The bidding for the Atlanta Hawks franchise has suddenly become a great investment since the team has become the best in the Eastern Conference. And with the Brooklyn Nets on the market. It gives potential investors some choice. And for some people. Making Atlanta more appealing. Some people say that Brooklyn would be better long-term but. I mean who is going to buy Brooklyn for 3 billion? I mean come on.
Moving onto Grant Hill. He teamed up with Junior Bridgeman to form an investment group so they can own the Hawks. But according to USA Today, they’re pulling out of the race.
They requested anonymity because they were not authorized to speak publicly about the negotiations.
Two frontrunners to buy the Hawks have emerged, according to the two people: a group led by Steve Kaplan, founder of Oaktree investment fir and a group led by Lions Gate Entertainment chairman Mark Rachesky, who is also the head of multi-billion dollar investment firm MHR Fund Management.
And now that the all of the Atlanta Hawks is for sale instead of a portion. The frontrunners can take solace in the fact that they’ll have complete autonomy of the franchise. Man what I would do with a franchise.
