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January 5, 2015 Updates

Levenson has already said his group will sell its piece of the team, after the September disclosure of a 2012 e-mail he sent to general manager Danny Ferry decrying the lack of middle class white fans at Hawks games, and his racially-imbued reasoning as to why they weren't coming. For months, the league has been leaning on the Levenson and Gearon groups to come together. Sources said NBA Commissioner Adam Silver had Levenson and Gearon up to New York just after the start of the season to try and hammer out a deal, without success. NBA.com

Remember, we thought it would take months -- years, maybe -- before the Clippers' mess was cleaned up and a new owner put in place to replace Donald Sterling. In reality, it took four months from the initial disclosure of Sterling's racially inflammatory remarks in April to the final approval of the sale of the team from Sterling's family to Steve Ballmer for $2 billion in August. But there's no guarantee things will go as planned. This isn't the same as Sterling. The league can't strip anyone in Atlanta of ownership. "There's already ownership in place there," a source with knowledge of the parties' inner workings said over the weekend. "It already is operating. There's nothing the league has to approve. And there's really no leverage the league has over them. You can't force someone to sell unless they violate the rules of the league and its provisions. What Adam does have is the power of persuasion." NBA.com

Gearon, Jr., has strong ties to the franchise; his father spent three decades with the team, rising from general manager to president to chairman of the board. According to the source, the ownership agreement between the parties "gives him a tremendous amount of say for a minority owner." NBA.com

Tinder has taken over the dating/casual hookup scene in many cities and now it’s taking over the NBA world. At least for a night. The Atlanta Hawks are hosting ‘Swipe Right Night’ on Wednesday for the popular dating app where users swipe right to indicate that they like another user. For The Win

January 3, 2015 Updates
January 2, 2015 Updates

The Hawks are for sale – as in 100 percent of the NBA franchise. According to person familiar with the situation, agreements have been reached between all three ownership groups of the team. Those agreements have been approved by the league. Atlanta Journal-Constitution

The Washington-based group, led by controlling owner Bruce Levenson, announced in September that it would sell its 50.1 stake following the discovery of a racially inflammatory email that rocked the franchise. An independent investigation discovered an e-mail Levenson wrote in 2012 that included racist remarks about the fan base and game operations. Levenson’s partners Ed Peskowitz and Todd Foreman are also stakeholders in the original group known as the Atlanta Spirit. Agreements are also in place for the Atlanta-based group of Michael Gearon Jr. and Sr., Rutherford Seydel and Beau Turner to sell its stake. The group owned a combined 32.3 percent of the franchise. In addition, the New York-based group, led by Steven Price, has agreed to sell its 17.6 percent stake. Atlanta Journal-Constitution

The team will be officially on the market next week, according to a league source. The Hawks have retained investment banking firm Goldman Sachs and Inner Circle Sports to handle the sale process. The firm will gather and vetting prospective buyers. Atlanta Journal-Constitution

Nets Daily: A lot of decisions on NBA sales, values held up by Hawks discussions. if 100% is being sold, that sounds like a big price tag. Twitter @NetsDaily

THE TOP 50 PLAYERS IN HAWKS HISTORY

While arguably the most popular, Dominique Wilkins is not the best player in franchise history.

   

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