The Hawks have hired investment banker Goldman Sachs and Inner Circle Sports to sell the franchise, according to a person familiar with the situation.
The exact percentage of the Hawks franchise that will be made available still has not been determined. Currently, the 50.1 percent stake of the Washington group led by Bruce Levenson is on the market.
Levenson announced his intention to sell his stake in the franchise, 24 percent as an individual, last month upon the discovery of a racially inflammatory e-mail he wrote in 2012. He has the right to make 60 percent of the franchise available.