Yahoo Sports reported on Wednesday that private equity billionaire Antony Ressler is leading a group which is finalizing a deal to purchase the Atlanta Hawks. The group is said to include former NBA player Grant Hill as well as Atlanta entrepreneur Jesse Itzler, according to Adrian Wojnarowski.
Current owner Bruce Levenson was forced to sell the Hawks after racially insensitive comments made by him and GM Danny Ferry surfaced back in September, 2014. Shortly thereafter, Ferry, who claims he was only repeating scouting reports and not expressing his own views, took an indefinite leave of absence--leaving CEO Steve Koonin to oversee team operations throughout the sale process.