The ownership saga for the Atlanta Hawks may be nearing an end. According to a report by Yahoo Sports' Adrian Wojnarowski, a group led by billionaire Antony Ressler and former NBA player Grant Hill are progressing on a deal to purchase the Atlanta Hawks.
Sources: Private equity billionaire Antony Ressler, who leads group that includes Grant Hill, is progressing on deal to buy Atlanta Hawks.— Adrian Wojnarowski (@WojYahooNBA) April 22, 2015
Ressler is finalizing an agreement to purchase the Hawks from Bruce Levenson for a price less than $1 billion, sources tell Yahoo Sports.— Adrian Wojnarowski (@WojYahooNBA) April 22, 2015
More to come....
And here is the next bit, from Bloomberg Sports' Scott Soshnick:
BREAKING: Tony Ressler of Ares Management LP wins bidding for @ATLHawks. Price is $730 million, source says #sportsbiz #NBA— Scott Soshnick (@soshnick) April 22, 2015
Must have had a 20% off coupon upon purchase....keep staying tuned!