Hawks sell expands, full ownership now on market
ATLANTA (AP) The Atlanta Hawks’ search for new ownership continues to expand.
The Atlanta Journal-Constitution reports the team’s full ownership group now wants to sell.
It is the latest evolution in the process that began when majority owner Bruce Levenson first announced he would sell his share. Levenson’s Washington partner, Ed Peskowitz, also agreed to sell his share, raising the share available to 50.1 percent and opening the door for a new majority owner.
Now the other owners, including Atlanta-based Michael Gearon Jr., also wish to sell, the paper reported.
Gearon referred to a confidentiality agreement when he declined comment to The Associated Press on Friday. A message was left seeking comment from Levenson.
Hawks CEO Steve Koonin had no comment, according to team spokesman Garin Narain.