Archive: December 2016

What You May Not Know About Former Atlanta Hawks Owner Bruce Levenson

Bruce Levenson made it on ESPN news when he decided to sell the Atlanta Hawks last year, a sale that many said exceeded the expected price. Levenson is still involved in a legal matter regarding this sale and the buyout of former General Manager Danny Ferry’s contract. Levenson and Atlanta Hawks Basketball & Entertainment had filed a claim with their insurance company, AIG when the sale was made. This claim was to cover losses involving wrongful employment termination or workplace torts, and AHBE’s attorneys say they were within their right to file this claim. But AIG so far has refused to honor their policy, so Levenson and AHBE are taking them to court and suing for damages and court costs.

Bruce Levenson bought the Atlanta Hawks in 2004 and owned them up until 2015, and even briefly owned the NHL’s Atlanta Thrashers during that period. Before owning the Hawks, Levenson founded a newsletter company, Unified Communications Group (UCG). This company publishes information about industries such as energy, healthcare and technology, and even owns the Gas Buddy app. Levenson also sits on the boards of UCG subsidiary TechTarget and BIA Digital Partners, a private equity investment advisory company.

Bruce Levenson also has served with several philanthropies (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) including Hoop Dreams and the “I Have a Dream” Foundation. He also is a large contributor to the Holocaust Memorial Museum, an event that’s had a profound impact on him and his family, including his mother-in-law who survived the horrific event. She once shared her story with the Atlanta Hawks team when Levenson brought them to the museum in 2014. Levenson supports other Jewish activist groups including Birthright Israel, the SEED Foundation, and BBYO. He helped start the Center for Philanthropy and Non-Profit Leadership at UMD, and also sat on the board for the Concert Against Hate in 2015. For more info, visit brucelevenson.com.