Mayor Reed has news about Hawks ownership

Atlanta Mayor Kasim Reed will hold a news conference this afternoon to update efforts to find new ownership for the Atlanta Hawks.

Bruce Levenson, controlling owner of the NBA franchise, agreed to sell his stake in the team last week following the publication of an inflammatory email he sent in 2012 regarding the lack of white fans coming to Philips Arena.

That was followed by co-owner Michael Gearon Jr. calling for general manager Danny Ferry to be fired over racial comments he made about a player during a June conference call that sparked investigations, first by the team and then by the NBA.