Hawks announce $192.5M renovation of Philips Arena
The Atlanta Hawks and the City of Atlanta announced that they have reached an agreement on key terms for a $192.5 million renovation of Philips Arena.
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The Atlanta Hawks and the City of Atlanta announced that they have reached an agreement on key terms for a $192.5 million renovation of Philips Arena.
The NBA Board of Governors has unanimously approved the sale of the Atlanta Hawks to an ownership group led by Tony Ressler.
The sale of the Atlanta Hawks to a group led by billionaire Tony Ressler is scheduled to be completed on June 24.
Entrepreneur Antony Ressler has agreed to buy the Atlanta Hawks for a sale price of approximately $850 million, sources confirmed Wednesday.
The sales price for the Hawks and Philips Arena is expected to begin at $800 million and could exceed $1 billion.
The Atlanta Hawks today announced that its owners have unanimously approved a plan to sell the franchise and the Philips Arena operating rights.
The Atlanta Hawks will officially be on the market in a matter of days and several prospective buyers have already expressed an interest.
According to sources, agreements have been reached between all three Atlanta Hawks ownership groups to sell their complete stakes in the team.
The Hawks have hired investment banker Goldman Sachs and Inner Circle Sports to sell the franchise, according to a person familiar with the situation.
Former Hawks player Dikembe Mutombo has met with a group of investors about joining their bid to buy the Atlanta Hawks.