Hawks owners approve final details of sale
The Hawks made the official announcement that ownership has agreed to sell the franchise Thursday.
Here is the annoucement:
“The Atlanta Hawks today announced that its owners have unanimously approved a plan to sell the franchise and the Philips Arena operating rights. The sale will commence immediately. Atlanta Hawks Basketball and Entertainment, LLC has retained Goldman Sachs & Co. and Inner Circle Sports LLC to advise on the sale of the franchise and ancillary assets.”
The Atlanta Journal-Constitution reported last week that 100 percent of the franchise would be available and that the sale would be announced this week.
MORE TO COME
About the Author
Chris Vivlamore is the sports editor at The Atlanta Journal-Constitution. He has served as reporter and editor at the AJC since 2003.
