atlanta hawks minority owners

The team moved to Atlanta in 1968 and sported baby blue and white uniforms until 1970, when they went with a blue, green and white palette. Its unclear how big the stake isfirms are allowed to buy up to 20% of NBA franchises. The Hawks logo has shifted between variations of a full-bodied hawk holding a basketball on its claws and a silhouette of a hawk head (more commonly known as the Pac-Man logo). MARTI Transportation is a veteran-owned and veteran-operated company featuring a state-of-the-art, Super Premium SUV, Executive Sprinter . In this Oct. 27, 2012, file photo, Jami Gertz, left, and her husband, Antony Ressler, arrive at the 2012 ART + FILM GALA hosted by LACMA in Los Angeles. Russell & Co., the largest minority-owned real estate and construction company in America, and Concessions International LLC, the largest Black-owned airport concessions company in the U.S.) is named for Atlanta business icon Herman J. Russell, who died in 2014 and was one of the initial owners of the Hawks. [53] The 2015 All-Star Game consisted of four Hawks All-Stars including Jeff Teague, Paul Millsap, Kyle Korver and Al Horford. The Hawks were valued at $1.83 billion in Sporticos most recent rankings, No. For the 202021 season, the Atlanta Hawks made a lot of moves to upgrade their roster. Indianapolis Colts owner Jim Irsay, at a league meeting in October, said there's "merit to remove" Snyder. [105] This list also includes draft rights that were acquired from trades with other teams. The Hawks today are worth more than double that with a value of $1.52 billion (up 17% from last. However, the team could not advance past the semifinals of the Eastern Conference playoffs, losing to the eventual Eastern Conference (and in some years, NBA) champions Boston and Detroit. The Hawks occasionally played at the larger St. Louis Arena, mostly against popular opponents, but Kerner was not willing to move the team there full-time because it had not been well-maintained since the 1940s. 5 seed Hawks will face No. Atlanta Hawks minority owner Bruce Levenson will sell his share of the franchise after the discovery of a racist email he sent in 2012. Eventually, it was decided that The Omni would be demolished and a new arena for the Hawks and the expansion NHL Thrashers would be built on the same area. The Hawks brought back Kyle Korver with a four-year, $24 million deal and signed power forward Paul Millsap to a two-year, $19 million deal. Cousins' firm soon developed the Omni Coliseum, a 16,500-seat, state-of-the-art downtown Atlanta arena, for the Hawks and the expansion Atlanta Flames ice hockey franchise, which opened in 1972 as the first phase of a massive sports, office, hotel, and retail complex, most of which is now the CNN Center. [100] For 202021, the Hawks' "City" uniform paid tribute to civil rights icon Martin Luther King Jr., featuring a black base and gold accents. All three describe Jesse Itzler's life, and those aspects will collide again Wednesday when the team he owns faces off against his beloved hometown team in. HAWKS CONTACT:Garin Narain or Max Strauss, Hawks Communications, [emailprotected], BLUE OWL CONTACT:David Wells or Nick Theccanat, Prosek Partners, [emailprotected], Cision Distribution 888-776-0942 Led by Hawks CEO Steve Koonin, the team expanded voting rights by turning State Farm . On January 23, 2020, Trae Young was selected to his first All Star Game. Two days later, the Hawks selected Wake Forest power forward John Collins with the 19th overall pick. Aug 2014 - Present8 years 8 months. Visit ESPN for the box score of the Portland Trail Blazers vs. Atlanta Hawks NBA basketball game on 4 March 2023. . I think the only difference between Bankhead and Buckhead is access, opportunity and exposure, Russell Center president and CEO Jay Bailey said. Owner Since: 2004 The. Dyal HomeCourt Partners has purchased a nearly 6% stake in the Atlanta Hawks, the third NBA team the fund has invested in since last summer. Owner: Recent moves will bring long-term success to underachieving Hawks. For more information, please visit us at www.blueowl.com. In 1960, under coach Ed Macauley, the team advanced to the Finals, but lost to the Celtics in another game seven thriller. That same day, the Hawks traded a future 2nd-round pick to the Golden State Warriors in exchange for Jeremy Tyler, who was waived 15 days later. Robertson is sponsoring two bills that were passed by a Senate committee on Monday, Feb. 27, 2023, that would let the Buckhead neighborhood secede from Atlanta. National Basketball Association franchise in Atlanta, Georgia, 19461953: Buffalo, Tri-Cities and Milwaukee, 19541965: St. Louis and The Bob Pettit era, Learn how and when to remove this template message, "Hawks look to past with new uniform set", "Atlanta Hawks Reproduction and Usage Guideline Sheet", "Sharecare and Hawks Launch Jersey Patch Partnership And Innovative Health Movement", "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks", "Team that's now Atlanta Hawks bailed on Buffalo 70 years ago", "Long-forgotten Leo Ferris helped devise NBA's 24-second clock, first used 61 years ago today", "1966-68: "Sweet Lou" Makes His DebutFranchise History", "The Naismith Memorial Basketball Hall of Fame Hall of Famers", "Have You Ever Heard of William 'Pop' Gates TFB", "Turner buys the Hawks, Day After Baseball Ban", "Wallace lands in Detroit in three-team deal", "Atlanta Spirit LLC Announces Close of Sale for Teams, Arena", "Hawks Announce Sign And Trade For Joe Johnson", "Hawks Acquire Mike Bibby from Sacramento", "Report: Atlanta Hawks, Philips Arena sold", "Alex Meruelo has agreement to purchase Atlanta Hawks", "Hawks and Meruelo Terminate Agreement THE OFFICIAL SITE OF THE ATLANTA HAWKS", "Hawks Lose Lou Williams For The Season NBA.com | Hang Time Blog", "Hawks' Horford to have season-ending surgery", "Atlanta Hawks owner Bruce Levenson to sell team after racist email", "Kareem Abdul-Jabbar: Bruce Levenson Isn't a Racist; He's a Businessman", "Breaking News: 100 percent of Hawks up for sale (updated)", "Hawks owners unanimously approve plan to sell team", "NBA unanimously approves sale of Atlanta Hawks", "Hawks finalizing sale with billionaire Antony Ressler", NBA: "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks", "Hawks win and clinch East, then act like it's no big deal (which is good)", "Jeff Teague traded to Pacers in 3-team deal", "Al Horford, Celtics agree on deal; agent says 4 years, $113 million", "Dwight Howard, Hawks reach deal; Al Horford status in question", "Hawks pick at No.19: John Collins, Wake Forest forward", "Denver Nuggets sign free agent Paul Millsap", "Hawks Part Ways With Head Coach Mike Budenholzer", "Hawks Reach Agreement in Principle With Lloyd Pierce To Become Team's Head Coach", "Sixers assistant Lloyd Pierce gets Atlanta Hawks head coaching job", "Hawks acquire Trae Young in NBA draft trade", "How the Atlanta Hawks are Trying to Rebuild in the Image of the Warriors", "Brooklyn Nets Complete Trade With Atlanta Hawks", "Schroder wanted a trade from the Hawks because he can't 'try to lose', "Three-team trade sending Carmelo Anthony to Atlanta now official", "Carmelo Anthony finalizes Hawks buyout; clearing waivers next step", "Atlanta Hawks fill out roster with additions of Vince Carter and Daniel Hamilton", "Jeremy Lin finalizing buyout with Hawks, to sign with Raptors", "Jeremy Lin Reveals The Reason He Chose To Join The Raptors", "2019 NBA Draft: Atlanta Hawks Go All In, Complete Young Core", "Trae Young announced as starter for 2020 NBA All-Star Game", "Report: Clint Capela Traded to Hawks in 4-Team Blockbuster", "Clint Capela feeling 'way, way, way better' as offseason arrives", "Report: Hawks officially sign Bogdan Bogdanovic after landing Gallinari, Rondo, Dunn; sleeper for James Harden? He wanted a new arena to increase revenue. HomeCourt was formed in 2020 as a partnership with the NBA to provide institutional capital to the NBA ecosystem to support the long-term growth of the league and to improve market liquidity. They drafted point guards Dennis Schrder (17th pick) and Shane Larkin (18th pick). The team also unveiled its new socks and shoes, in conjunction with the National Basketball Association (NBA)'s new contract for official game socks with Stance. [17][18][19], In 1957, the Hawks finished four games under .500. 20 among the leagues 30 teams. Blue Owl employs over 350 people across 10 offices globally. In addition to a stellar management team, the franchise benefits from being located in one of the fastest growing metropolitan areas in the country. 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. However, the Hawks would be eliminated in the first round by the Boston Celtics in six games, ending the Hawks' three-year streak of advancing to the second round. It also hopes to increase wealth in Black households in the area by $70 million over the next five years. Four years ago, the. It doesnt make it a lesser business, its makes the business less connected maybe, but not less valuable.. On December 26, 2013, Horford tore his right pectoral muscle, and on December 30, the Hawks announced that he would undergo surgery the next day and would miss the rest of the season. [8] After 38 days in Buffalo, the team moved to Moline, Illinois, where they were renamed the Tri-Cities Blackhawks. In 1982, the franchise acquired superstar Dominique Wilkins (a University of Georgia alumni) and promoted Mike Fratello to head coach a year later. However, the designers and architects did not reckon on Atlanta's humid subtropical climate. The Golden State Warriors and the Boston Celtics are vying for the NBA's most coveted honor, and so are PE firms. [58] On July 8, 2016, Horford signed a four-year, $113 million contract with the Boston Celtics. Tony Ressler bought Hawks for US$730 million in 2015. When the RCIE first got started, it polled 1,500 Black entrepreneurs in the South asking what their No. Michael Gearon, Atlanta Hawks, Minority Owner & Managing Partner & Alternate NBA Governor - RealGM. Rider missed the first day of training camp and was late for two games. Kirby Smart: No culture problem, no policy change as a result of fatal crash, Felony charges dismissed against Georgias Rara Thomas, Thirty-nine years at the AJC, and I owe it all to Guy McIntyre, Darnell Washington is a unique NFL prospect, Bulldogs fall in SEC Womens Tournament quarterfinals, Dejounte Murrays career night propels Hawks over Trail Blazers, Exclusive Q&A: Hawks owner Tony Ressler on recent changes within team leadership, Hawks visit to local record label brings team closer together, Itchin mad about the early pollen in Atlanta? The franchise lasted only 38 days (13 games) in Buffalo when, on December 25, 1946, Leo Ferris, the team's general manager and co-owner, announced that the team would be moving to Moline, Illinois, which at that time was part of an area then known as the "Tri-Cities": Moline, Illinois, Rock Island, Illinois, and Davenport, Iowa. In case you missed it, the majority owner of the Hawks, Bruce Levenson, leaked some of his own emails where he openly discussed ways to bring in the key demographic for season ticket sales in the NBA namely, middle . More details have emerged in the Washington Commanders owner Dan Snyder's buyout of three limited partners last year. Blame the warm weather, The Jolt: Busy, long day at the Georgia Legislature. The franchise has upped its commitment to community programs with a minimum of $14 million over 10 years, and State Farm will be expanding its Good Neighbor Club program, which heads up a court renovation program so more children in the Atlanta area have a chance to play. Atlanta Hawks general manager Landry Fields confirmed Wednesday that the ex-Jazz coach is indeed a candidate for their job, and ESPN's Adrian Wojnarowski reported Friday morning that Snyder and. Visit ESPN for the team statistics of the Portland Trail Blazers vs. Atlanta Hawks NBA basketball game on March 3, 2023. . Meanwhile, they went 48 years without advancing past the second round of the playoffs in any format, until finally breaking through in 2015. ATLANTA Earlier today, the Atlanta Hawks announced that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a syndicate of Black-owned banks. They won a division title in 198687 going 5725 which was a franchise record that would last until the 201415 season. The 200910 season saw the Hawks improve further, winning 53 games, their first 50-win season since 199798. They upset the third-seeded Pacers in the first round in five games, however lost in five games to the Orlando Magic in the semifinals. Again they were pushed to a Game 7 in the first round but capitalized on home-court advantage earning their first playoff series win since 1999 against the Miami Heat. [62] The Hawks finished the season with a 4339 record, good enough for the fifth seed. However, Kerner was rebuffed by the city on several occasions. He was voted in as a starter and was the first Hawks player to start in an All Star Game since Dikembe Mutombo in 1998. And the ideas and the intelligence and the genius and the brilliance that exists in those brains, never reaches the marketplace because weve never created those pathways, weve never made those connections, and thats at the heart of what we want to be able to do.. The hawk head silhouette inside a circle remained as the team's logo, albeit simplified. The rivalry intensified in 2016 with Hawks All-Star center Al Horford spurning the team and joining the Celtics. The team ended up 3349 for the 200102 season. First, they are contributing $5 million to the RCIE, the largest nonprofit center for Black entrepreneurs in America, offering financial resources to Black-owned businesses and entrepreneurs throughout the city. One of these community programs, Hawks at Home, was formed recently in response to the coronavirus pandemic, and through a partnership with Atlanta Public Schools acts as a resource on health and wellness for students, teachers, and coaches. In 2001, the Hawks drafted Spanish star Pau Gasol 3rd, but his rights were ceded to the Memphis Grizzlies in a trade involving Shareef Abdur-Rahim. Ressler and his wife, Jami Gertz, have immersed themselves in numerous causes in Atlanta and surrounding areas. With almost an intact lineup from the previous year, the Hawks manage to take a step forward in their development. Spud Webb won the Slam Dunk Contest and Fratello won the Coach of the Year Award in 1986. On May 11, 2018, Lloyd Pierce was hired by the Atlanta Hawks as head coach. "My commitment, even though I'll be retired, is to be here just as much as the players and the staff and be committed to the process of the future and winning . The new color scheme consisted of Torch Red, Volt Green and Georgia Granite Gray. Hawks minority owner wrote letter, pressured Bruce Levenson to get rid of Danny Ferry after comments on Luol Deng The racial attitudes of the Atlanta Hawks front office look worse with every. The 2013 free agency period also marked the end of the Josh Smith era for Atlanta as he signed a contract with the Detroit Pistons. Levenson reported the e-mail to the NBA in . "Hawks Owner Bruce Levenson To Sell Team After Telling NBA About Racially Charged 2012 Email". Smith and Blaylock had been two of the Hawks' most popular players during the 1990s, and Smith had recently been awarded the J. Walter Kennedy Citizenship Award for his charitable endeavors, as well as being selected in the 1998 NBA All-Star Game. On January 2, 2015, The Atlanta Journal-Constitution reported that the remaining minority owners of Atlanta Hawks, LLC would join Levenson, effectively putting the entire franchise for sale. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. [45] Some in the African American sports community have defended Levenson, namely Jason Whitlock[46] and Kareem Abdul-Jabbar,[47] commenting that Levenson's email had no racist intent, but was motivated by valid business concerns. Coach Brown won coach of the year in 1978. Hope and redemption appeared to be on the horizon for the Hawks beginning in 2007. Here's a complete updated list of the NBA's team owners in 2023. However, the Western Division was extremely weak that year; no team in the division had a winning record. Rider's troubled conduct continued after his arrival in Atlanta. [59][60][61] On July 12, 2016, Dwight Howard agreed to return home to Atlanta on a three-year, $70 million contract with the Hawks. They also signed Rajon Rondo and Kris Dunn to supply added help in the backcourt. We made it a priority to commit the resources to build a world-class team worthy of a world-class city, and so far, we have invested in top players, transformed State Farm Arena, built a state-of-the-art training and sports medicine facility, brought a G League team to College Park, launched initiatives to grow Black businesses, and re-invested in our communities across the city. They ended the season with a 2557 record. The Hawks defeated the Detroit Pistons in five games in the first round of the 1997 NBA playoffs, but lost in five games in the second round to the defending champs Chicago Bulls. In 1958, after tallying their first winning record, they again advanced to the Finals, where they avenged their defeat against the Celtics from the previous year, winning the series 42 and giving the Hawks their first and only NBA Championship. [63] On July 13, 2017, Paul Millsap left the Hawks by signing a multi-year deal with the Denver Nuggets.[64]. (Matthew Pearson/WABE via AP) Contact Editor. The New Orleans games were paid for by Barry Mendelson for $1.2million with the Hawks going 66 in Louisiana. By the end of the off-season, every player involved in the Johnson and Williams trades just a year earlier were either waived or not brought back. However, the Blackhawks could not field a truly competitive team until they moved to St. Louis as the St. Louis Hawks after a four-year stopover at Milwaukee. It was Liberty's . They would remain contenders for most of the 1960s, advancing deep into the playoffs and also capturing several division titles. Italic denotes still active but not with team. 6 jersey to be retired throughout NBA", "NBA permanently retires Bill Russell's No. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Blue Owl Capital Inc. Fourth Quarter 2022 Results, Blue Owl Capital Inc. to Present at the Bank of America Financial Services Conference 2023. When he finally retires, Udonis Haslem will explore becoming a minority owner of the Heat and remaining active in the team's daily doings, Barry Jackson of the Miami Herald writes. Despite the success, Kerner became weary of the Hawks' longtime home, Kiel Auditorium. 2 Chainz is no stranger. The Hawks are owned by a group led by Ressler, co-founder of investment giant Ares Management. Many of these young entrepreneurs didnt grow up with the network of Wall Street contacts, of banking contacts, of venture-capital contacts, of private-equity contacts, said Ressler, who has worked in the investment world for 35 years or so. The season was also marred by the trading of Dominique Wilkins, who remains the franchise all-time leading scorer, to the Los Angeles Clippers for Danny Manning, who quickly left via free agency to the Phoenix Suns after the season ended. After seasons of mediocrity, Lenny Wilkens was hired as head coach in 1993. Jun 29, 2022 A group of Tampa Bay Rays minority owners has filed a third lawsuit against lead owner Stu Sternberg, alleging that their ownership "has been reduced to a mere shell, with no. The Boston Celtics also sent forward Chris Mills to Atlanta to complete the deal, but Mills never had a chance to play in a Hawks uniform. With the third pick of the NBA draft, they selected Al Horford. Arctos Sports Partners has purchased small stakes in the Golden State Warriors and the Sacramento Kings; Sixth Street invested in the San Antonio Spurs. SPACs: What a Special Purpose Acquisition Company Means for Sports. 6", Naismith Memorial Basketball Hall of Fame, "Tracy McGrady, Bill Self, Rebecca Lobo and Muffet McGraw Headline Class", Relocated National Basketball Association teams, https://en.wikipedia.org/w/index.php?title=Atlanta_Hawks&oldid=1141845675, Short description is different from Wikidata, Articles needing additional references from June 2022, All articles needing additional references, Pages using NBA roster footer with unknown parameters, Creative Commons Attribution-ShareAlike License 3.0, Torch red, legacy yellow, infinity black, granite gray, This page was last edited on 27 February 2023, at 03:12. [30] In 2003, Atlanta hosted the All-Star game, the last an Eastern Conference team would host for nine years. Red and white have been a part of the team's palette for the most part since the 1950s, but the Hawks also used various accent colors as well. Tony Ressler Ressler, the Hawks' new principal owner, made his. The Hawks finished the season losing their final six games. During the 2012 NBA draft, the Hawks chose guard John Jenkins with the 23rd pick and power forward Mike Scott with the 43rd pick. Around this time, it was decided that the Omni should be replaced by a new arena. We look forward to working together and are excited for what the future holds, both on and off the court. [44] The 'Pac-Man' logo (placed in a roundel) would become the team's primary logo after the conclusion of the team's 201415 season. A spokesman for the Hawks declined to comment. In January, Blue Owl's Dyal HomeCourt Partners purchased a 6% stake in the Hawks that valued the franchise at $2 billion. In 199798, forward Alan Henderson won Most Improved Player award. When he showed up late for a March game, the Hawks released him. Even though it was being heavily renovated to accommodate the arrival of the NHL's Blues in 1967, Kerner was still not willing to move to the St. Louis Arena. The mayor's office, which has helped line up suitors, wants the Hawks'. player Chris Webber, who has a home in Atlanta. All photos courtesy of Getty Images. Atlanta Hawks controlling owner Bruce Levenson announced Sunday that he will sell the team after self-reporting an offensive e-mail that he sent in 2012. The Hawks then advanced to the Eastern Conference Semifinals to face the Washington Wizards, also defeating them in six games. [13] The team, which needed to draw 3,600 fans per game to break even, struggled to draw 1,000 fans per game to the Auditorium. The numbers on the white "Icon" uniform were changed to red with volt green trim; the other two uniforms remained the same. However, the Hawks are one of only four NBA teams that have qualified to play in the NBA playoffs in 10 consecutive seasons in the 21st century. June 2, 2022. They won a hard-fought seven-game series against the Milwaukee Bucks, but they were swept by the Orlando Magic in the second round, with every game a one-sided contest. But the Hawks still failed to make the playoffs for the 200203 season, finishing with a 3547 record. On September 7, 2014, Bruce Levenson announced he would sell his share of the team, after self-reporting an inappropriate email he sent in 2012. This is a list of the various front office personnel who served as either owner, president or general manager of the Atlanta Braves and of the teams that preceded the current franchise, such as the Boston Braves and Milwaukee Braves, from 1866 when they were the Cincinnati Red Stockings to the present. The teams kicked off game one of the NBA finals Thursday, and regardless of who wins the best-of-seven-game duel, a private equity firm will have a hand in raising the Larry O'Brien Trophy. They also won a fourth division title in Atlanta, and third in the Central Division. The Hawks and the Orlando Magic have an intense rivalry, mostly stemming from playoff competitions and the rising stardom of Dwight Howard and Josh Smith, both from the 2004 NBA draft and who were both raised in Georgia. Note: GP = Games played, W = Wins, L = Losses, WL% = Winning percentage, Throughout the club's history, the team has undergone several uniform changes. In the 197980 season, the Hawks finished with a 5032 record and won the Central Division. Chairman Stephen Ross owns about 95% of the team. The Hawks were swept by the Cleveland Cavaliers 40 in the Conference Semifinals. [86] After McMillan took over head coaching duties, the Hawks immediately posted an eight-game win streak, putting them firmly in playoff contention. From 1985 to 1989, the Hawks were among the league's elite, winning 50 games or more each season. We lose GDP every year because we have not figured out how to make the economy work and innovation work for those south of I-20. The Bisons were a member of the National Basketball League, and played their games at the Buffalo Memorial Auditorium. Thats it. Dyal HomeCourt Partners is nearing an agreement to purchase a minority stake in the Atlanta Hawks in a deal that values the NBA team at about $2 billion, according to people familiar with the negotiations. (AP Photo/David Tulis) Minority Owner of the Atlanta Hawks since 2005-2006. ATLANTA Highly successful billionaires tend to be wound a little differently than the rest of us and have their combustible side. That kind of stability is something that doesnt happen often with nonprofit organizations and certainly younger nonprofit organizations, so its truly a gift and helping us with sustainability, stability and making sure were putting the talent on the court thats going to win.. The Blackhawks finished last in the Western Division and missed the playoffs. The team plays its home games at State Farm Arena. Liverpool's owners Fenway Sports Group (FSG) are looking at major media companies as potential investors to take a minority stake in the club, Telegraph Sport understands. [49] On April 22, 2015, Atlanta Spirit reached a tentative agreement to sell the franchise to a group led by billionaire Tony Ressler (with Grant Hill, Steven Price, Rick Schnall, Sara Blakely, Jesse Itzler and Ressler's wife Jami Gertz holding minority stakes) for $850 million; the sale was approved by the NBA Board of Governors on June 24, 2015. Hawks principal owner Tony Ressler had been looking for a way to create a one-stop shop where Black and minority entrepreneurs could gain access to both capital and mentorship. The next season, the Hawks got off to a 40 start, then lost 13 of the next 14 games and with 3 games left in the season, the Hawks fired head coach Hubie Brown en route to the team's 3151 record. If you help tens or hundreds of businesses, youre helping hundreds of thousands if not millions of employees of those businesses, so please hear us that the impact is enormous if we do it right, and then think about 30, 40 other markets, major economic centers around this country wanting to understand what weve gotten right at the Russell Center so that they in fact can copy or at least learn from what weve been doing, Ressler said. As Atlanta ranks among the lowest cities in the nation for economic mobility for Black people, the RCIE aims to act as a catalyst for change and create 2,000 jobs and 250 startup companies in the city, and give resources to 700 businesses so they can grow by five to 10 employees. After the All-Star break, the Hawks traded Mutombo to the Philadelphia 76ers for Theo Ratliff, Toni Kuko, and Nazr Mohammed. Previously, official game socks were primarily either white or black, depending on a team's preference. The Hawks were bought in 2015 by Tony Ressler for $730 million. It was their first division title in the Central Division and second in the city of Atlanta. I was like, why would we ever try to reinvent the wheel? Ressler said. Additionally, Atlanta mayor Kasim Reed stated that the city might offer incentives for a prospective owner to keep the Hawks in Atlanta for another 30 years. And this kind of gift allows us to look at a five-year runway to make sure that we have the staff, the mentors, the support in place, for companies to take the journey from where they are to where they want to be.

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