HoopsHype Owners rumors

January 5, 2015 Updates

A BBC Sport report over the weekend claimed Sarver has lodged a bid of £18 million to purchase a controlling stake in the Scottish Championship side - and on Monday the club affirmed the interest from the 53-year-old. "The company notes recent press speculation and confirms that it has received an approach from Robert Sarver [or a vehicle to be established and controlled by him] that may or may not lead to an offer being made for the company," read a statement from Rangers. "There can be no certainty that an offer will be made, nor as to the terms on which an offer may be made. A further announcement is expected shortly." ESPN.com

One source briefed on the process told ESPN that if successful in securing majority control, Sarver is "looking to invest a significant amount of capital" into Rangers in an attempt to help restore the club to ?their top-division status in Scotland and resuscitate their storied Old Firm rivalry with Celtic, which ranks as one of the most passionate derbies in the sport. ESPN.com

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

December 27, 2014 Updates
December 17, 2014 Updates

U.S. authorities have determined that North Korea is behind the recent cyber attack on Sony Pictures, a federal law enforcement official said Wednesday. The official, who is not authorized to comment publicly, said a formal announcement of attribution by the U.S. government could come as soon as Thursday. Sony Pictures Entertainment was hit by hackers Nov. 24. A glowing red skeleton appeared on screens throughout the Culver City, Calif.-based Sony subsidiary. USA Today Sports

December 16, 2014 Updates

"Teams around the league say they haven't received any trade calls and they see this as an indication that Prokhorov is back to selling the team, particularly since he's trying to move three of the biggest contracts on their roster," he says in a Bucher Buzz segment. He explains, "This for the uninitiated is what teams do. It's what the Memphis Grizzlies did, what the Detroit Pistons did. Any team looking to sell. One, there's not a lot of overhead. Two, they start with a blank slate. They get to create a team the way they see fit." NetsDaily

December 9, 2014 Updates

When you’re worth around $20 billion you can write a check for $2 billion without flinching. But does that mean the Clippers are worth $2 billion, or that other NBA teams should see their revenue multiples expand to reflect this deal? I doubt it. But we may get a good idea if the Atlanta Hawks are soon sold. Bruce Levenson’s group is selling its controlling interest in the team and some believe the sale price will value the team at over $1 billion, or about eight times revenue. Forbes.com

November 29, 2014 Updates
November 25, 2014 Updates

NBA Commissioner Adam Silver is in Milwaukee to meet with Milwaukee Bucks investors and talk with young professionals involved in start-up companies. Silver is expected to get an update from Bucks' owners on locating a new multipurpose arena. The NBA has set a deadline of late 2017 for the Bucks to be in a new arena. Failing to meet that deadline means the league could buy the team and move it elsewhere. USA Today Sports

November 22, 2014 Updates

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