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.
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