Bruce Levenson, whose titles include businessman, NBA franchise owner, and philanthropist, has announced plans to sell his interest in the Atlanta Hawks franchise and operating rights to Phillips Arena, home to the Hawks. Levenson is using the services of Goldman Sachs and Inner Circle Sports to broker the deal.
Levenson, along with partners in the newly formed Atlanta Spirit LLC, purchased the franchise and operating rights in 2004 from Turner Broadcasting. Levenson, along with Ed Peskowitz, is a majority partner in what is now known as Atlanta Hawks LLC. The purchase also included the Atlanta Thrashers NHL franchise, which was sold off in 2004. Levenson is a member of the NBA Board of Governors.