Sale of Hawks in jeopardy

Discussion in 'Atlanta Hawks' started by truebluefan, Oct 30, 2011.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The sale of the Atlanta Hawks to California developer and pizza chain owner Alex Meruelo is in jeopardy, according to sources close to the situation.

    Sources told ESPN.com on Wednesday that there are concerns at the league level and within the Hawks' current ownership group, headed by Michael Gearon Jr. and Bruce Levenson, about whether Meruelo indeed has the sufficient funds to purchase a majority stake in the franchise and operate an NBA team.

    The NBA on Wednesday declined comment when asked about Meruelo and the Hawks' situation.

    Said Meruelo in a statement: "I have more than ample resources to purchase and operate the Hawks in a first-class manner. I am committed to the purchase of the Atlanta Hawks. While I can't comment on the details of the approval process, I have and will do everything I can to bring the process to a positive conclusion."




    http://espn.go.com/nba/story/_/id/7153495/sale-atlanta-hawks-alex-meruelo-jeopardy-sources-say
     

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