Bruce Levenson Made A Large Sale Of The Atlanta Hawks

Bruce Levenson was the owner of the NBA’s Atlanta Hawks from 2004 to early 2015 when he sold them to Tony Ressler. According to Forbes.com, Levenson made quite a profit of this sale, bringing it close to $850 million in total shares sold. Currently, Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) are in the midst of a lawsuit against their former insurance company. AHBE had decided to buyout the contract of former General Manager Danny Ferry in which they say they were entitled to file a claim with their insurance company, AIG. AIG however will not pay this claim out, and Levenson intends to seek damage relief against them in a Fulton County court.

Levenson not only owned the Atlanta Hawks for 11 years, he’s been an accomplished businessman. He got his degree from Washington University, and got a career started in journalism while he was attending law school. He co-founded his company, Unified Communications Group (UCG) out of his own home along with Ed Peskowitz, and that company soon grew into a major newsletter conglomerate. UCG is the parent company to TechTarget, a company that performs market research for businesses looking to make large technology investments. UCG also founded GasBuddy, an app for finding cheap gas prices in a given location.

Bruce Levenson is also a philanthropist who is active in several non-profit groups. He’s supported the “I Have a Dream” Foundation which has several learning programs and scholarship awards for inner city children. He also helped start the “Bringing the Lessons Home” program at the Holocaust Memorial Museum which teaches young people about the event and allows them to become museum tour guides. Levenson also helped start the University of Maryland’s Center for Philanthropy and Non-Profit Leadership, and is also a supporter of Jewish foundations such as Birthright Israel and Seeds of Peace.

SOURCE: https://en.wikipedia.org/wiki/Bruce_Levenson