Atlanta Hawks Sale Rumors: Latest News, Speculation on Potential New Owners

April 7th, 2015 by Tyler Conway Leave a reply »

Lost amid the Atlanta Hawks' ascent to the Eastern Conference's No. 1 seed is the fact their ownership group has been actively looking to sell the franchise all season. Some clarity, it appears, may be coming as the NBA playoffs draw near.

Continue for updates.     

Grant Hill Ownership Group Bows Out of BiddingTuesday, April 7Jeff Zillgitt of USA Today reported the group led by Grant Hill and Junior Bridgeman have decided to move on from the bidding process as other front-runners emerge. Zillgitt's report indicates groups led by investment managers Steve Kaplan and Mark Rachesky are currently ahead of the pack.

No price point was given, but it's possible the team could sell for upwards of $1 billion given the Hawks' recent success and surging cost of sports franchises. Former Microsoft CEO Steve Ballmer paid $2 billion for the Clippers last year, and the Kings and Bucks franchises have gone well above their valuations in recent sales. 



Forbes currently values the Hawks at $825 million, 22nd among the NBA's 30 franchises. Their media market is ...

Read Full Article at Bleacher Report - NBA
Article written by

Advertisement

Comments are closed.