Atlanta Hawks agree to sell team to Antony Ressler-Grant Hill group
Wednesday, April 22, 2015
The Atlanta Hawks ownership group is working to finalize the sale of the team to a group led by billionaire equity and investment fund manager Antony Ressler, three people familiar with the process told USA TODAY Sports.
They requested anonymity because they were not authorized to speak publicly until the sale is complete.
Ressler's group, which includes former NBA player Grant Hill and Jesse Itzler, the co-founder of Marquis Jet, will buy the Hawks from Bruce Levenson, Michael Gearon Jr., and other investors for $850 million.
Itzler's wfie, Spanx founder Sara Blakely, and Clayton Dubilier & Rice partner Rick Schnall and BTIG co-founder Steven Starker are also part of Ressler's group. NBA owners must approve the sale of the team, but that is expected.
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