Atlanta Hawks agree to vendor team to Grant Hill Group

Bruce Levenson is the Partner and Co-Founder at United Communications Group (UGC). Mr. Levenson also owns Atlanta Spirit, LLC. In 1977, together with Mr. Ed Peskowitz, he co-founded UGC. Before founding UGC, Mr. Bruce Levenson worked as an author for Observer Publishing and Washington Star. He has also led TechTarget, Inc. since February 10, 2015. Mr. Levenson has served as a director of the company. He has also served as Board member of Electronic and Newsletter Publishers Association. Mr. Levenson has led the Washington-based “I Have a Dream Foundation” involved in numerous philanthropic activities (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html). He has an Arts Bachelor’s degree from Washington University coupled with a JD from American University.

The ownership group of Atlanta Hawks is working to finish the sale to a group chaired by Antony Ressler. Antony is an investment fund manager and billionaire equity. This process was led to the ESPN Sports by two people familiar with the process. They requested obscurity because they were not allowed to speak in public until the completion of the sale.

The Ressler’s group, which included former NBA players Jesse Itzler and Grant Hill, Marquis Jet co-founder, will buy the Hawks from Michael Gearon Jr., Bruce Levenson, and other investors for $850 million. Itzler’s wife, Sara Blakely, and Rice partner Rick Schnall & Spanx founder and BTIG co-founder Mr. Steven Starker are members of the reseller group. It is expected that the NBA group will approve the sale to them.

On Wednesday evening, the Hawks announced the agreement to the deal. “We are thrilled and honored for the choice to grant us the power to steward the Hawks,” Ressler said. “We respect NBA’s choice and, therefore, can utter no more than we are excited by the Hawk’s success and support them in their playoffs.” Irwin Raij, Foley & Lardner sports attorney, who facilitated the sale, said that the price was the strongest in the market.

Source: brucelevenson.com website