Sale process has been playing out for months…
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The Atlanta Hawks’ full ownership group has now agreed that it wishes to sell the franchise, according to the Atlanta Journal-Constitution.
In the latest report, majority owner Bruce Levenson has revealed that his Washington partner, Ed Peskowitz, has also agreed to sell his share of the franchise thus raising the share available to 50.1 percent and opening the door for a new majority owner.
In addition, it is also reported by the newspaper that Atlanta-based Michael Gearon Jr. also wishes to sell and the other minority owners are in agreement which paves the way for full ownership of the organisation to become available.
Gearon referred to a confidentiality agreement when he declined to comment on Friday, while Levenson has not yet responded to a message left seeking comment about the situation.
Hawks CEO Steve Koonin had no comment according to team spokesman Garin Narain, but it is understood that an announcement could be forthcoming to clarify the situation one way or another.
Atlanta were clouded by controversy in the off-season after internal emails were exposed in which general manager Danny Ferry used controversial comments regarding former free-agent target Luol Deng.
While that situation dragged on for some time, naturally it didn’t reflect well on the organisation but they have been able to put it behind them to start the season in impressive form.
The Hawks are currently top of the Eastern Conference with a 24-9 record, with coach Mike Budenholzer focusing his players on the task in hand as talks of new ownership will undoubtedly continue to rumble on in the coming weeks.