks owner Bruce Levenson announced he won’t be selling his 50.1 percent of the teams but today it appears things have changed.
According to the AJC,
“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 dollars.
Who could you see purchasing the Atlanta Hawks? I wonder if Magic Johnson will look into purchasing this team. Let us know your thoughts and stay tuned to HHS1987 for more details.
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