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View Full Version : Grant Hill now part owner of Hawks



Spoke
04-22-2015, 02:27 PM
Atlanta Hawks sold to Ressler group (including Grant Hill) (http://www.bizjournals.com/atlanta/news/2015/04/22/atlanta-hawks-sold-to-ares-ressler-for-730-million.html).

Maybe Grant can help with Danny Ferry's problems. If he is so inclined.

heyman25
04-22-2015, 02:38 PM
http://www.bloomberg.com/news/articles/2015-04-22/ares-s-ressler-said-to-buy-nba-s-atlanta-hawks-for-730-million


Ressler’s group includes former NBA player Grant Hill, who’ll be chairman, said one of the people. The others buying the team are private-equity investor Richard Schnall, Spanx Inc. founder Sara Blakely and her husband, Jesse Itzler, as well as Steven Starker, the former Goldman Sachs Group Inc. partner and co-founder of brokerage BTIG LLC. Ressler would be investing personally in the Hawks.

Spoke
04-22-2015, 04:26 PM
As an Atlantan, I sort of wish the ownership had more ties to the city, the better to insure that they don't eventually get shipped off to the first burg that builds them a new arena. Sarah Blakely is an Atlantan, but as far as I can tell, Ressler has zero ties to the city.

It was so much simpler when Ted Turner owned everything.

Mike Corey
04-22-2015, 04:28 PM
For the minor sum of approximately $850M, the Hawks are being swooped up (http://espn.go.com/nba/story/_/id/12742256/antony-ressler-nearing-850m-deal-buy-atlanta-hawks) by a group led by Anthony Ressler, Grant Hill, Sara Blakely and Jesse Itzler.

Hill now joins the following Duke alums in NBA team ownership:

> Nick Arison, CEO of the Heat
> Aubrey McClendon, Co-Owner of the Thunder
> Steve Pagliuca, Co-Owner of the Celtics