The first signs of trouble emerged when one of the original Atlanta Spirit members, Boston-based Steve Belkin, split with the other owners over the Hawks signing of free agent Joe Johnson. That led to a protracted legal fight and Belkin being forced out.
Date: Apr 22, 2015
Category: Sports
Source: Google
Atlanta Hawks General Manager Danny Ferry takes indefinite leave of absence
In the 10 years since Atlanta Hawks LLC formerly Atlanta Spirit LLC purchased the Hawks, the NHLs Thrashers and operating rights to Philips Arena, the group forced out Steve Belkin after a four-year legal dispute over a player acquisition, sold the NHLs Thrashers to a group that moved the hock
Date: Sep 12, 2014
Category: Sports
Source: Google
Hawks' Ferry no racist, but he's in middle of a racial firestorm
The lawsuit by former co-owner Steve Belkin in 2006 against his partners temporarily made Levenson and Gearon bedfellows, but after they bought out Belkin and his 30 percent of the team (leaving Levenson, according to a source, with something approaching 60 percent of the franchise), the era of good
The team hasn't divulged exactly what percent Levenson owns, but a 2012 Journal-Constitution article said that Levenson and his business partner Ed Peskowitz took control of more than 50% of the partnership after the group -- formerly known as Atlanta Spirit LLC -- bought out Steve Belkin's 30% stak
Date: Sep 08, 2014
Category: Sports
Source: Google
Hawks owner selling stake in team for 'racially insensitive remarks' sent in email ...
ich bought theHawks, the NHL's Thrashers and operating rights of Philips Arena in 2003. The group has had several instances of dysfunction over the past decade, including feuding with former part-owner Steve Belkin in a protracted legal battle that resulted in Belkin selling his share of the team. An
Cuban immigrants in New York and raised in California, Meruelo was widely lauded for stepping in to buy the Hawks after years of ownership strife in Atlanta thanks to a drawn-out legal wrangle, in which Gearon and Levenson wrested control of the Atlanta Spirit group from former co-owner Steve Belkin
The ownership split began in 2005 over Boston-based co-owner Steve Belkin's objection to the Hawks' trade of Boris Diaw, two first-round draft picks and a $4.9 million trade exception to the Phoenix Suns for guard Joe Johnson in 2005.
But the Spirit wasn't actually in position to pull off the sale because of a contentious legal battle with one of its partners, Boston-based Steve Belkin. That dispute was finally settled this past December when Belkin was bought out by the other owners, a necessary step for completing any sale of t