Report: Atlanta Hawks May Have To Keep Same Owners For Another Year

Thursday October 27th, 2011

Sources are telling Mark Stein of that the sale of the Atlanta Hawks may have hit a snag, and that the current owners and NBA officials are skeptical that potential buyer Alex Meruelo can actually afford and operate the team.

Meruelo, who owns a California investment firm, released a statement denying the accusation.  According to Stein, the statement read:

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.
Should the sale fall through, the Hawks might stay under the current ownership group for another season.

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