Hawks' Ownership Group No Longer Actively Selling Team

Monday December 26th, 2011

The Atlanta Spirit ownership group is no longer looking to sell the Atlanta Hawks, according to the Atlanta Journal Constitution.

The Hawks were nearly sold by the group this offseason before a deal with business man Alex Meruelo fell apart in part due to the NBA lockout. The Atlanta Spirit had been attempting to shed the Hawks after recently selling the now relocated Atlanta Thrashers, however when the deal with Meruelo failed to go through NBA approval process last month, the group decided to stop all attempts to sell the team.

"At the beginning of the summer . . . I was just drained and exhausted," Michael Gearon Jr., a member of the ownership group told the Atlanta Journal Constitution. "I was emotionally spent. I thought maybe a new face [as owner] might make a difference. By being able to step back over the summer, [I was able to] get recharged, get energized again."

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