The Atlanta Hawks will not be sold to California developer and pizza chain owner Alex Meruelo. In fact, the NBA team is no longer on the market. The Hawks' ownership group, headed by Bruce Levenson and Michael Gearon Jr., said Friday that the agreement for Meruelo to buy the team had been mutually terminated. Just last week, there were reports the NBA was delaying approval of sale because of concerns about Meruelo's finances, though he insisted he had enough money to purchase the team and run it in a first-class manner. Meruelo, the son of Cuban immigrants, was poised to become the NBA's first Hispanic team owner and acquire operating rights to Philips Arena, with Levenson and Gearon remaining in a minority role. Read more: http://espn.go.com/nba/story/_/id/7190743/atlanta-hawks-market-not-sold-alex-meruelo
