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January 9, 2015 Updates
January 8, 2015 Updates

Former National Basketball Association players Junior Bridgeman and Grant Hill are leading a group that will bid on the Atlanta Hawks, according to a person with direct knowledge of the situation. They’ve hired New York-based advisory firm Galatioto Sports Partners to explore a purchase, said the person, who requested anonymity because the matter is private. Hill didn’t immediately return an e-mail seeking comment. Sal Galatioto, founder of Galatioto Sports Partners, declined to comment. Bloomberg

The team is also drawing interest from a group that includes BTIG LLC’s Steven Starker and Marquis Jet co-founder Jesse Itzler. “There’s extreme interest,” said Itzler, who became an entrepreneur after rapping under the name Jesse Jaymes, and who lives in Atlanta with his wife Sara Blakely, the founder of Spanx Inc. “It’s still preliminary.” Bloomberg

January 6, 2015 Updates
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

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