Atlanta Hawks, LLC
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Atlanta Hawks, LLC (formerly known as Atlanta Spirit LLC) was an Atlanta, Georgia-based parent company formerly the holder of the franchise of the Atlanta Hawks, a professional basketball team in the NBA, and the Atlanta Thrashers, a former professional hockey team in the NHL. The Atlanta Spirit LLC name was changed to Atlanta Hawks, LLC on March 14, 2014.
Company type | Private |
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Industry | Sports, property management |
Founded | 2004 |
Defunct | 2015 |
Headquarters | Atlanta, Georgia |
Products | Professional sports teams, arenas |
Owner | Seven businessmen (Majority Owner: Bruce Levenson & Michael Gearon Jr. ) |
Subsidiaries | Atlanta Thrashers (2004-2011) Atlanta Hawks (2004-2015) |
Atlanta Spirit LLC was originally composed of three companies: a Boston-based company (run by Steve Belkin), an Atlanta-based company (composed of J. Rutherford Seydel, Todd Foreman, J. Michael Gearon, Sr., Beau Turner and Bud Seretean)[1] and a Washington, D.C.-based company (composed of Bruce Levenson, Ed Peskowitz and Todd Foreman).[2] The Boston-based company was bought out by the Atlanta and Washington, D.C. groups in 2010 following conflicts between the three groups.[3]
Bud Seretean died in 2007. In 2014, Levenson announced he would sell his share of the company; however, by January 2015, every partner in the ownership group agreed to sell their stakes in the team, putting the entire franchise up for sale.[4]