HoopsHype Owners rumors

LATEST HOOPSHYPE VIDEOS

April 30, 2015 Updates

Houston Rockets owner Leslie Alexander is putting his Manhattan penthouse on the market for $49.75 million, just two years after he bought it for $42 million, according to listing agent Melanie Lazenby of Douglas Elliman Real Estate. The apartment is located at 18 Gramercy Park, a prewar building recently converted to condos by Zeckendorf Development and Global Holdings. Mr. Alexander bought the apartment from the developers, going into contract in 2012 and closing in 2013, according to Ms. Lazenby, who sold Mr. Alexander the property. She is co-listing the apartment with Dina Lewis. Wall Street Journal

April 28, 2015 Updates

New Orleans Pelicans owner Tom Benson on Tuesday sent a letter of congratulations to coach Monty Williams and his staff and players, along with general manager Dell Demps and his staff for the team's winning season and playoff appearance. The letter reads as follows: "Dear Monty, Dell and all of the Pelicans Coaches and Players: I wanted to thank each and everyone of you for a job well done this past season. We made the playoffs in a very strong finish at the end of the season. That is a tribute to your hard work and determination. You were able to overcome the adversities that face every team, but it was the way you all came together as a team that made us all very proud. New Orleans Times-Picayune

"Our fans were truly galvanized by your dedication. Our theme this years was to Take Flight. I an confident that we have begun to take flight as a team. We now must turn our attention to getting better and coming back for the 1015-16 season with an even stronger resolve. I am very excited about the future of our Pelicans and you have my word and my resolve to bring everything to bear to win. New Orleans deserves an NBA Championship and we have the foundation, facilities and fans to make this a reality. Sincerely, Tom Benson, Owner." New Orleans Times-Picayune

April 23, 2015 Updates
April 22, 2015 Updates

The Atlanta Hawks today announced that a definitive agreement has been signed for the purchase of the NBA franchise by an ownership group led by Tony Ressler, co-founder of Ares Management. The group also includes seven-time NBA All-Star Grant Hill, Clayton Dubilier & Rice partner Rick Schnall, and Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler, who are married. NBA.com

The transaction, which includes operation of Philips Arena, requires the approval of the NBA Board of Governors. Terms of the sale were not released. The sellers were advised by Goldman, Sachs & Co. and Inner Circle Sports, and the buyer by Moelis & Co. NBA.com

“We are honored 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." NBA.com

The Milwaukee Bucks and state and local officials did not reach a financing deal for a new $500 million arena during a closed-door meeting Wednesday in the state Capitol, though those who attended described it as productive and planned to meet again Thursday. The team, state and local leaders are trying to come up with a plan to split the costs of the new arena in downtown Milwaukee that would be put of a larger $1 billion entertainment district. Without a new stadium by 2017, the NBA has said it will buy back the team and relocate it. Those attending Wednesday's meeting included Bucks president Peter Feigin, Republican legislative leaders and Milwaukee officials. The discussions come as the Bucks are playing the Bulls in the NBA playoffs. Boston Herald

Billionaire philanthropist Antony Ressler leads a group that has reached an agreement to purchase the Atlanta Hawks and Philips Arena for an amount believed to be less than $1 billion, the Atlanta Journal-Constitution has confirmed. Ressler, 55, is a co-founder of two private equity firms, Apollo Global Management and Ares Management. He is also a minority owner of the Milwaukee Brewers. According to Forbes, he is worth approximately $1.43 billion dollars. Atlanta Journal-Constitution

Steve Kyler: Hawks said to be sold for $730 million --- far cry from the $1.2 billion figure some tossed around. Hawks $730 million price illustrates how much Steve Ballmer overpaid for the Clippers not the new bench mark many hoped teams would command. Twitter @stevekylerNBA

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.